earnings
confidence high
sentiment positive
materiality 0.75
Greenbrier Q3: EPS $1.06, EBITDA $104M (best in 4.5 yrs); updates FY24 guidance
GREENBRIER COMPANIES INC
2024-Q3 EPS reported
$3.05
revenue$2,491,700,000
- Diluted EPS of $1.06 on revenue of $820M; net earnings of $34M attributable to Greenbrier.
- New railcar orders of 6,300 units valued at $830M; backlog of 29,400 units worth $3.7B.
- Board declares Q dividend $0.30/share, payable Aug 13, record Jul 23 – 41st consecutive quarterly dividend.
- FY24 guidance raised: deliveries 23,500–24,000 units; revenue $3.5–$3.6B; gross margin maintained in mid-teens.
- Lease fleet grew 600 units to 15,200; utilization nearly 99%; operating cash flow of $84M.