Greenbrier Companies Reports Strong First Quarter Results

Greenbrier Companies, Inc. (NYSE: GBX) recently released its financial results for the first fiscal quarter ending on November 30, 2024, through an earnings release dated January 8, 2025. The company reported a net income of $55 million, translating to $1.72 per diluted share, on a revenue of $876 million during the quarter. The earnings release highlighted various key achievements and financial metrics.

The company generated EBITDA of $145 million, representing 16.6% of revenue, and achieved an operating margin of $112 million, which accounts for 12.8% of revenue. Notably, Greenbrier grew its lease fleet by 1,200 units to 16,700 units while maintaining a high lease fleet utilization rate of nearly 99%.

During the quarter, Greenbrier received new railcar orders for 3,800 units valued at $520 million and delivered 6,000 units. This resulted in a new railcar backlog of 23,400 units estimated at $3.0 billion. Additionally, the company declared a quarterly dividend of $0.30 per share, payable on February 19, 2025, to shareholders of record as of January 29, 2025, marking the 43rd consecutive quarterly dividend.

Moreover, on January 8, 2025, Greenbrier’s Board renewed and extended a $100 million share repurchase authorization through January 31, 2027. Lorie L. Tekorius, CEO and President of Greenbrier, expressed satisfaction with the company’s performance in the quarter, highlighting strong bottom-line results, operational efficiencies, and ongoing business strategies.

Despite some observed easing in demand for specific railcar types and markets, Greenbrier is optimistic about the increasing demand as 2025 progresses. The company affirmed its full-year guidance and remains focused on delivering strong performance, reduced cyclicality, and enhanced long-term shareholder value.

Greenbrier, headquartered in Lake Oswego, Oregon, is a global leader in supplying equipment and services to freight transportation markets. The company owns approximately 16,700 railcars, operates maintenance services, and provides regulatory compliance and leasing services in North America. For more information, you can visit the company’s website at www.gbrx.com.

In line with the financial results, Greenbrier also provided detailed supplemental leasing and operating information, portraying a comprehensive view of its performance and strategic initiatives for the quarter and beyond.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Greenbrier Companies’s 8K filing here.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.