The earnings call presented a strong first-quarter performance with record revenue and significant margin improvements. Despite a decrease in backlog and some uncertainty in future demand, the company remains optimistic due to a strong sales pipeline and robust lease renewal rates. The overall sentiment is positive, with management emphasizing strategic initiatives and efficiency improvements.

Company Guidance

During the Greenbrier Companies' Q1 2025 earnings call, the guidance for fiscal 2025 was reaffirmed, with the company projecting steady production rates and emphasizing its resilience across market conditions. In the first quarter, Greenbrier reported an EBITDA of $145 million and a gross margin of 19.8%, marking a 480 basis points improvement year-over-year, attributed to enhanced manufacturing efficiencies and favorable product mix. The company delivered 6,000 new railcars, maintained a strong lease fleet utilization of approximately 99%, and secured global orders for 3,800 units valued at $520 million. Despite a backlog of 23,400 units valued at $3 billion, Greenbrier remains optimistic about meeting its guidance, supported by a constructive demand outlook and strategic initiatives aimed at enhancing manufacturing productivity and operational efficiency. The company's liquidity position is robust at $549 million, with plans for disciplined capital allocation to drive long-term shareholder value.

Record-Breaking Revenue

Revenue in Q1 was $876 million, marking a new first-quarter record for Greenbrier.

Strong Margin Performance

Q1 EBITDA was $145 million with an aggregate gross margin of 19.8%, showing a 480 basis points year-over-year improvement.

Increased Leasing Performance

Greenbrier's lease fleet grew by 1,200 units with stable fleet utilization of 99%. Lease renewal rates continued to grow at double digits.

Strong Backlog and Order Activity

Global orders of 3,800 units worth $520 million were secured in Q1, with a backlog of 23,400 units valued at $3 billion.

Improvement in Return on Invested Capital

ROIC was 11.2%, marking a 140 basis point sequential increase.

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Greenbrier (GBX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GBX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 26, 2018	2018 (Q4)	- / 0.80	0.86	-6.98% (-0.06)	―	―
Jan 09, 2019	2019 (Q1)	- / 0.54	0.9	-40.00% (-0.36)	―	―
Apr 05, 2019	2019 (Q2)	- / 0.22	1.046	-78.97% (-0.83)	―	―
Jul 02, 2019	2019 (Q3)	- / 0.89	1.3	-31.54% (-0.41)	―	―
Oct 25, 2019	2019 (Q4)	- / 1.31	0.8	63.75% (+0.51)	―	―
Jan 08, 2020	2020 (Q1)	- / 0.30	0.54	-44.44% (-0.24)	―	―
Apr 07, 2020	2020 (Q2)	- / 0.46	0.22	109.09% (+0.24)	―	―
Jul 10, 2020	2020 (Q3)	- / 1.05	0.89	17.98% (+0.16)	―	―
Oct 23, 2020	2020 (Q4)	- / 0.16	1.31	-87.79% (-1.15)	―	―
Jan 06, 2021	2021 (Q1)	- / -0.30	0.3	-200.00% (-0.60)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GBX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 08, 2025	$60.44	$62.74	+3.81%
Oct 23, 2024	$51.20	$59.74	+16.68%
Jul 08, 2024	$48.03	$43.66	-9.10%
Apr 05, 2024	$51.52	$52.27	+1.46%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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