The earnings call reflects a strong positive sentiment with significant achievements in revenue, growth, and strategic execution, despite some minor concerns about market cyclicality and adjustments in debt facilities.

Company Guidance

During the Greenbrier Companies' fourth-quarter earnings call for fiscal 2024, the company provided guidance for fiscal 2025, highlighting several key metrics. Greenbrier expects new railcar deliveries to range between 22,500 and 25,000 units, including approximately 1,600 units from Brazil. Revenue is projected to be between $3.35 billion and $3.65 billion, with an anticipated aggregate gross margin improvement of 20 to 70 basis points, reaching 16% to 16.5%. Operating margin is expected to be between 9.2% and 9.7%. The company plans to invest $110 million in manufacturing and $10 million in maintenance services, with a gross investment of around $395 million in leasing and management services. Additionally, the company has a robust backlog valued at $3.4 billion and aims to continue the momentum in recurring revenue growth, targeting a doubling of these revenues within the next four years.

Second Highest Quarterly EBITDA

Greenbrier generated its second highest quarterly EBITDA of $159 million in Q4, with an aggregate gross margin expansion to 18.2%.

Achievement of Long-term Targets

Greenbrier achieved the long-term target for gross margin well ahead of schedule, marking the fourth consecutive quarter of gross margin in the mid-teens or higher.

Significant Lease Fleet Expansion

Recurring revenues from leasing activities increased by 25%, with plans to double them in the next 4 years. Lease renewal rates continue to grow at double digits.

Strong Order Backlog

Greenbrier secured orders of 4,400 units worth $575 million in the quarter, with a backlog of 26,700 units valued at $3.4 billion.

Improved Liquidity and Cash Flow

Operating cash flow of $192 million for Q4 and $330 million for fiscal 2024. Liquidity improved by nearly $100 million from Q3 to Q4.

Positive 2025 Outlook

Guidance for fiscal 2025 includes new railcar deliveries of 22,500 to 25,000 units and revenue between $3.35 billion to $3.65 billion.

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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
Jan 03, 2025	2025 (Q1)	1.16 / -	0.96	―	―	―
Oct 23, 2024	2024 (Q4)	1.40 / 1.92	0.92	108.70% (+1.00)
Jul 08, 2024	2024 (Q3)	1.15 / 1.06	1.02	3.92% (+0.04)
Apr 05, 2024	2024 (Q2)	0.86 / 1.03	0.99	4.04% (+0.04)
Jan 05, 2024	2024 (Q1)	0.75 / 0.96	0.05	1820.00% (+0.91)
Oct 25, 2023	2023 (Q4)	1.00 / 0.92	0.6	53.33% (+0.32)
Jun 29, 2023	2023 (Q3)	0.60 / 1.02	0.09	1033.33% (+0.93)
Apr 10, 2023	2023 (Q2)	0.61 / 0.99	0.38	160.53% (+0.61)
Jan 06, 2023	2023 (Q1)	0.48 / 0.05	0.32	-84.38% (-0.27)
Oct 27, 2022	2022 (Q4)	0.42 / 0.60	0.98	-38.78% (-0.38)

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
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%
Jan 05, 2024	$43.31	$45.50	+5.06%

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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