GREENBRIER COMPANIES INC
For the period ended Feb 29, 2024. Filed Apr 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Feb 29, 2024 · Filed Apr 5, 2024
GBX$41.93+0.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income
(In millions, except number of shares which are reflected in thousands and per share amounts, unaudited)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| February 29,2024 | February 28,2023 | February 29,2024 | February 28,2023 | |
| Revenue | ||||
| Manufacturing | $735.8 | $968.6 | $1,411.7 | $1,615.1 |
| Maintenance Services | 75.2 | 98.0 | 159.0 | 183.5 |
| Leasing & Management Services | 51.7 | 55.4 | 100.8 | 89.9 |
| 862.7 | 1,122.0 | 1,671.5 | 1,888.5 | |
| Cost of revenue | ||||
| Manufacturing | 656.2 | 901.2 | 1,257.1 | 1,505.7 |
| Maintenance Services | 69.2 | 89.6 | 140.8 | 169.2 |
| Leasing & Management Services | 15.1 | 14.4 | 30.1 | 27.3 |
| 740.5 | 1,005.2 | 1,428.0 | 1,702.2 | |
| Margin | 122.2 | 116.8 | 243.5 | 186.3 |
| Selling and administrative expense | 63.6 | 59.0 | 119.9 | 112.4 |
| Net gain on disposition of equipment | (4.9) | (9.6) | (4.8) | (12.9) |
| Impairment of long-lived assets | — | — | — | 24.2 |
| Earnings from operations | 63.5 | 67.4 | 128.4 | 62.6 |
| Other costs | ||||
| Interest and foreign exchange | 24.6 | 21.6 | 47.8 | 41.2 |
| Earnings before income tax and earnings from unconsolidated affiliates | 38.9 | 45.8 | 80.6 | 21.4 |
| Income tax expense | (9.3) | (11.9) | (19.3) | (8.1) |
| Earnings before earnings from unconsolidated affiliates | 29.6 | 33.9 | 61.3 | 13.3 |
| Earnings from unconsolidated affiliates | 4.0 | 2.9 | 5.5 | 6.2 |
| Net earnings | 33.6 | 36.8 | 66.8 | 19.5 |
| Net earnings attributable to noncontrolling interest | (0.2) | (3.7) | (2.2) | (3.1) |
| Net earnings attributable to Greenbrier | $33.4 | $33.1 | $64.6 | $16.4 |
| Basic earnings per common share | $1.08 | $1.01 | $2.08 | $0.50 |
| Diluted earnings per common share | $1.03 | $0.97 | $1.99 | $0.49 |
| Weighted average common shares: | ||||
| Basic | 31,117 | 32,588 | 31,071 | 32,654 |
| Diluted | 32,570 | 34,400 | 32,676 | 33,654 |
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