GREENBRIER COMPANIES INC
For the period ended May 31, 2024. Filed Jul 8, 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.
May 31, 2024 · Filed Jul 8, 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 endedMay 31, | Nine months endedMay 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | ||||
| Manufacturing | $685.1 | $870.2 | $2,096.8 | $2,485.3 |
| Maintenance Services | 69.9 | 122.9 | 228.9 | 306.4 |
| Leasing & Management Services | 65.2 | 45.0 | 166.0 | 134.9 |
| 820.2 | 1,038.1 | 2,491.7 | 2,926.6 | |
| Cost of revenue | ||||
| Manufacturing | 610.5 | 786.5 | 1,867.6 | 2,292.2 |
| Maintenance Services | 61.7 | 109.8 | 202.5 | 279.0 |
| Leasing & Management Services | 24.2 | 13.7 | 54.3 | 41.0 |
| 696.4 | 910.0 | 2,124.4 | 2,612.2 | |
| Margin | 123.8 | 128.1 | 367.3 | 314.4 |
| Selling and administrative expense | 59.3 | 63.3 | 179.2 | 175.7 |
| Net gain on disposition of equipment | (7.8) | (2.3) | (12.6) | (15.2) |
| Asset impairment, disposal, and exit costs | — | 16.4 | — | 40.6 |
| Earnings from operations | 72.3 | 50.7 | 200.7 | 113.3 |
| Other costs | ||||
| Interest and foreign exchange | 24.7 | 22.8 | 72.5 | 64.0 |
| Earnings before income tax and earnings from unconsolidated affiliates | 47.6 | 27.9 | 128.2 | 49.3 |
| Income tax expense | (10.7) | (3.6) | (30.0) | (11.7) |
| Earnings before earnings from unconsolidated affiliates | 36.9 | 24.3 | 98.2 | 37.6 |
| Earnings from unconsolidated affiliates | 3.7 | 2.4 | 9.2 | 8.6 |
| Net earnings | 40.6 | 26.7 | 107.4 | 46.2 |
| Net earnings attributable to noncontrolling interest | (6.7) | (5.4) | (8.9) | (8.5) |
| Net earnings attributable to Greenbrier | $33.9 | $21.3 | $98.5 | $37.7 |
| Basic earnings per common share | $1.09 | $0.67 | $3.17 | $1.17 |
| Diluted earnings per common share | $1.06 | $0.64 | $3.05 | $1.13 |
| Weighted average common shares: | ||||
| Basic | 31,131 | 31,757 | 31,091 | 32,346 |
| Diluted | 32,021 | 33,571 | 32,456 | 33,344 |
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