2023-06-29 06:01:27 ET
- Greenbrier press release ( NYSE: GBX ): Q3 Non-GAAP EPS of $1.02 beats by $0.44 .
- Revenue of $1.04B (+31.1% Y/Y) beats by $135.06M .
- Board increases quarterly dividend by 11% to $0.30 per share, payable on August 8, 2023 to shareholders of record as of July 18, 2023.
- New railcar orders for 4,600 units valued at $650 million and deliveries of 6,600 units; subsequent to the end of the quarter, received orders for 7,900 units valued at $975 million.
- New railcar backlog of 23,400 units with an estimated value of $2.9 billion as of May 31, 2023; excludes orders received subsequent to the end of the quarter and railcar conversion backlog of 1,000 units.
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Greenbrier is updating guidance for fiscal 2023:
- Deliveries of 25,000 – 26,000 units including approximately 1,000 units in Greenbrier-Maxion (Brazil)
- Revenue of $3.8 – $3.9 billion
- Capital expenditures of $280 million in Leasing & Management Services, $90 million in Manufacturing and $15 million in Maintenance Services
- Proceeds of equipment sales are $76 million
- Consolidated gross margin % in the low double-digits is unchanged.
For further details see:
Greenbrier Non-GAAP EPS of $1.02 beats by $0.44, revenue of $1.04B beats by $135.06M