2023-10-25 06:06:38 ET
- Greenbrier press release ( NYSE: GBX ): Q4 Non-GAAP EPS of $0.92 misses by $0.08 .
- Revenue of $1.02B (+7.3% Y/Y) beats by $29.66M .
- Adjusted EBITDA for the quarter was $97 million, or 9.5% of revenue and was $340 million, or 8.6% of revenue for the year.
- High lease fleet utilization of 98% on 13,400 unit fleet.
- Diversified new railcar backlog as of August 31, 2023 was 30,900 units with an estimated value of $3.8 billion.
- Fourth quarter deliveries of 7,000 units and full year deliveries of 26,000 units.
- Guidance for fiscal 2024:
- Deliveries of 22,500 – 25,000 units including approximately 1,000 units in Brazil
- We have devoted a portion of our flexible manufacturing footprint to large railcar refurbishment programs for multiple customers that are accretive to earnings although not included in deliveries. Additionally, our insourcing initiative utilizes space previously used for new railcar production capacity.
- Revenue of $3.4 – $3.7 billion vs. the consensus of $3.92B.
- Capital expenditures of approximately $190 million in Manufacturing and $15 million in Maintenance Services.
- Deliveries of 22,500 – 25,000 units including approximately 1,000 units in Brazil
For further details see:
Greenbrier reports mixed Q4 earnings; initiates FY24 outlook