Greenbrier Companies Files 2024 Annual Report

Ticker: GBX · Form: 10-K · Filed: Oct 24, 2024 · CIK: 923120

Sentiment: neutral

Topics: annual-report, railroad-equipment, financials

Related Tickers: GBRX

TL;DR

GBRX dropped its 2024 10-K. Full year results are in.

AI Summary

The Greenbrier Companies Inc. filed its 10-K for the fiscal year ending August 31, 2024. The filing details the company's financial performance and operational status. Key financial figures and business segments are outlined, providing a comprehensive overview of the railroad equipment manufacturer's activities during the reporting period.

Why It Matters

This 10-K filing provides investors and stakeholders with a detailed look at Greenbrier's financial health and strategic direction for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks beyond normal business operations.

Key Players & Entities

FAQ

What is the primary business of The Greenbrier Companies Inc.?

The Greenbrier Companies Inc. is primarily involved in the railroad equipment industry, as indicated by its Standard Industrial Classification code [3743].

For what fiscal period is this 10-K filing?

This 10-K filing is for the fiscal year ending August 31, 2024.

Where is The Greenbrier Companies Inc. incorporated?

The Greenbrier Companies Inc. is incorporated in Oregon (OR).

What is the company's main business address?

The company's business address is One Centerpointe Dr, Ste 200, Lake Oswego, OR 97035.

What is the SEC file number for this filing?

The SEC file number for this 10-K filing is 001-13146.

Filing Stats: 4,311 words · 17 min read · ~14 pages · Grade level 13.9 · Accepted 2024-10-24 16:05:29

Key Financial Figures

Filing Documents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS 3 PART I Item 1.

BUSINESS

BUSINESS 4 Item 1A.

RISK FACTORS

RISK FACTORS 12 Item 1B. UNRESOLVED STAFF COMMENTS 26 Item 1C. CYBERSECURITY 26 Item 2.

PROPERTIES

PROPERTIES 28 Item 3.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 28 Item 4. MINE SAFETY DISCLOSURES 28 INFORMATION ABOUT OUR EXECUTIVE OFFICERS 29 PART II Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 30 Item 6. RESERVED 31 Item 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 32 Item 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 47 Item 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 50 Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 80 Item 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 80 Item 9B. OTHER INFORMATION 84 Item 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 84 PART III Item 10. DIRECTORS AND EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 85 Item 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 85 Item 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDERS MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDERS MATTERS 85 Item 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE 85 Item 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 85 PART IV Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 86 Item 16. FORM 10-K SUMMARY 90

SIGNATURES

SIGNATURES 91 2 Forward-Looki ng Statements This Annual Report on Form 10-K contains forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Many of these risks and other factors are beyond our ability to control or predict. Words such as "ability," "allow," "anticipate," "believe," "committed," "can," "continue," "could," "designed," "estimate," "expect," "foreseeable", "future," "goal," "impact," "intend," "likely," "may," "periodically," "plan," "potential," "provide," "result," "seek," "should," "strategy," "target," "will," "would," and similar expressions identify forward-looking statements. In addition, statements regarding expectations of cost savings or our ability to navigate current challenges, or any other statements that explicitly or implicitly draw trends in our performance or the markets in which we operate, or characterize future events or circumstances, are forward-looking statements. These risks and uncertainties, as well as other risks and uncertainties that could cause our actual results to differ significantly from management's expectations, are described in greater detail in Item 1A, "Risk Factors," Item 1, "Business – Backlog," Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations," and Item 9A. "Controls and Procedures – Inherent Limitations on Effectiveness of Controls." Forward-looking statements are based on currently available operating, financial and market information and are inherently uncertain. Investors should not place undue reliance on forward-looking statements, which speak only as of the date they are made and are not guarantees of future performance. Actual future results and trends may differ materially from such fo

B USINESS

Item 1. B USINESS Introduction We are one of the leading designers, manufacturers and marketers of railroad freight car equipment and services in North America, Europe, and South America and may enter other geographies as opportunities arise. We offer railcar management, regulatory compliance and leasing services to railcar owners or other users of railcars in North America. We are a leading provider of freight railcar wheel services, maintenance and parts in North America. Through unconsolidated affiliates we produce rail and industrial components and have an ownership stake in a railcar manufacturer in Brazil. We operate an integrated business model in North America that combines freight car manufacturing, wheel services, railcar maintenance, component parts, leasing and fleet management services. Our model is designed to provide customers with a comprehensive set of freight car product and service solutions by utilizing our substantial engineering, mechanical and technical capabilities as well as our experienced commercial personnel. Our integrated model allows us to develop cross-selling opportunities and synergies among our reportable segments thereby enhancing our margins. We believe our integrated model is difficult to duplicate and provides greater value for our customers and investors. We operate in three reportable segments: Manufacturing; Maintenance Services; and Leasing & Management Services. Financial information about our reportable segments as well as geographic information is located in Note 18 - Segment Information to the Consolidated Financial Statements. References in this Annual Report on Form 10-K to the "Company," "Greenbrier," "we," "us" and "our" refer to The Greenbrier Companies, Inc. and, where appropriate, its subsidiaries. All references to years refer to the fiscal years ended August 31st unless otherwise noted. The Greenbrier Companies, Inc., is incorporated in Oregon. Our principal executive offices are located at One Cent

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