Greenbrier Companies Inc. Files 10-Q for Period Ending Feb 29, 2024

TL;DR

<b>Greenbrier Companies Inc. filed its Q2 2024 10-Q report, detailing financial performance for the period ending February 29, 2024.</b>

AI Summary

GREENBRIER COMPANIES INC (GBX) filed a Quarterly Report (10-Q) with the SEC on April 5, 2024. The Greenbrier Companies Inc. filed a 10-Q report for the period ending February 29, 2024. The filing covers the second quarter of fiscal year 2024. The company's fiscal year ends on August 31st. Greenbrier Companies Inc. is incorporated in Oregon. The company's primary business is in Railroad Equipment manufacturing.

Why It Matters

For investors and stakeholders tracking GREENBRIER COMPANIES INC, this filing contains several important signals. This 10-Q filing provides crucial insights into Greenbrier's financial health and operational performance during the second quarter of its fiscal year. Investors and analysts can use this report to assess the company's revenue, expenses, and overall financial position, informing investment decisions.

Risk Assessment

Risk Level: medium — GREENBRIER COMPANIES INC shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q), which typically contains routine financial information. However, specific financial performance details and forward-looking statements within the full report could reveal higher risks.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand Greenbrier's performance and outlook.

Key Numbers

• 2024-02-29 — Period End Date (Quarterly filing)
• 2024-04-05 — Filing Date (10-Q submission)
• 0831 — Fiscal Year End (Company's fiscal year)

Key Players & Entities

• GREENBRIER COMPANIES INC (company) — Filer name
• GBX (company) — Ticker symbol
• 2024-02-29 (date) — Period of report
• 2024-04-05 (date) — Filing date
• Oregon (location) — State of incorporation
• RAILROAD EQUIPMENT (industry) — Standard Industrial Classification

FAQ

Industry Context

Greenbrier Companies Inc. operates in the Railroad Equipment industry, manufacturing railcars and parts for the transportation sector.

Regulatory Implications

The filing is a standard 10-Q, a quarterly report required by the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the revenue and cost of revenue figures for the reported quarter.
2. Examine any disclosed debt or equity information.
3. Review the company's business segments and their respective performances.

Key Dates

• 2024-02-29: Quarter End — End of the reporting period for the 10-Q
• 2024-04-05: Filing Date — Date the 10-Q was officially submitted to the SEC

Year-Over-Year Comparison

This is the 10-Q filing for the period ending February 29, 2024, following previous filings for the company.

Filing Documents

• gbx-20240229.htm (10-Q) — 2862KB
• gbx-ex3_1.htm (EX-3.1) — 249KB
• gbx-ex10_1.htm (EX-10.1) — 48KB
• gbx-ex31_1.htm (EX-31.1) — 15KB
• gbx-ex31_2.htm (EX-31.2) — 16KB
• gbx-ex32_1.htm (EX-32.1) — 9KB
• gbx-ex32_2.htm (EX-32.2) — 10KB
• 0000950170-24-042261.txt (&nbsp;) — 12031KB
• gbx-20240229.xsd (EX-101.SCH) — 1364KB
• gbx-20240229_htm.xml (XML) — 2544KB

Forward-Looking Statements

Forward-Looking Statements 3 PART I. FINANCIAL INFORMATION 4 Item 1. Condensed Consolidated Financial Statements 4 Condensed Consolidated Balance Sheets 4 Condensed Consolidated Statements of Income 5 Condensed Consolidated Statements of Comprehensive Income 6 Condensed Consolidated Statements of Equity 7 Condensed Consolidated Statements of Cash Flows 8 Notes to Condensed Consolidated Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 42 Item 4.

Controls and Procedures

Controls and Procedures 42 PART II. OTHER INFORMATION 43 Item 1.

Legal Proceedings

Legal Proceedings 43 Item 1A.

Risk Factors

Risk Factors 43 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 43 Item 5. Other Information 43 Item 6. Exhibits 44

Signatures

Signatures 45 2 Forward-Looki ng Statements This Quarterly Report on Form 10-Q contains forward-looking statements. All statements, other than statements of historical fact included in this report, concerning our plans, objectives, goals, strategies, future events, future performance, financing needs, plans or intentions relating to business trends and other information referred to under "Management's Discussion and Analysis of Financial Condition and Results of Operations" are forward-looking statements. We use words such "affect," "anticipate," "assume," "backlog," "be," "believe," "commit," "can," "contingent," "continue," "could," "due to," "estimate," "expect," "future," "intend," "likely," "may," "ongoing," "opinion," "optimize," "plan," "potential," "trend," "realize," "result," "seek," "should," "strategy," "will," "would," and similar expressions to identify forward-looking statements. Forward-looking statements are not guarantees of future performance. Forward-looking statements are based on our current expectations and beliefs and on currently available operating, financial and market information and are subject to various risks and uncertainties, many of which, by their nature, are inherently uncertain and beyond our control. Our expectations and beliefs are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that our expectations or beliefs will result or be achieved and actual future results and trends may differ materially from what is expressed in or indicated by the forward-looking statements. There are a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from the forward-looking statements contained in this report. Such risks, uncertainties and important factors include but are not limited to the following: an economic downturn or economic uncertainty; shortages of skilled labor, increased labor costs, or a fai

FINANCI AL INFORMATION

PART I. FINANCI AL INFORMATION

Condensed Consolidated F inancial Statements

Item 1. Condensed Consolidated F inancial Statements Condensed Consolidated B alance Sheets (In millions, except number of shares which are reflected in thousands, unaudited) February 29, 2024 August 31, 2023 Assets Cash and cash equivalents $ 252.0 $ 281.7 Restricted cash 20.0 21.0 Accounts receivable, net 519.1 529.9 Income tax receivable 20.9 42.2 Inventories 827.0 823.6 Leased railcars for syndication 134.4 187.4 Equipment on operating leases, net 1,160.5 1,000.0 Property, plant and equipment, net 636.1 619.2 Investment in unconsolidated affiliates 90.0 88.7 Intangibles and other assets, net 255.6 255.8 Goodwill 128.0 128.9 $ 4,043.6 $ 3,978.4 Liabilities and Equity Revolving notes $ 300.8 $ 297.1 Accounts payable and accrued liabilities 649.3 743.5 Deferred income taxes 79.7 114.1 Deferred revenue 81.5 46.2 Notes payable, net 1,421.8 1,311.7 Commitments and contingencies (Note 14) Contingently redeemable noncontrolling interest 56.0 55.6 Equity: Greenbrier Preferred stock - without par value; 25,000 shares authorized; none outstanding — — Common stock - without par value; 50,000 shares authorized; 31,131 and 30,880 shares outstanding at February 29, 2024 and August 31, 2023 — — Additional paid-in capital 366.1 364.4 Retained earnings 942.7 897.5 Accumulated other comprehensive loss ( 8.9 ) ( 7.3 ) Total equity – Greenbrier 1,299.9 1,254.6 Noncontrolling interest 154.6 155.6 Total equity 1,454.5 1,410.2 $ 4,043.6 $ 3,978.4 The accompanying notes are an integral part of these financial statements 4 Condensed Consolidated Sta tements 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

View Full Filing

View this 10-Q filing on SEC EDGAR