Greenbrier Companies Q3 2024 Financial Update

TL;DR

GBRX Q3 results are in, showing solid assets and liabilities. Check the full filing for details.

AI Summary

Greenbrier Companies Inc. reported its third-quarter results for the period ending May 31, 2024. The company's financial statements indicate significant assets and liabilities, including accounts receivable and accounts payable. Specific dollar amounts and detailed financial performance metrics are available within the full 10-Q filing.

Why It Matters

This filing provides insight into the financial health and operational performance of Greenbrier Companies, a key player in the railroad equipment industry, impacting investors and suppliers.

Risk Assessment

Risk Level: medium — The filing details financial performance and operational status, which can carry inherent risks for investors depending on the disclosed figures and future outlook.

Key Numbers

• N/A — Revenue (Specific revenue figures are not detailed in this header information.)
• N/A — Net Income (Specific net income figures are not detailed in this header information.)
• N/A — Earnings Per Share (Specific EPS figures are not detailed in this header information.)

Key Players & Entities

• GREENBRIER COMPANIES INC (company) — Filer
• 0000923120 (company) — Central Index Key
• OR (company) — State of Incorporation
• 001-13146 (company) — SEC File Number
• 241104894 (company) — Film Number
• LAKE OSWEGO (company) — City
• 5036847000 (dollar_amount) — Business Phone
• 20240531 (date) — Fiscal Period End
• 0831 (date) — Fiscal Year End

FAQ

Filing Documents

• gbx-20240531.htm (10-Q) — 2871KB
• gbx-ex10_1.htm (EX-10.1) — 83KB
• gbx-ex10_2.htm (EX-10.2) — 48KB
• gbx-ex31_1.htm (EX-31.1) — 16KB
• gbx-ex32_1.htm (EX-32.1) — 9KB
• img153313672_0.jpg (GRAPHIC) — 19KB
• 0000950170-24-082097.txt ( ) — 11857KB
• gbx-20240531.xsd (EX-101.SCH) — 1384KB
• gbx-20240531_htm.xml (XML) — 2542KB

Forward-Looking Statements

Forward-Looking Statements 3 PART I. FINANCIAL INFORMATION 5 Item 1. Condensed Consolidated Financial Statements 5 Condensed Consolidated Balance Sheets 5 Condensed Consolidated Statements of Income 6 Condensed Consolidated Statements of Comprehensive Income 7 Condensed Consolidated Statements of Equity 8 Condensed Consolidated Statements of Cash Flows 9 Notes to Condensed Consolidated Financial Statements 10 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 25 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 45 Item 4.

Controls and Procedures

Controls and Procedures 45 PART II. OTHER INFORMATION 47 Item 1.

Legal Proceedings

Legal Proceedings 47 Item 1A.

Risk Factors

Risk Factors 47 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 47 Item 5. Other Information 47 Item 6. Exhibits 48

Signatures

Signatures 49 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," "can," "contingent," "conclude," "continue," "could," "due to," "estimate," "expect," "future," "intend," "likely," "may," "ongoing," "opinion," "optimize," "plan," "potential," "schedule," "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 c

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) May 31, 2024 August 31, 2023 Assets Cash and cash equivalents $ 271.6 $ 281.7 Restricted cash 20.2 21.0 Accounts receivable, net 488.5 529.9 Income tax receivable 20.0 42.2 Inventories 812.4 823.6 Leased railcars for syndication 155.3 187.4 Equipment on operating leases, net 1,226.9 1,000.0 Property, plant and equipment, net 648.3 619.2 Investment in unconsolidated affiliates 90.3 88.7 Intangibles and other assets, net 254.3 255.8 Goodwill 128.0 128.9 $ 4,115.8 $ 3,978.4 Liabilities and Equity Revolving notes $ 348.4 $ 297.1 Accounts payable and accrued liabilities 652.9 743.5 Deferred income taxes 82.9 114.1 Deferred revenue 74.0 46.2 Notes payable, net 1,413.9 1,311.7 Commitments and contingencies (Note 15) Contingently redeemable noncontrolling interest 56.3 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 May 31, 2024 and August 31, 2023 — — Additional paid-in capital 370.2 364.4 Retained earnings 966.9 897.5 Accumulated other comprehensive loss ( 8.0 ) ( 7.3 ) Total equity – Greenbrier 1,329.1 1,254.6 Noncontrolling interest 158.3 155.6 Total equity 1,487.4 1,410.2 $ 4,115.8 $ 3,978.4 The accompanying notes are an integral part of these financial statements 5 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 May 31, Nine months ended May 31, 2024 2023 2024 2023 Revenue Manufacturing $ 685.1 $

View Full Filing

View this 10-Q filing on SEC EDGAR