Greenbrier Companies Files Q1 2025 10-Q

TL;DR

GBRX filed its Q1 2025 10-Q. Check financials for Nov 30, 2024.

AI Summary

Greenbrier Companies Inc. reported its first quarter results for the fiscal year ending August 31, 2025. The company's financial statements for the period ending November 30, 2024, are included in this 10-Q filing. Specific financial details and operational updates for this quarter are presented.

Why It Matters

This filing provides investors with the latest financial performance and operational status of Greenbrier Companies, a key player in the railroad equipment industry.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the railroad equipment industry can be cyclical and subject to economic downturns.

Key Numbers

• 9 — Fiscal Quarters (Indicates the number of quarters reported in the filing.)

Key Players & Entities

• GREENBRIER COMPANIES INC (company) — Filer
• 0000950170-25-003839 (accession_number) — Filing identifier
• 20241130 (date) — Reporting period end date
• 20250110 (date) — Filing date
• 0000923120 (cik) — Central Index Key
• OR (state) — State of incorporation
• 5036847000 (phone_number) — Business phone number

FAQ

Filing Documents

• gbx-20241130.htm (10-Q) — 2133KB
• gbx-ex10_1.htm (EX-10.1) — 91KB
• gbx-ex10_4.htm (EX-10.4) — 36KB
• gbx-ex31_1.htm (EX-31.1) — 17KB
• gbx-ex31_2.htm (EX-31.2) — 17KB
• gbx-ex32_1.htm (EX-32.1) — 10KB
• gbx-ex32_2.htm (EX-32.2) — 10KB
• img155160714_0.jpg (GRAPHIC) — 28KB
• 0000950170-25-003839.txt ( ) — 10164KB
• gbx-20241130.xsd (EX-101.SCH) — 1399KB
• gbx-20241130_htm.xml (XML) — 1942KB

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 35 Item 4.

Controls and Procedures

Controls and Procedures 35 PART II. OTHER INFORMATION 36 Item 1.

Legal Proceedings

Legal Proceedings 36 Item 1A.

Risk Factors

Risk Factors 36 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 36 Item 5. Other Information 36 Item 6. Exhibits 37

Signatures

Signatures 38 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, backlog, capital expenditures, 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," "impact," "intend," "likely," "may," "ongoing," "opinion," "optimize," "plan," "potential," "schedule," "target," "trend," "realize," "result," "seek," "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 those described in more detail in Part I Item 1A "Risk Factors" in o

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) November 30, 2024 August 31, 2024 Assets Cash and cash equivalents $ 300.0 $ 351.8 Restricted cash 12.9 16.8 Accounts receivable, net 583.0 523.8 Income tax receivable 26.7 45.1 Inventories 753.8 770.9 Leased railcars for syndication 228.1 130.7 Equipment on operating leases, net 1,234.1 1,243.5 Property, plant and equipment, net 695.5 711.7 Investment in unconsolidated affiliates 83.9 87.3 Intangibles and other assets, net 242.1 244.4 Goodwill 127.4 128.5 $ 4,287.5 $ 4,254.5 Liabilities and Equity Revolving notes $ 444.9 $ 351.6 Accounts payable and accrued liabilities 653.1 731.4 Deferred income taxes 131.4 130.1 Deferred revenue 45.5 58.9 Notes payable, net 1,394.5 1,404.2 Commitments and contingencies (Note 14) Contingently redeemable noncontrolling interest 43.1 41.7 Equity Greenbrier Preferred stock - without par value; 25,000 shares authorized; none outstanding — — Common stock - without par value; 50,000 shares authorized; 31,359 and 31,135 shares outstanding at November 30, 2024 and August 31, 2024 — — Additional paid-in capital 373.8 375.1 Retained earnings 1,080.5 1,035.0 Accumulated other comprehensive loss ( 41.6 ) ( 34.0 ) Total equity – Greenbrier 1,412.7 1,376.1 Noncontrolling interest 162.3 160.5 Total equity 1,575.0 1,536.6 $ 4,287.5 $ 4,254.5 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 November 30, 2024 2023 Revenue Manufacturing $ 820.4 $ 759.7 Leasing & Fl

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View this 10-Q filing on SEC EDGAR