NYSE$GBX
The Greenbrier Companies Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Greenbrier's operating results were strong, with lease fleet utilization and manufacturing production remaining robust in North America, offset by inflation and the war in Ukraine.
Greenbrier reported net earnings of $3.1 million, or $0.09 per diluted share, on revenue of $794 million. The company's new railcar backlog reached its highest value in six years at $3.6 billion, and lease fleet utilization remained high at 98%.
- New railcar orders totaled 5,000 units valued at $670 million, with deliveries of 5,200 units, resulting in a book-to-bill of nearly 1.0x.
- The new railcar backlog as of May 31, 2022, was 30,900 units, valued at $3.6 billion.
- Lease fleet utilization was maintained at 98%.
- Quarter end liquidity of $535 million, including $450 million in cash.
Headline financials
Revenue & EPS history
Greenbrier · Revenue · Quarterly
$794M
Forward guidance
Based on current business trends and production schedules for fiscal 2022, Greenbrier expects deliveries of 18,500 – 19,500 units, Selling & administrative expense to be $210 - $215 million and Capital expenditures will be approximately $310 million in Leasing & Management Services, $50 million in Manufacturing and $10 million in Maintenance Services.
Tailwinds
- Deliveries of 18,500 – 19,500 units including approximately 1,500 units in Greenbrier-Maxion (Brazil).
Headwinds
- Selling & administrative expense to be $210 - $215 million.
- Capital expenditures will be approximately $310 million in Leasing & Management Services, $50 million in Manufacturing and $10 million in Maintenance Services.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2022
+0.4%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+1.7%
Avg return
30 days after
43%
28 / 65 earnings
Positive
+32.7%
Q3 2023
Best reaction
-21.3%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -1.2% | -0.5% | — | |
| Q1 2026 | -9.9% | -8.8% | +2.4% | |
| Q4 2025 | -7.5% | -7.6% | -1.7% | |
| Q3 2025 | -2.5% | -5.6% | -10.1% | |
| Q2 2025 | -11.4% | -8.9% | -0.1% | |
| Q1 2025 | +4.2% | +6.7% | +7.7% | |
| Q4 2024 | +15.0% | +19.1% | +27.6% | |
| Q3 2024 | -6.2% | -6.4% | -8.2% | |
| Q2 2024 | +3.1% | +1.9% | -0.3% | |
| Q1 2024 | +9.4% | +6.6% | +5.8% | |
| Q4 2023 | -20.2% | -16.9% | -8.3% | |
| Q3 2023 | +32.7% | +32.7% | +38.0% | |
| Q2 2023 | +9.6% | -2.7% | -12.3% | |
| Q1 2023 | -21.3% | -18.0% | -9.3% | |
| Q4 2022 | +24.0% | +32.6% | +37.7% | |
| Q3 2022 | -12.4% | -10.0% | -4.3% | |
| Q2 2022 | -7.2% | -4.5% | -9.9% | |
| Q1 2022 | -12.5% | -14.0% | -15.1% | |
| Q4 2021 | -12.0% | -12.1% | -10.9% | |
| Q3 2021 | +8.9% | +8.2% | +8.8% | |
| Q2 2021 | -6.0% | -5.0% | +0.1% | |
| Q1 2021 | -0.3% | -0.6% | +12.0% | |
| Q4 2020 | -12.8% | -18.4% | -1.7% | |
| Q3 2020 | +17.7% | +20.2% | +27.3% | |
| Q2 2020 | +29.8% | +29.5% | +13.0% | |
| Q1 2020 | -10.6% | -12.2% | -15.8% | |
| Q4 2019 | -5.4% | -7.0% | -10.4% | |
| Q3 2019 | -8.4% | -6.3% | -8.3% | |
| Q2 2019 | -2.4% | -0.5% | +8.6% | |
| Q1 2019 | -7.2% | -6.4% | -4.1% | |
| Q4 2018 | -12.0% | -11.8% | -17.4% | |
| Q3 2018 | +15.4% | +13.5% | +20.6% | |
| Q2 2018 | -7.3% | -9.4% | -8.1% | |
| Q1 2018 | -4.6% | -7.0% | -7.1% | |
| Q4 2017 | +0.4% | +2.4% | -7.0% | |
| Q3 2017 | -7.5% | -6.7% | -10.6% | |
| Q2 2017 | +12.9% | +11.2% | +0.5% | |
| Q1 2017 | +17.8% | +21.2% | +13.9% | |
| Q4 2016 | -10.4% | -14.7% | +6.8% | |
| Q3 2016 | -1.8% | +6.3% | +15.5% | |
| Q2 2016 | +10.8% | — | — | |
| Q1 2016 | -13.7% | — | — | |
| Q4 2015 | +12.8% | — | — | |
| Q3 2015 | +3.7% | — | — | |
| Q2 2015 | +5.2% | — | — | |
| Q1 2015 | +10.9% | — | — | |
| Q4 2014 | -1.1% | — | — | |
| Q3 2014 | +16.6% | — | — | |
| Q2 2014 | -3.8% | — | — | |
| Q1 2014 | +7.1% | — | — | |
| Q4 2013 | +19.2% | — | — | |
| Q3 2013 | -8.6% | — | — | |
| Q2 2013 | -3.8% | — | — | |
| Q1 2013 | -0.7% | — | — | |
| Q4 2012 | -20.2% | — | — | |
| Q4 2010 | -20.2% | — | — | |
| Q3 2011 | -2.8% | — | — | |
| Q3 2012 | +9.5% | — | — | |
| Q2 2011 | -13.8% | — | — | |
| Q2 2012 | -13.8% | — | — | |
| Q1 2011 | +7.7% | — | — | |
| Q1 2012 | +7.7% | — | — | |
| Q4 2011 | +7.7% | — | — | |
| Q3 2010 | +17.5% | — | — | |
| Q2 2010 | +12.7% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro