NYSE$GBX
The Greenbrier Companies Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Greenbrier's financial performance reflected continued operating momentum and strong commercial activity.
Greenbrier reported Q3 revenue of $1 billion. GAAP EPS was $0.64, which included a $13 million loss from the sale and exit of Gunderson Marine. Adjusted EPS was $1.02. The company received new railcar orders for 4,600 units valued at $650 million and delivered 6,600 units.
- New railcar orders for 4,600 units valued at $650 million and deliveries of 6,600 units.
- New railcar backlog of 23,400 units with an estimated value of $2.9 billion as of May 31, 2023.
- Strong quarter end liquidity of $665 million, including $321 million in cash and $344 million of available borrowing capacity.
- Board increases quarterly dividend by 11% to $0.30 per share, payable on August 8, 2023.
Headline financials
Revenue & EPS history
Greenbrier · Revenue · Quarterly
$1.04B
Forward guidance
Greenbrier is updating guidance for fiscal year 2023. Deliveries of 25,000 – 26,000 units including approximately 1,000 units in Greenbrier-Maxion (Brazil), Revenue of $3.8 – $3.9 billion, Capital expenditures of $280 million in Leasing & Management Services, $90 million in Manufacturing and $15 million in Maintenance Services, Proceeds of equipment sales are $76 million, and Consolidated gross margin % in the low double-digits is unchanged.
Tailwinds
- Deliveries of 25,000 – 26,000 units including approximately 1,000 units in Greenbrier-Maxion (Brazil)
- Revenue of $3.8 – $3.9 billion
- Capital expenditures of $280 million in Leasing & Management Services
- Capital expenditures of $90 million in Manufacturing
- Capital expenditures of $15 million in Maintenance Services
Headwinds
- Consolidated gross margin % in the low double-digits is unchanged.
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 2023
+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% | — | — |
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