Greenbrier Companies Inc (NYSE:GBX)
$ 62.09 2.92 (4.93%) Market Cap: 1.95 Bil Enterprise Value: 3.42 Bil PE Ratio: 12.52 PB Ratio: 1.40 GF Score: 71/100
Back to the Transcripts List

Q4 2024 Greenbrier Companies Inc Earnings Call Transcript

Oct 23, 2024 / 09:00PM GMT
Release Date Price: $51.45 (-1.47%)

Key Points

Positve
  • Greenbrier Companies Inc (GBX) achieved its second highest quarterly EBITDA of $159 million, with a gross margin expansion to 18.2%.
  • The company has successfully increased recurring revenues from leasing activities by 25% and is on track to double them within the next four years.
  • Greenbrier Companies Inc (GBX) has a strong backlog valued at $3.4 billion, providing significant revenue visibility.
  • The company has improved operating efficiencies and is advancing key initiatives such as in-sourcing and lease fleet expansion.
  • Greenbrier Companies Inc (GBX) generated operating cash flow of $192 million for the quarter and $330 million for fiscal 2024, indicating strong liquidity and financial health.
Negative
  • The North American railcar market is experiencing a supply-driven replacement market, which may lead to steadier but potentially lower demand over time.
  • Only 10% of leases are up for renewal in fiscal 2025, which could limit opportunities for lease rate increases.
  • The company faces challenges in maintaining its manufacturing leadership position across all geographies amidst evolving market conditions.
  • Greenbrier Companies Inc (GBX) needs to continue working on initiatives to sustain efficiency gains and complete in-sourcing projects.
  • The market's shift away from long-term speculative orders from leasing companies could impact future demand dynamics.
Operator

Hello and welcome to the Greenbrier Companies fourth-quarter and fiscal 2024 earnings conference call. (Operator Instructions) At the request of the Greenbrier Companies, the conference call is being recorded for instant replay purposes.

At this time, I would like to turn the conference over to Mr. Justin Roberts, Vice President and Treasurer. Mr. Roberts, you may begin.

Justin Roberts
Greenbrier Companies Inc - Vice President, Finance, Treasurer, Investor Relations

Thank you, Chuck. Good afternoon, everyone, and welcome to our conference call today. I am joined by Lorie Tekorius, Greenbrier's CEO and President; Brian Comstock, Executive Vice President and President of the Americas; and Michael Donfris, Senior Vice President and CFO.

Following our update on Greenbrier's 2024 performance and our outlook for fiscal '25, we will open up the call for questions. Our earnings release and supplemental slide presentation can be found on the IR section of our website.

Matters discussed on today's conference call include forward-looking

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.