The Greenbrier Companies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended February 29, 2024
April 05, 2024 at 08:30 am EDT
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The Greenbrier Companies, Inc. reported earnings results for the second quarter and six months ended February 29, 2024. For the second quarter, the company reported revenue was USD 862.7 million compared to USD 1,122 million a year ago. Net income was USD 33.4 million compared to USD 33.1 million a year ago. Basic earnings per share from continuing operations was USD 1.08 compared to USD 1.01 a year ago. Diluted earnings per share from continuing operations was USD 1.03 compared to USD 0.97 a year ago.
For the six months, revenue was USD 1,671.5 million compared to USD 1,888.5 million a year ago. Net income was USD 64.6 million compared to USD 16.4 million a year ago. Basic earnings per share from continuing operations was USD 2.08 compared to USD 0.5 a year ago. Diluted earnings per share from continuing operations was USD 1.99 compared to USD 0.49 a year ago.
The Greenbrier Companies, Inc. is a designer, manufacturer, and marketer of railroad freight car equipment in North America, Europe, and South America. It is a manufacturer and marketer of marine barges. It offers railcar management, regulatory compliance services and leasing services to railcar owners or other users of railcars. The Company operates through three segments: Manufacturing, Maintenance Services, and Leasing & Management Services. The Manufacturing segment produces automotive railcar products. The Maintenance Services segment performs wheel and axle servicing, railcar maintenance and produces a variety of parts for the rail industry in North America. The Leasing & Management Services segment operate railcar leasing business in North America and offers management services, such as software and services that include railcar maintenance management, fleet logistics and railcar accounting services. The Leasing & Management Services segment owns approximately 13,400 railcars.