Greenbrier Companies Reports Third Quarter FY2023 Earnings Results

🌥️Earnings Overview

Greenbrier Companies ($NYSE:GBX) reported for the third quarter of FY2023 ending May 31, 2023, total revenue of USD 1038.1 million, an increase of 30.8% year-over-year, and net income of USD 21.3 million, up considerably from last year’s 3.1 million.

Market Price

The stock opened at $38.0 and closed the day at $42.8, signifying a 31.8% surge from the previous closing price of 32.5. The performance was attributed to new orders and the strong execution of the company’s cost reduction strategies. The company has also established new industrial railcar manufacturing facilities to meet the increasing demand for railcars. Greenbrier Companies remains confident about their future prospects as they have implemented effective measures to enhance their operational efficiency. They believe that these strategies will help them in further improving their financial performance and will also create long-term value for their stakeholders. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Greenbrier Companies. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Greenbrier Companies. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Greenbrier Companies. More…

Key Ratios Snapshot

Some of the financial key ratios for Greenbrier Companies are shown below. More…

Analysis

GoodWhale recently conducted an analysis of GREENBRIER COMPANIES‘ wellbeing. Based on our Star Chart, we have classified them as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. GREENBRIER COMPANIES is strong in terms of its asset, but only medium when it comes to dividend growth, profitability and debt. They have an intermediate health score of 4/10 with regard to cashflows and debt, indicating that the company is likely to sustain operations in times of crisis. Given its moderate growth and intermediate health score, we think GREENBRIER COMPANIES may be attractive to investors who are looking for stable companies that can provide steady returns. Such investors may include those who are focused on dividends, or those who are looking for longer-term investments in established companies. In addition, this type of investor may also be interested in GREENBRIER COMPANIES’ assets and its ability to withstand times of economic uncertainty. More…

Peers

Greenbrier Companies Inc is an international market leader in the manufacturing and marketing of transportation equipment and services. It operates in the railcar and marine manufacturing industries and provides products and services to railroads, leasing companies, shippers, and other transportation companies. Its main competitors are FreightCar America Inc, National Express Group PLC, and Engenco Ltd. All of these companies are dedicated to providing quality transportation equipment and services to their customers.

– FreightCar America Inc ($NASDAQ:RAIL)

FreightCar America Inc. is a leading manufacturer of freight railcars and other equipment used in the rail industry. The company has a market cap of 55.89M as of 2022, which indicates that it is a small-capitalized business. FreightCar America Inc. also has a Return on Equity of 22.57%, which is considered to be a strong indicator of the company’s financial health and success. This indicates that the company is managing its resources effectively and efficiently, allowing it to generate significant returns on its investments. Overall, FreightCar America Inc. appears to be well-positioned to benefit from the growing demand for freight railcars and other equipment used in the rail industry.

– National Express Group PLC ($LSE:NEX)

National Express Group PLC is a global transportation company that provides bus, coach, rail, and air services in the United Kingdom, Spain, North America, and Germany. It is one of the largest public transport operators in the world, with a market cap of 780.5M as of 2022. The company has a Return on Equity (ROE) of 1.44%, which is below the average for the industry. This suggests that investors are not gaining as much return from their investments compared to other companies in the sector. National Express Group PLC has been able to maintain a strong financial position despite the challenging economic conditions it has faced in recent years. It remains committed to providing quality and reliable services to its customers and shareholders.

– Engenco Ltd ($ASX:EGN)

Engenco Ltd is an Australian industrial engineering, mining, and rail services provider. The company specializes in the design, manufacture, and maintenance of mining, transport, and other large-scale industrial equipment. Engenco Ltd has a strong market capitalization of $132.57M as of 2022, which demonstrates the company’s financial strength and stability. Furthermore, Engenco’s Return on Equity (ROE) of 2.95% is indicative of their ability to generate profits from their investments. This indicates that Engenco is a reliable and profitable company.

Summary

Investors in Greenbrier Companies have been rewarded with strong financial performance for the third quarter of 2023, with total revenue rising 30.8% from last year and net income increasing from $3.1 million to $21.3 million. This led to a positive reaction from the market, with the stock price moving up on the day of the announcement. Going forward, investors should consider Greenbrier Companies as a potentially attractive investment option, given its impressive financial results and potential for further growth in the future.