– Revenue in Q1 reached $876 million, a record high. – EBITDA was $145 million, with a 19.8% gross margin. – Backlog stood at $3 billion with robust order activity. – ROIC improved to 11.2%, while tax rate increased to 37.8%. – Outlook for fiscal 2025 remains optimistic despite challenges.
Key Highlights from Greenbrier Companies Q1 Earnings Call
– Record Q1 revenue of $876 million, showcasing financial strength.
– EBITDA reached $145 million with a gross margin of 19.8%, a significant year-over-year improvement.
– Fleet utilization at 99%, with lease renewals growing in double digits.
– Secured global orders for 3,800 units valued at $520 million, maintaining a solid backlog.
– Reported Return on Invested Capital (ROIC) climbed to 11.2%.
– Backlog decrease from $3.8 billion to $3 billion noted, but still robust.
– Increased tax rate to 37.8% due to geographic and currency factors.
– Company maintains fiscal 2025 guidance, emphasizing resilient production plans.
Greenbrier Companies’ recent earnings call highlighted remarkable financial performance, marked by record revenue and enhanced margins. Although faced with a decline in backlog and some demand uncertainties, management remains optimistic about the company’s future growth through strategic initiatives and strong operational efficiencies. Overall, the outlook reflects confidence in sustaining production and maximizing returns for shareholders.
Original Source: www.tipranks.com
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