Railcar Giant Greenbrier Faces Setback In Q3 - Can New Railcar Orders Turn the Tide?
Railcar Giant Greenbrier Faces Setback In Q3 - Can New Railcar Orders Turn the Tide?
The Greenbrier Companies, Inc. (NYSE:GBX) shares are tumbling today after the company reported worse-than-expected third-quarter FY24 results.
格林布賴爾公司（紐約證券交易所代碼：GBX）今天股價暴跌，此前該公司公佈的24財年第三季度業績低於預期。
Revenue declined to $820.2 million from $1.038 billion a year ago and missed the consensus of $928.7 million.
收入從去年同期的10.38億美元下降至8.202億美元，未達到預期的9.287億美元。
The company's lease fleet utilization was around 99%, and fleet size increased by 600 units to 15,200 units.
該公司的租賃機隊利用率約爲99％，機隊規模增加了600個單位，達到15,200個單位。
GBX has secured orders for 6,300 new railcars worth $830 million and delivered 5,400 units in the quarter.
GBX已獲得價值8.3億美元的6,300輛新軌道車輛的訂單，並在本季度交付了5,400輛。
As of May end, the new railcar backlog stood at 29,400 units, with an estimated value of $3.7 billion.
截至5月底，新的軌道車輛積壓爲29,400輛，估計價值爲37億美元。
EBITDA came in at $104 million vs $95 million a year ago, with a margin of 13%. EPS of $1.06 missed the consensus of $1.15.
息稅折舊攤銷前利潤爲1.04億美元，去年同期爲9,500萬美元，利潤率爲13％。每股收益爲1.06美元，未達到1.15美元的共識。
As of May 31, cash and equivalents stood at $291.8 million. The company's quarterly dividend per share of $0.30 is payable on August 13 to shareholders of record as of July 23.
截至5月31日，現金及等價物爲2.918億美元。公司每股0.30美元的季度股息將於8月13日支付給截至7月23日的登記股東。
FY24 Outlook: Greenbrier revised revenue guidance to $3.50 billion-$3.60 billion (vs. $3.50 billion-$3.70 billion earlier), compared to the consensus of $3.56 billion.
24財年展望：格林布賴爾將收入預期下調至35.0億美元至36.0億美元（而前期爲35.0億美元至37.0億美元），而市場普遍預期爲35.6億美元。
The company now expects to deliver 23,500 – 24,000 (vs. 23,500 – 25,000 units earlier), including around 1,400 units in Brazil.
該公司現在預計將交付23,500至24,000輛（而之前的交付量爲23,500至25,000輛），其中包括在巴西交付的約1,400輛。
Greenbrier projects capital expenditures of around $150 million in Manufacturing and $15 million in Maintenance Services and sees gross leasing investment of about $340 million in Leasing & Management Services.
Greenbrier預計，製造業的資本支出約爲1.5億美元，維護服務方面的資本支出爲1500萬美元，預計租賃和管理服務的租賃投資總額約爲3.4億美元。
The company anticipates proceeds from equipment sales of around $75 million.
該公司預計設備銷售收益約爲7500萬美元。
Lorie L. Tekorius, CEO and President, said, "Consolidated gross margin in the mid-teens for a third consecutive quarter drove strong EPS performance. Results reflect our continued focus on efficiencies gained over the last several quarters and execution by the team that extends across the full reach of Greenbrier's business."
首席執行官兼總裁洛裏·特科裏烏斯表示：“連續第三個季度在十年中期的合併毛利率推動了強勁的每股收益表現。業績反映了我們對過去幾個季度中提高的效率的持續關注，以及覆蓋Greenbrier業務所有業務範圍的團隊執行力。”
Investors can gain exposure to the stock via First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) and Invesco S&P Smallcap 600 Pure Value ETF (NYSE:RZV).
投資者可以通過第一信託澳大利亞央行美國工業復興ETF（納斯達克股票代碼：AIRR）和景順標普小型股600純價值ETF（紐約證券交易所代碼：RZV）獲得股票敞口。
Also Read: Greenbrier Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
另請閱讀：Greenbrier爲第三季度印刷做準備；以下是華爾街最準確的分析師最近的預測變化
Price Action: GBX shares are down 11.3% at $43.07 at the last check Monday.
價格走勢：週一最後一次檢查時，GBX股價下跌11.3％，至43.07美元。
Read next:
繼續閱讀：
- Greenbrier Companies Remains Poised For Positive Momentum, Says Analyst
- 分析師表示，Greenbrier公司仍有望保持積極勢頭