Greenbrier Reports Third Quarter Results
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Greenbrier Cos. (GBX) Tops Q3 EPS by 16c, Revenues Miss; Offers FY EPS Outlook Above Consensus
June 29, 2018 6:02 AM EDTGreenbrier Cos. (NYSE: GBX) reported Q3 EPS of $1.30, $0.16 better than the analyst estimate of $1.14. Revenue for the quarter came in at $641.4 million versus the consensus estimate of $662.19 million.
Third Quarter Highlights
Net earnings attributable to Greenbrier for the quarter were $33.0 million, or $1.01 per diluted share, on revenue of $641.4 million. Quarterly results include $9.5 million, net of tax, ($0.29 per share) impact associated with a non-cash goodwill impairment charge recorded by GBW, our 50/50 joint venture with Watco Companies, LLC.Adjusted net earnings attributable to Greenbrier for the quarter were $42.4 million, or $1.30 per diluted... More