Last10K.com

Greenbrier Companies Inc (GBX) SEC Filing 10-K Annual report for the fiscal year ending Friday, August 31, 2018

Greenbrier Companies Inc

CIK: 923120 Ticker: GBX

Exhibit 99.1

 

News Release    LOGO
One Centerpointe Drive Suite 200 Lake Oswego, Oregon 97035 503-684-7000   www.gbrx.com

 

For release:   October 26, 2018, 6:00 a.m. EDT
   Contact:    Lorie Tekorius, Investor Relations
        Justin Roberts, Investor Relations
        503-684-7000

Greenbrier Reports Fourth Quarter and Fiscal Year Results

~ Orders for 9,300 units valued at over $1.0 billion ~

~ Backlog grows to nearly $3.0 billion; Book-to-bill of 1.6x ~

~ Earnings performance third best in Greenbrier history ~

~ Earnings guidance for Fiscal 2019 of $4.20 – $4.40 per share; Increase from

2018 Adjusted EPS ~

Lake Oswego, Oregon, October 26, 2018 – The Greenbrier Companies, Inc. (NYSE: GBX) today reported financial results for its fourth fiscal quarter and year ended August 31, 2018.

Fourth Quarter Highlights

 

   

Net earnings attributable to Greenbrier for the quarter were $30.9 million, or $0.94 per diluted share, on revenue of $689.2 million.

 

   

Adjusted EBITDA for the quarter was $75.3 million, or 10.9% of revenue.

 

   

New railcar deliveries totaled 6,000 units for the quarter.

 

   

Diversified orders of 9,300 railcars were received during the quarter, valued at over $1.0 billion. Sequential increase in book-to-bill to 1.6x from 1.1x in the third quarter.

 

   

New railcar backlog was 27,400 units with an estimated value of $2.7 billion.

 

   

Board declares a quarterly dividend of $0.25 per share, payable on December 5, 2018 to shareholders of record as of November 14, 2018.

Fiscal Year 2018 Highlights

 

   

Net earnings attributable to Greenbrier for the year were $151.8 million, or $4.68 per diluted share, on revenue of $2.5 billion. Adjusted net earnings attributable to Greenbrier for the year were $133.9 million, or $4.13 per diluted share.

 

($ in millions except per share)

   Net earnings attributable
to Greenbrier
     Diluted EPS  

Unadjusted (GAAP)

   $ 151.8      $ 4.68  

GBW goodwill impairment

     9.5        0.29  

Non-recurring tax benefit

     (27.4      (0.84
  

 

 

    

 

 

 

Adjusted

   $ 133.9      $ 4.13  
  

 

 

    

 

 

 

 

   

Adjusted EBITDA for the year was $318.2 million, or 12.6% of revenue.

 

   

New railcar deliveries totaled 20,900 units for the year.

 

- More -


The following information was filed by Greenbrier Companies Inc (GBX) on Friday, October 26, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Greenbrier Companies Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Greenbrier Companies Inc.

Continue

Assess how Greenbrier Companies Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Greenbrier Companies Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
M & A
Other
Filter Subcategory:
All
Earnings
Product
Geography
Cash Flow
Expense
Debt
Shares
Income
Other
Inside Greenbrier Companies Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (Parenthetical)
Consolidated Statements Of Equity
Consolidated Statements Of Income
Accounts Payable And Accrued Liabilities
Accounts Payable And Accrued Liabilities (Tables)
Accounts Payable And Accrued Liabilities - Accounts Payable And Accrued Liabilities (Detail)
Acquisitions
Acquisitions (Tables)
Acquisitions - Additional Information (Detail)
Acquisitions - Preliminary Allocation Of Purchase Price Based On Fair Value Of Net Assets Acquired (Detail)
Acquisitions - Purchase Price Of Net Assets Acquired (Detail)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (Detail)
Customer Concentration
Customer Concentration - Additional Information (Detail)
Derivative Instruments
Derivative Instruments (Tables)
Derivative Instruments - Additional Information (Detail)
Derivative Instruments - Effect Of Derivative Instruments On Consolidated Statements Of Income (Detail)
Derivative Instruments - Fair Values Of Derivative Instruments (Detail)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Approach To Calculate Diluted Earning Per Share (Detail)
Earnings Per Share - Reconciliation Of Shares Used In Computation Of Basic And Diluted Earnings Per Common Share (Detail)
Earnings Per Share - Reconciliation Of Shares Used In Computation Of Basic And Diluted Earnings Per Common Share (Parenthetical) (Detail)
Equipment On Operating Leases, Net
Equipment On Operating Leases, Net (Tables)
Equipment On Operating Leases, Net - Additional Information (Detail)
Equipment On Operating Leases, Net - Aggregate Minimum Future Amounts Receivable Under All Non-Cancelable Operating Leases And Subleases (Detail)
Equity
Equity (Tables)
Equity - Additional Information (Detail)
Equity - Summary Of Restricted Stock Share And Restricted Stock Unit Grant Transactions For Shares, Both Vested And Unvested (Detail)
Fair Value Measures
Fair Value Measures (Tables)
Fair Value Measures - Assets And Liabilities Measured At Fair Value On Recurring Basis (Detail)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (Tables)
Fair Value Of Financial Instruments - Fair Value Of Financial Instruments (Detail)
Goodwill
Goodwill (Tables)
Goodwill - Schedule Of Changes In Carrying Value Of Goodwill (Detail)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Components Of Income Tax Expense Of Continuing Operations (Detail)
Income Taxes - Reconciliation Between Effective And Statutory Tax Rates On Continuing Operations (Detail)
Income Taxes - Tax Effects Of Temporary Differences That Give Rise To Significant Portions Of Deferred Tax Assets And Deferred Tax Liabilities (Detail)
Income Taxes - Unrecognized Tax Benefits (Detail)
Intangibles And Other Assets, Net
Intangibles And Other Assets, Net (Tables)
Intangibles And Other Assets, Net - Additional Information (Detail)
Intangibles And Other Assets, Net - Identifiable Intangible And Other Assets (Detail)
Inventories
Inventories (Tables)
Inventories - Components Of Inventories (Detail)
Inventories - Inventory Valuation (Detail)
Investments In Unconsolidated Affiliates
Investments In Unconsolidated Affiliates (Tables)
Investments In Unconsolidated Affiliates - Additional Information (Detail)
Investments In Unconsolidated Affiliates - Schedule Of Summarized Financial Data (Detail)
Investments In Unconsolidated Affiliates - Schedule Of Summarized Financial Data (Parenthetical) (Detail)
Lease Commitments
Lease Commitments (Tables)
Lease Commitments - Additional Information (Detail)
Lease Commitments - Aggregate Minimum Future Amounts Payable Under Non-Cancelable Operating Leases (Detail)
Lease Commitments - Aggregate Minimum Future Amounts Payable Under Non-Cancelable Railcar Equipment Leases (Detail)
Maintenance And Warranty Accruals
Maintenance And Warranty Accruals (Tables)
Maintenance And Warranty Accruals - Warranty Accruals Activity (Detail)
Nature Of Operations
Nature Of Operations - Additional Information (Detail)
Notes Payable, Net
Notes Payable, Net (Tables)
Notes Payable, Net - Additional Information (Detail)
Notes Payable, Net - Notes Payable, Net (Detail)
Notes Payable, Net - Principal Payments On Notes Payable (Detail)
Notes Payable, Net - Principal Payments On Notes Payable (Parenthetical) (Detail)
Property, Plant And Equipment, Net
Property, Plant And Equipment, Net (Tables)
Property, Plant And Equipment, Net - Additional Information (Detail)
Property, Plant And Equipment, Net - Property, Plant And Equipment, Net (Detail)
Quarterly Results Of Operations (Unaudited)
Quarterly Results Of Operations (Unaudited) (Tables)
Quarterly Results Of Operations (Unaudited) - Quarterly Results Of Operations (Detail)
Related Party Transactions
Related Party Transactions - Additional Information (Detail)
Revolving Notes
Revolving Notes - Additional Information (Detail)
Segment Information
Segment Information (Tables)
Segment Information - Additional Information (Detail)
Segment Information - Reconciliation Of Earnings From Operations To Earnings Before Income Tax And Earnings (Loss) From Unconsolidated Affiliates (Detail)
Segment Information - Results Of Operations For Gbw Joint Venture (Detail)
Segment Information - Segments Internal Financial Reports (Detail)
Segment Information - Summary Of Geographic Information (Detail)
Subsequent Events
Subsequent Events - Additional Information (Detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Detail)
Summary Of Significant Accounting Policies - Allowance For Doubtful Accounts (Detail)
Summary Of Significant Accounting Policies - Amounts Reclassified Out Of Accumulated Other Comprehensive Loss (Detail)
Summary Of Significant Accounting Policies - Components Of Accumulated Other Comprehensive Loss, Net Of Tax (Detail)
Summary Of Significant Accounting Policies - Estimated Useful Lives (Detail)
Summary Of Significant Accounting Policies - Interest And Foreign Exchange (Detail)
Ticker: GBX
CIK: 923120
Form Type: 10-K Annual Report
Accession Number: 0001193125-18-309099
Submitted to the SEC: Fri Oct 26 2018 12:13:19 PM EST
Accepted by the SEC: Fri Oct 26 2018
Period: Friday, August 31, 2018
Industry: Railroad Equipment

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/gbx/0001193125-18-309099.htm