Greenbrier Q2 Beats on EPS, Misses on Revenue

By Eric Volkman – Apr 4, 2013 at 10:01PM

NYSE: GBX

Greenbrier Companies

Market Cap

$2B

Today's Change

(3.09%) $1.59

Current Price

$53.12

Price as of April 23, 2024, 3:39 p.m. ET

The railcar maker's profit impresses, while its top line disappoints.

Greenbrier's (GBX 3.09%) results for the company's Q2 2013 have been released. For the quarter, revenue totaled $423 million, which was more than $35 million lower than the $458 million in the same period the previous year. Attributable net profit was also down, landing at $13.8 million ($0.45 per diluted share), from Q2 2012's bottom line of $17.7 million ($0.57).

The revenue figure fell short of analyst estimates, while the EPS number exceeded them. Expectations were for $443 million in top line, and a per-share net of $0.37.

Greenbrier also provided forward guidance. The company believes it will deliver roughly 13,000 railcar units in fiscal 2013, and post revenue, adjusted EBITDA, and EPS similar to the previous year.

Fool contributor Eric Volkman has no position in Greenbrier. The Motley Fool has no position in Greenbrier. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.