Filing Flows › Greenbrier Companies (GBX) › Q2 FY25
Greenbrier Companies (GBX) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Apr 8, 2025
Greenbrier Companies (GBX) reported revenue of $762M for the second quarter fiscal 2025 (Q2 FY25), -12% from a year earlier and -13% from the quarter before. Operating margin was 11.0%, net earnings $51.9M (6.8% of revenue).
Greenbrier Companies, Q2 FY25: revenue $762M (-12% year over year), operating margin 11.0%, net earnings $51.9M, operating cash flow $93.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $762M | -13% | -12% |
| Gross profit | $139M | -20% | +13% |
| Operating profit | $83.6M | -25% | +32% |
| Net earnings | $51.9M | -6% | +55% |
| Operating cash flow | $93.6M | — | -6% |
| Free cash flow | $26.3M | — | — |
What changed
Revenue was $762.1M in Q2 FY25, down 12% year over year and down 13% from the previous quarter. Manufacturing was the largest line at 92% of revenue. Manufacturing lost $110.7M year over year (down 14%), 110% of the total change.
Gross margin was 18.2%, up 4.0 points from a year earlier. Operating profit was $83.6M, a 11.0% margin (up 3.6 points year over year). Operating expenses fell 6% while revenue fell 12%. Net earnings were $51.9M, up 55% year over year ($46.2M including minority interests, which bore $5.7M of losses). The effective tax rate was 30.2%.
Operating cash flow was $93.6M (down 6% year over year), 203% of net income including minority interests. Non-cash charges added back $30.4M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items added $12.5M. Capital expenditures of $67.3M left free cash flow of $26.3M.
Questions
What was Greenbrier Companies' revenue in the second quarter fiscal 2025?
Greenbrier Companies (GBX) reported revenue of $762M for the second quarter fiscal 2025 (Q2 FY25), -12% from a year earlier and -13% from the quarter before.
Was Greenbrier Companies profitable in the second quarter fiscal 2025?
Operating profit was $83.6M (11.0% of revenue) and net earnings $51.9M.