The Greenbrier Companies, Inc. (GBX) announced on Friday, that their net earnings attributable for the second quarter was $33.4 million, or $1.03 per share. This is an increase from the prior year's quarter which reported earnings of $33.1 million or $0.97 per share.
According to a poll conducted by Thomson Reuters involving five analysts, the company was projected to report earnings of $0.86 per share for the quarter. It's important to note that analysts' estimates generally exclude any special items.
Overall, the total revenue for the quarter dropped to $862.7 million, a decrease from $1.12 billion from the corresponding quarter of the prior year. Despite the drop, the reported revenue exceeded analysts' expectation of $843.28 million for the quarter.
Looking forward to the 2024 fiscal year, Greenbrier Companies is now projecting its revenues to fall between $3.5 billion to $3.7 billion. This is a slight increase from the previous projection, which estimated a revenue between $3.4 billion to $3.7 billion for the fiscal year.
In addition, the Board of the company has declared a quarterly dividend of $0.30 per share. This dividend will be payable to the shareholders recorded as of April 23, 2024, with the payment date set for May 14, 2024.
