Excerpt from the earnings transcript:
Management Quotes "Third quarter revenue was $433.7 million and our EBITDA for the quarter was 39.6 million or 9.1% of revenue, up sequentially from Q2 EBITDA margin of 8.6% of revenue. Net earnings for the quarter were $0.50 per diluted share excluding goodwill impairment charge related to what we now refer to as our Wheels Repair & Parts segment. This impairment charge was 71.8 million net of tax but incidentally the change in what we've refer to this segment is only a name change that will better describes that segment as compared to any kind of sort of re-classifications within the segment.
Results for the quarter also include 1.6 million after tax charge of $0.5 a share related to balance sheet adjustment to the certain wheel and repair shop location. Despite some headwinds near-term in manufacturing and in the Wheel Repair & Parts segment during the quarter, we saw sequential improvement in margin in both of these segments.
Since June 1st, the beginning of our fourth quarter, we've received orders for in additional 2,100 railcars valued at over 150 million and our orders continue to trend up with the diversified range of railcar types and paying cars only accounted for only 37% of the orders and the first part of Q4. during the quarter we also diversified our offerings with the success from inflexion of our new Multi-Max auto car which continues to receive strong interest. "
http://www.earningsimpact.com/Transcript/81825/GBX/Greenbrier-Companies%2c-Inc---Q3-2013-Earnings-Call
Management Quotes "Third quarter revenue was $433.7 million and our EBITDA for the quarter was 39.6 million or 9.1% of revenue, up sequentially from Q2 EBITDA margin of 8.6% of revenue. Net earnings for the quarter were $0.50 per diluted share excluding goodwill impairment charge related to what we now refer to as our Wheels Repair & Parts segment. This impairment charge was 71.8 million net of tax but incidentally the change in what we've refer to this segment is only a name change that will better describes that segment as compared to any kind of sort of re-classifications within the segment.
Results for the quarter also include 1.6 million after tax charge of $0.5 a share related to balance sheet adjustment to the certain wheel and repair shop location. Despite some headwinds near-term in manufacturing and in the Wheel Repair & Parts segment during the quarter, we saw sequential improvement in margin in both of these segments.
Since June 1st, the beginning of our fourth quarter, we've received orders for in additional 2,100 railcars valued at over 150 million and our orders continue to trend up with the diversified range of railcar types and paying cars only accounted for only 37% of the orders and the first part of Q4. during the quarter we also diversified our offerings with the success from inflexion of our new Multi-Max auto car which continues to receive strong interest. "
http://www.earningsimpact.com/Transcript/81825/GBX/Greenbrier-Companies%2c-Inc---Q3-2013-Earnings-Call
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