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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
May 31, 2023
May 31, 2022
May 31, 2023
May 31, 2022
Revenue        
Revenue $ 1,038.1 $ 793.5 $ 2,926.6 $ 2,027.0
Cost of revenue        
Cost of revenue 910.0 717.2 2,612.2 1,848.3
Margin 128.1 76.3 314.4 178.7
Selling and administrative expense 63.3 57.4 175.7 156.4
Net gain on disposition of equipment (2.3) (0.7) (15.2) (34.3)
Asset impairment, disposal, and exit costs 16.4   40.6  
Earnings from operations 50.7 19.6 113.3 56.6
Other costs        
Interest and foreign exchange 22.8 14.9 64.0 39.3
Earnings before income tax and earnings from unconsolidated affiliates 27.9 4.7 49.3 17.3
Income tax expense (3.6) (1.1) (11.7) (2.9)
Earnings before earnings from unconsolidated affiliates 24.3 3.6 37.6 14.4
Earnings from unconsolidated affiliates 2.4 4.0 8.6 10.0
Net earnings 26.7 7.6 46.2 24.4
Net (earnings) loss attributable to noncontrolling interest (5.4) (4.5) (8.5) 2.3
Net earnings attributable to Greenbrier $ 21.3 $ 3.1 $ 37.7 $ 26.7
Basic earnings per common share $ 0.67 $ 0.10 $ 1.17 $ 0.82
Diluted earnings per common share [1] $ 0.64 $ 0.09 $ 1.13 $ 0.79
Weighted average common shares:        
Basic [2] 31,757 32,588 32,346 32,560
Diluted 33,571 33,661 33,344 33,626
Manufacturing        
Revenue        
Revenue $ 870.2 $ 650.9 $ 2,485.3 $ 1,659.1
Cost of revenue        
Cost of revenue 786.5 611.3 2,292.2 1,567.9
Maintenance Services        
Revenue        
Revenue 122.9 101.5 306.4 260.5
Cost of revenue        
Cost of revenue 109.8 91.1 279.0 244.0
Leasing & Management Services        
Revenue        
Revenue 45.0 41.1 134.9 107.4
Cost of revenue        
Cost of revenue $ 13.7 $ 14.8 $ 41.0 $ 36.4
[1] Diluted earnings per share was calculated as follows:

Earnings before interest and debt issuance costs on the 2.875% convertible notes due 2024

Weighted average diluted common shares outstanding

[2] Restricted stock grants and restricted stock units that are considered participating securities, including some grants subject to certain performance criteria, are included in weighted average basic common shares outstanding when the Company is in a net earnings position.