XML 13 R4.htm IDEA: XBRL DOCUMENT v3.24.1
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Feb. 29, 2024
Feb. 28, 2023
Revenue        
Revenue $ 862.7 $ 1,122.0 $ 1,671.5 $ 1,888.5
Cost of revenue        
Cost of revenue 740.5 1,005.2 1,428.0 1,702.2
Margin 122.2 116.8 243.5 186.3
Selling and administrative expense 63.6 59.0 119.9 112.4
Net gain on disposition of equipment (4.9) (9.6) (4.8) (12.9)
Impairment of long-lived assets       24.2
Earnings from operations 63.5 67.4 128.4 62.6
Other costs        
Interest and foreign exchange 24.6 21.6 47.8 41.2
Earnings before income tax and earnings from unconsolidated affiliates 38.9 45.8 80.6 21.4
Income tax expense (9.3) (11.9) (19.3) (8.1)
Earnings before earnings from unconsolidated affiliates 29.6 33.9 61.3 13.3
Earnings from unconsolidated affiliates 4.0 2.9 5.5 6.2
Net earnings 33.6 36.8 66.8 19.5
Net earnings attributable to noncontrolling interest (0.2) (3.7) (2.2) (3.1)
Net earnings attributable to Greenbrier $ 33.4 $ 33.1 $ 64.6 $ 16.4
Basic earnings per common share $ 1.08 $ 1.01 $ 2.08 $ 0.5
Diluted earnings per common share [1] $ 1.03 $ 0.97 $ 1.99 $ 0.49
Weighted average common shares:        
Basic 31,117 32,588 31,071 32,654
Diluted 32,570 34,400 32,676 33,654
Manufacturing        
Revenue        
Revenue $ 735.8 $ 968.6 $ 1,411.7 $ 1,615.1
Cost of revenue        
Cost of revenue 656.2 901.2 1,257.1 1,505.7
Maintenance Services        
Revenue        
Revenue 75.2 98.0 159.0 183.5
Cost of revenue        
Cost of revenue 69.2 89.6 140.8 169.2
Leasing & Management Services        
Revenue        
Revenue 51.7 55.4 100.8 89.9
Cost of revenue        
Cost of revenue $ 15.1 $ 14.4 $ 30.1 $ 27.3
[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