The Greenbrier Companies, Inc. (NYSE:GBX) Q2 2024 Earnings Conference Call April 5, 2024 11:00 AM ET

Company Participants

Justin Roberts - Vice President of Corporate Finance and Treasurer
Lorie Tekorius - President and Chief Executive Officer
Brian Comstock - Executive Vice President and President, The Americas
Adrian Downes - Senior Vice President and Chief Financial Officer

Conference Call Participants

Justin Long - Stephens Inc.
Matthew Elkott - TD Cowen
Harrison Bauer - Susquehanna Financial Group
Ken Hoexter - Bank of America Merrill Lynch
Steve Barger - KeyBanc Capital Markets

Operator

Hello, and welcome to the Greenbrier Companies Second Quarter of Fiscal 2024 Earnings Conference Call. Following today's presentation, we will conduct a question-and-answer session. [Operator Instructions] At the request of the Greenbrier Companies, this conference call is being recorded for instant replay purposes.

At this time, I would like to turn the conference over to Mr. Justin Roberts, Vice President and Treasurer. Mr. Roberts, you may begin.

Justin Roberts

Thank you, Gary. Good morning, everyone, and welcome to our second quarter of fiscal 2024 conference call. Today, I'm joined by Lorie Tekorius, Greenbrier's CEO and President; Brian Comstock, Executive Vice President and President of The Americas; and Adrian Downes, Senior Vice President and CFO.

Following our update on Greenbrier's Q2 performance and an update on our outlook for the remainder of fiscal 2024, we will open up the call for questions. In addition to the press release issued this morning, additional financial information and key metrics can be found in a slide presentation posted today on the IR section of our website.

Matters discussed on today's conference call include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Throughout our discussion today, we will describe some of the important factors that could cause Greenbrier's actual results in 2024 and beyond to differ materially from those expressed in any forward-looking statement made by or on behalf of Greenbrier.

You will also notice that today, we will refer to the word recurrent revenue throughout our presentation and comments today. Recurring revenue is defined as leasing and management services revenue that excludes the impact of syndication activity.

And with that, I will turn it over to Lorie.

Lorie Tekorius

Thank you, Justin, and good morning, everyone. Greenbrier once again delivered strong performance as we move through our fiscal year. We are seeing operating efficiencies continue to improve, and we are progressing on our organization-wide initiatives. We have good momentum as we head into the second half of our year and beyond. We remain confident in Greenbrier's multi-year Better Together strategy and the three fundamental priorities underlying it.