The Greenbrier Companies, Inc. (NYSE:GBX) Q3 2024 Earnings Conference Call July 8, 2024 11:00 AM ET

Company Participants

Justin Roberts - VP, Corporate Finance & Treasurer
Lorie Tekorius - President & CEO
Brian Comstock - EVP & President, The Americas
Michael Donfris - SVP & CFO

Conference Call Participants

Jacob Moore - KeyBanc Capital Markets
Bascome Majors - Susquehanna
Ken Hoexter - Bank of America

Operator

Hello, and welcome to The Greenbrier Companies Third Quarter Fiscal 2024 Earnings Conference Call. Following today’s presentation, we will conduct a question-and-answer session, each analyst should limit themselves to one question, with a follow-up if needed. Until that time, all lines will be in a listen-only mode. At the request of The Greenbrier Companies, this conference call is being recorded for instant replay purposes.

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

Justin Roberts

Thank you, Jamie. Good morning, everyone, and welcome to our third quarter of fiscal 2024 conference call. Today, I’m joined by Lori Tekorius, Greenbrier's CEO and President; Brian Comstock, President of the Americas; and Michael Donfris, Senior Vice President, Finance and soon to be CFO. Following our update on Greenbrier's Q3 performance and an update on our outlook for the remainder of fiscal '24, 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. Additionally, we will refer to recurring revenue throughout our comments today. Recurring revenue is defined as leasing and management services revenue, excluding the impact of syndication activity.

And with that, I'll hand the call over to Lori.

Lorie Tekorius

Thank you, Justin. Good morning, everyone. I hope everyone had a safe and cool independence day. Before we launch into our quarterly results, I'd like to introduce Michael Donfris. As we announced in May, Michael has joined us as our new CFO. He brings considerable experience in leading financial operations and implementing strategy at major industrial businesses, including those operating in rail freight and equipment markets. Although, Michael is with us here today, he gets a pass on Q3 results. But as he comes up to speed on Greenbrier, you can expect him to be a full participant when we discuss year-end results in October. I'll go ahead and get us started.