The Greenbrier Companies, Inc. reported unaudited consolidated earnings results for the first quarter ended of November 30, 2017. For the quarter, the company reported revenue of $559,535,000 compared to $552,314,000 a year ago. Earnings from operations were $61,442,000 compared to $72,660,000 a year ago. Earnings before income tax and earnings from unconsolidated affiliates was $54,422,000 compared to $70,936,000 a year ago. Net earnings were $33,377,000 compared to $47,966,000 a year ago. Net earnings attributable to the company were $26,253,000 compared to $24,962,000 a year ago. Diluted earnings per common share were $0.83 compared to $0.79 a year ago. Net cash used in operating activities was $39,654,000 compared to net cash provided by operating activities of $31,826,000 a year ago. Capital expenditures were $29,893,000 compared to $12,584,000 a year ago. Adjusted EBITDA was $76,902,000. Adjusted net earnings attributable to the company was $26,253,000 or $0.83 per diluted share. Adjusted net earnings attributable to company was $26,253,000 or $0.83 per diluted share.

For the full year of 2018, the company expects deliveries will be approximately 20,000 to 22,000 units including Greenbrier-Maxion (Brazil) which will account for up to 10% of deliveries. Revenue expected to be in the range of $2.4 billion to $2.6 billion. Diluted EPS expected to be $4.00.