The Greenbrier Companies Inc. reported its financial results for the third fiscal quarter ended May 31, 2025. The company recorded net earnings attributable to Greenbrier of $60 million, or $1.86 per diluted share, on revenue of $843 million. This represents an increase from the previous quarter, where core net earnings were $56.1 million and core diluted EPS stood at $1.69. Greenbrier's operating margin was reported at $93 million, or 11% of revenue, while EBITDA reached $129 million, equating to 15% of revenue. The company also highlighted an aggregate gross margin of 18%, marking the seventh consecutive quarter of achieving or surpassing its mid-teens gross margin target. Operating cash flow was nearly $140 million, reflecting increased earnings and working capital efficiencies. In terms of business and operational updates, Greenbrier emphasized progress on initiatives such as footprint optimization in Europe, insourcing expansion in Mexico, and disciplined execution in its Leasing & Fleet Management segment, which is contributing to recurring revenue growth. The company provided an updated outlook for fiscal 2025, raising its margin guidance while affirming its outlook on deliveries and revenue. Greenbrier also noted the renewal and extension of two key North American credit facilities during the quarter, which further solidified its financial flexibility.