Published on 1 May 2024 on GuruFocus.com via Yahoo Finance
Revenue: Reported $810 million, an increase of 26% year-over-year, exceeding the estimate of $750.97 million.Earnings Per Share (EPS): Achieved $0.33 per diluted share, surpassing the estimated $0.22.Net Income: Reached $28 million from continuing operations, significantly above the estimated $17.17 million.Free Cash Flow: Generated $57 million in operating cash flow and $12 million in adjusted free cash flow.Railcar Deliveries: Delivered 4,695 railcars during the quarter, contributing to revenue growth.Lease Fleet Utilization: Maintained a high utilization rate of 97.5%.Backlog: Ended the quarter with a strong backlog valued at $2.9 billion, indicating sustained future revenues.
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