The Greenbrier Companies, Inc. (GBX) Q3 2025 Earnings Call Transcript

The Greenbrier Companies, Inc. (NYSE:GBX) Q3 2025 Results Conference Call July 1, 2025 5:00 PM ET

Company Participants

Brian J. Comstock - Executive Vice President & President of The Americas
Justin M. Roberts - VP of Corporate Finance & Investor Relations and Treasurer
Lorie L. Tekorius - President, CEO & Director
Michael J. Donfris - Senior VP & CFO

Conference Call Participants

Bascome Majors - Susquehanna Financial Group, LLLP, Research Division
Kenneth Scott Hoexter - BofA Securities, Research Division

Operator

Hello, and welcome to the Greenbrier Companies Third Quarter 2025 Earnings Conference Call. [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 of Financial Operations, the Americas. Mr. Roberts, you may begin.

Justin M. Roberts

Thank you, Ken. Good afternoon, everyone, and welcome to our third quarter 2025 conference call. Today, I am joined by Lorie Tekorius, Greenbrier's CEO and President; Brian Comstock, Executive Vice President and President of the Americas; and Michael Donfris, Senior Vice President and Chief Financial Officer. Following our update on Greenbrier's Q3 performance and our outlook for the remainder of fiscal '25, we will open up the call for questions. Our earnings release supplemental slide presentation can be found 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 2025 and beyond to differ materially from those expressed in any forward-looking statements made by or on behalf of Greenbrier. Throughout the call today, we will refer to recurring revenue throughout our comments. Recurring revenue is defined