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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
May 31, 2024
May 31, 2023
May 31, 2024
May 31, 2023
Revenue        
Revenue $ 820.2 $ 1,038.1 $ 2,491.7 $ 2,926.6
Cost of revenue        
Cost of revenue 696.4 910.0 2,124.4 2,612.2
Margin 123.8 128.1 367.3 314.4
Selling and administrative expense 59.3 63.3 179.2 175.7
Net gain on disposition of equipment (7.8) (2.3) (12.6) (15.2)
Asset impairment, disposal, and exit costs   16.4   40.6
Earnings from operations 72.3 50.7 200.7 113.3
Other costs        
Interest and foreign exchange 24.7 22.8 72.5 64.0
Earnings before income tax and earnings from unconsolidated affiliates 47.6 27.9 128.2 49.3
Income tax expense (10.7) (3.6) (30.0) (11.7)
Earnings before earnings from unconsolidated affiliates 36.9 24.3 98.2 37.6
Earnings from unconsolidated affiliates 3.7 2.4 9.2 8.6
Net earnings 40.6 26.7 107.4 46.2
Net earnings attributable to noncontrolling interest (6.7) (5.4) (8.9) (8.5)
Net earnings attributable to Greenbrier $ 33.9 $ 21.3 $ 98.5 $ 37.7
Basic earnings per common share $ 1.09 $ 0.67 $ 3.17 $ 1.17
Diluted earnings per common share [1] $ 1.06 $ 0.64 $ 3.05 $ 1.13
Weighted average common shares:        
Basic 31,131 31,757 31,091 32,346
Diluted 32,021 33,571 32,456 33,344
Manufacturing        
Revenue        
Revenue $ 685.1 $ 870.2 $ 2,096.8 $ 2,485.3
Cost of revenue        
Cost of revenue 610.5 786.5 1,867.6 2,292.2
Maintenance Services        
Revenue        
Revenue 69.9 122.9 228.9 306.4
Cost of revenue        
Cost of revenue 61.7 109.8 202.5 279.0
Leasing & Management Services        
Revenue        
Revenue 65.2 45.0 166.0 134.9
Cost of revenue        
Cost of revenue $ 24.2 $ 13.7 $ 54.3 $ 41.0
[1] Diluted earnings per share was calculated as follows:

Earnings before interest and debt issuance costs on the 2.875% convertible notes due 2024

Weighted average diluted common shares outstanding