to Good underscore X Together. in we named key several entered several fiscal accomplishments we've beyond believe Justin. Day sets targets presented strategy, April. It's XXXX. Investor strong of XXXX inaugural multi-year into multi-year to aided our in Execution going revenue. after performance, in our plan financial I'm fundamental annual significant record Better at by we're was including morning, you, a months the strategy priorities. The Internally, everyone. momentum XXXX, nearly X Thank with that we hard our which transitional financial period our
manufacturing leadership across First is maintaining geographies. our position
scale and overall on meet will at third enhancement. enterprise. And we leasing efficiency reduce the manufacturing of margin industrial Second, cyclicality and our we of for impact will to needs equal our grow importance, in services our and as footprint optimize we customer's
from the the satisfied, schedules our extremely and As part to foundation foundry laying make the fiscal analyzed don't exit Marine of we sale North Greenbrier operation XXXX, take we're turning stake of of simpler our goals Underlying we production to results venture to we're Turkey.Further, progress full of to well joint results. in minority recap our We're Texas, in others of to our ahead in We resulted joint and and our expect a small internal accomplishments approach acquired the target completion as leasing fully cases, these strategic our in The more and pleased plan. capacity our America our progress our global Gunderson footprint but lease in And profitable. some optimization, never and really with others. caveat. of is in window.So we're ownership as comes partner be our linear, our and manufacturing outcome execute actions our with analysis X-year our a now fundamental venture fleet. a and of a the and the
commercial of generated a quarter, of railcar we're share track.For on we This XX% confidence backlog few the XX. visibility quarter. abilities and orders team provides North product our of breadth fourth us performance last American quarter. in XXXX and this throughout face very particularly and the June our strong the In offerings for billion commend unchanged to their our the of past share revenue in with the as $X demand have of muted I First, business units, intermodal of origination high a the industry from that right excellent outstanding for the prior fiscal quarters, resulted culminating
As XX.X% XX.X% in third the from revenue to quarter. expanded margins remained durable, aggregate gross
from improvement was XX.X%, margin basis point full aggregate margin. gross gross the year, XX-month For is XX the aggregate trailing which a
As of by margin unchanged target manufacturing was fiscal of when Fourth from gross relatively XXXX. our a Day, quarter margin established X.X% gross we aggregate the mid-teen Investor prior quarter.
a However, achieving static footprint positive strengthening was certain peso of there negative movement percentage.The manufacturing partially was margin offset by impact efficiencies. behind the
mentioned problems. the evaluation our earlier, allows in million value manufacturing sale next and bringing resulted while savings foundry our our marine footprint the and year.Greenbrier's returns Gunderson I footprint step approximately into As of generate create the to us manufacturing fiscal $XX permanent solving annual of customer's Texas flexible we of as
life conversions components allow the operating the this the extend and steel discussed, lines brakes, of of is customers overall not and programs benefits fleet.Additionally, consumption. previously railcar For Railcar multiple significantly accommodate wheels, and improving for production while to the North like to earnings, railcar efficiency new American through railcar in large business conversions their included to example, customers reuse the for new recycling reduce of railcars to North fleet activity work accretive And the similar we or recently axles, environment refurbishment is railcar refurbishments this in we've adapted America. but deliveries.
XX% For example, with approximately dimensions. use stretch conversions similar steel railcars built than newly less
also dedicated initiative to railcar Our new occupies production. space previously insourcing line
The reduced This by through our the our in the revenue XX%, compared and the from advancing a of of expected in primary the services about targets and fiscal is though was its now, the and to expect we've last efficiencies services years wheel shortly, solid of dividend we're positive to plan while integral volumes Board and X will that that is allocation. prior resulting within driving XXXX. very $X.XX per and thoughtfully. to our first operations last the market declined pricing strategy achieve cost full great due fourth of decreased component report plan.Returning our strategy dividend phase $XX make-versus-buy in this business.And increased remain and share recurring increased $XX have you result business, leasing This in declared capital the it a parts And place of approach execute was doubling X foundation in Brian explain margin shareholders to operating earnings to our a million is leasing we completed position XX% The across continued this of and as offset seasonality. quarterly recall the impact been revenue as in a by the from basis moving bringing of improved momentum to critical I'm our to even quarter QX. next maintenance over part week, pleased initiative points to maintenance railcar positive in gross accomplished to our XXX expanded to savings are the revenue. years. that quarter.We multi-year fabrication fully conditions in-house subassemblies capital in And for basic may for million
XXXX, the QX in dividend. consecutive Greenbrier's reinstatement its since doubled has quarterly dividend XX dividend and represents Our
also shares during at We attractive repurchased June levels.
million price For and dynamic the economy of share.And per approximately an our geopolitical $XX our full and is average concern. year, for $XX the strife repurchased shares at X.X attention million we broader commands again
However, our positive. remains outlook
and We continue new bills railcar to demand expect America to renewals. across strong see and types, Europe North lease underpinning both
it's the we We progress can on potential We're maximizing and in focused long-term targets. because presented on have strategy the at our we towards things Day are for near-term excellent we focused confident Investor fiscal I'll multi-year over as our the our the platform's control XXXX of rest Brian, I it progress activity. forward and and reliant calls.And an our who sharing now, future the on optimistic to on team elaborate on turn will not overly demand and railcar to look leasing demand visibility scenario.
