About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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All-Aboard! Greenbrier Companies Breaks Out, New Highs Ahead

Scenic scene of train moving fast, trees and lake. Greenbrier Companies Breaks Out, New Highs Ahead

It is an exciting time for Greenbrier Companies (NYSE: GBX) investors, although it isn't exactly an exciting company. The business manufactures, markets, services and leases railroad cars. The takeaway from the FQ2 results is that business is solid, and the outlook is firming: an outlook for sustained operational quality, a pivot back to growth and widening margins. What this means for investors is that the lightly-valued, 2.25% yielding stock is on track to continue rallying higher in 2024 and will likely set new long-term highs by year end. 

Greenbrier Companies Exceeds Expectations and Guides Higher

Greenbrier Companies had a decent quarter in Q2 despite the YOY decline in business. The decline is primarily due to transportation market normalization following the supply chain hiccups of 2021 and 2023, and a revenue trough is forming. The $863 million in net revenue is 250bps better than expected, and the margin details are also solid. All operating segments were strong, with sequential growth in the primary manufacturing segment approaching 10%. 

The margin is good. The company experienced some contraction sequentially, but the margin expanded compared to last year, providing a slight earnings growth on the bottom line. The GAAP $1.03 is 13 cents better than the consensus reported by Marketbeat and two cents better than last year. 

New Orders, Backlog and guidance all support the outlook for continued sequential improvement and a pivot back to growth. New orders grew by 5,900 units and outpaced deliveries. The net increase in new orders increased the backlog, which stands at 29,200 units and is rising. The backlog is enough to sustain operations at current levels for nearly 18 months and plays into the guidance. 

The company raised its guidance for FY revenue and earnings to a range with a midpoint above the consensus, and guidance may be cautious due to underlying business momentum and the FOMC. The timing of FOMC rate cuts is questionable, but cuts are coming and will accelerate economic activity when they do. Until then, economic activity is resilient. 

Greenbrier's Capital Returns Are Safe for 2024 and 2025

Greenbrier offers a value-yield opportunity that income investors will like. The stock yields about 2.25%, trading at only 12.7x its earnings outlook, which is favorable. The yield is only 30% of earnings, with earnings forecast to grow this year and next. The balance sheet is healthy, bordering on fortress quality, with net debt running at 1x equity and 0.25x assets. 

The company's cash flow also allows for share repurchases, which have the average diluted count down by 3.7% at the end of the quarter. Because the company's balance sheet and cash flow are unencumbered and it increased the distribution last year, there is a chance GBX stock will raise the distribution again this year. If so, it will likely happen at the end of the current quarter when Q3 results are released.  

Analysts Lead GBX Stock to New Highs

Analysts' sentiment in GBX stock is shifting for the better and leading the market higher. The post-release activity has the sentiment up to Hold from Reduce and the price target rising. The consensus lags behind the market but is up 25% in 30 days, with the freshest targets ranging from $60 to $65. A move to $60 is worth more than 1000bps and puts the stock at a five-year high, on track for a fresh decade high. 

The insiders are a risk, as they own about 2.55% of the company and are selling into the rally. They are unlikely to cap gains indefinitely but may cause volatility as the market advances. Institutional activity offsets the insiders' buying and has their ownership on the rise. Institutions own nearly 96% of the stock and are unlikely sellers because of the outlook for operations, cash flow and capital returns. 

Chart showing how GBX moves to new highs after solid results and analysts raise price targets

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