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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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Greenbrier Companies Stock Enters Buy Zone – Opportunity Knocks

Black railway tanker cars of the type used to transport petroleum products. Several cars visible on two separate sets of tracks. Identification markings have been removed, only technical infomation remains.

The Greenbrier Companies (NYSE: GBX) stock is returning to the buy zone. The business is boring, and the Q3 release is uninspiring, but neither are reasons for income investors to shed the stock. The results certainly aren’t reasons for its price to drop more than 10%, which is why the stock price correction in GBX is a good buying opportunity to load up on more shares.

While tepid, the Q3 results reveal industry normalization following the supply-chain logjams of 2021 and 2022 and a business shift that drives margin improvement.  The results also come with positive guidance that includes a return to growth for this transportation stock

Because the company makes money, pays a market-beating dividend, and repurchases shares, its stock price should rebound soon. Because the company is returning to growth with record-setting margins, the stock price should be able to sustain a rally and increase to a multi-year high by mid-2025. 

The Greenbrier Companies Widens Margin in Tough Environment

Greenbrier struggled in Q3, with revenue contracting by 22% compared to last year, and missed the consensus by more than 1000 basis points. The weakness is primarily due to normalizing rail traffic and the timing of shipments, which are offset to a degree by the growing rental business. The new car and maintenance services segments declined, but the rental business is booming. The company added 600 cars to its fleet, an increase of 4%, to drive a 25% increase in segment revenue and maintained a near-100% utilization rate. This is important because the rental fleet generates recurring revenue and is a high-margin business. 

Margin news is favorable. The company widened its gross margin by 280 bps YoY to near-record levels. The margin improvement carried through to the bottom line and generated the highest EBITDA and GAAP earnings for more than four years. However, the results failed to impress the market. The earnings were weaker than expected and helped lower the stock price despite the 65% YoY increase.

Guidance suggests a stock price rebound will come soon. The guidance was as expected, with revenue and earnings bracketing the consensus forecast reported by MarketBeat, which is no catalyst for a rally. However, the guidance assumes shipments will improve over the quarter, the full-year outlook was reiterated, and CEO commentary is positive. Ms. Tekorius expects sequential revenue growth in Q4; the market forecasts business growth to continue in F2025 and for YoY growth in the back half of the year. 

The Greenbrier Companies' Capital Return is Safe in 2024

The Greenbrier Company struggled in Q3, but profitability improved, helping sustain balance sheet health and capital returns. While cash decreased, assets and equity improved, providing leverage for revenue and shareholder value. Capital returns include dividends and share repurchases. Share repurchases reduced the count by an average of 4.6% in Q3 and are expected to continue. 

The dividend and valuation make GBX a deep-value/high-yield company compared to the S&P 500. The dividend is worth $1.20 annually or about 2.5%, double the broad market average. Shares are trading near 11x earnings or about half the value of the average S&P 500 company. 

The Greenbrier Companies Sets Up for a Trend-Following Signal

The Greenbrier Companies stock is in a correction but has not broken the trend. The trend was set in 2023 by the institutional investing community, a buyer of this stock. The institutions have bought on balance for five consecutive quarters, helping to lift the market to the high end of a trading range, and will likely support the price now. The risk is that support at the long-term EMA will fail, in which case this stock could pull back to $35 or lower. 

The Greenbrier Companies GBX stock chart

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