Greenbrier Cos Inc Stock Price, News & Analysis

The Greenbrier Companies (NYSE: GBX) held its inaugural Investor Day on April 12, 2023, in New York, where leadership discussed the company's strong market position and strategic priorities. CEO Lorie Tekorius highlighted plans to enhance financial performance through various initiatives, targeting a 100% increase in annual recurring revenue from the Leasing and Management Services segment and aiming for a gross margin in the mid-teens by fiscal 2026. The company also emphasized its leadership in freight railcar manufacturing across North America, Europe, and Brazil, alongside growth in its lease fleet and commitment to balanced capital allocation to return value to shareholders.

Greenbrier reported a strong second fiscal quarter ending February 28, 2023, with a GAAP EPS of $0.97 and an adjusted EPS of $0.99, excluding related costs.

New railcar orders totaled 4,500 units valued at $580 million, increasing the backlog to 25,900 units worth approximately $3.1 billion. The company's liquidity improved to $816 million, with $380 million in cash.

Net earnings reached $33 million, on revenue of $1.1 billion, driven by increased deliveries and improved margins across all segments. Greenbrier also announced a quarterly dividend of $0.27 per share, marking its 36th consecutive quarterly distribution.

Upcoming Investor Day on April 12, 2023, will unveil multi-year strategic updates.

The Greenbrier Companies (NYSE: GBX) has declared a quarterly cash dividend of $0.27 per share, set to be paid on May 16, 2023. This dividend will benefit stockholders who are on record as of April 25, 2023. Greenbrier, based in Lake Oswego, Oregon, is a prominent international supplier of freight transportation equipment and services. The company is engaged in designing, manufacturing, and marketing freight railcars and marine barges across North America, Europe, and Brazil, managing a substantial fleet and providing comprehensive rail-related services.

The Greenbrier Companies (NYSE: GBX) has announced significant orders for 4,500 railcars valued at $580 million during its fiscal second quarter, which ended February 28, 2023. The company anticipates a revenue of approximately $1.1 billion for the quarter and a GAAP EPS of $0.95 to $1.00. CEO Lorie L. Tekorius highlighted Greenbrier's strong market position in freight railcar sales and leasing. The company will announce detailed fiscal results on April 10 and further insights during the Investor Day on April 12.

The Greenbrier Companies (NYSE: GBX) will host an Investor Day on April 12, 2023, in New York, NY. CEO Lorie L. Tekorius and other executives will discuss the company’s business strategy, market position, and future growth plans. Attendance is by invitation only due to limited capacity, with institutional investors required to register via email. A live webcast will be available on Greenbrier's investor relations website, along with presentation materials, and a replay will follow after the event. Greenbrier is a leading global supplier of freight railcar and marine barge solutions, managing a vast fleet of railcars.

The Greenbrier Companies (NYSE:GBX) announced the passing of Board member David L. Starling at the age of 73. Starling, who had been with the board since 2017 and was recently re-elected with over 98% shareholder support, contributed significantly to the company during pivotal moments, including the acquisition of American Railcar Industries and navigating the impacts of COVID-19. His extensive experience in the rail industry, including a former role as President and CEO of Kansas City Southern, greatly benefited Greenbrier. The company extends condolences to his family and acknowledges his lasting impact on the board and the broader rail community.