Welcome to our dedicated page for Greenbrier Cos news (Ticker: GBX), a resource for investors and traders seeking the latest updates and insights on Greenbrier Cos stock.
The Greenbrier Companies, Inc. (NYSE: GBX) is regularly featured in corporate news for its role as a leading international supplier of equipment and services to global freight transportation markets. Headquartered in Lake Oswego, Oregon, Greenbrier designs, builds and markets freight railcars in North America, Europe and Brazil, and provides freight railcar wheel services, parts, maintenance, retrofitting, and leasing and management services in North America.
The GBX news feed on Stock Titan highlights earnings announcements, dividend declarations, investor events and corporate governance updates drawn from company press releases and SEC filings. Recent items include quarterly and annual financial results furnished on Form 8-K, cash dividend announcements, and webcasts and conference calls where management discusses financial performance. News also covers Greenbrier’s participation in investment conferences and industry meetings, as well as updates on its Annual Meeting of Shareholders.
Investors following GBX news can track Form 8-K earnings releases, details on cash dividends, and information about shareholder votes on matters such as director elections, stock incentive plans and amendments to articles of incorporation. Coverage also includes announcements related to the company’s investor relations leadership and its engagement with the rail and investment communities through webcasts and conference presentations.
This page aggregates Greenbrier-related headlines so readers can review company-issued updates on financial results, capital return decisions, governance matters and public presentations. For investors and observers of the freight railcar manufacturing and services sector, the GBX news stream offers a focused view of the company’s disclosed developments over time.
The Greenbrier Companies (NYSE: GBX) mourns the passing of board member Patrick J. Ottensmeyer at age 67. Ottensmeyer, who joined Greenbrier's Board in 2023, brought extensive industry and international relations expertise. He served as President and CEO of Kansas City Southern from 2015 to 2023 and played a important role in representing business interests during the creation of the USMCA. Ottensmeyer received numerous industry awards, including the NARS Edward R. Hamberger Lifetime Achievement Award in 2023 and Railway Age's Railroader of the Year in 2020 and 2022. Greenbrier's Board Chair and CEO expressed deep appreciation for Ottensmeyer's contributions to the company, its shareholders, and the broader rail industry.
Greenbrier Companies reported a strong Q3 FY2024 with net earnings of $34 million, or $1.06 per diluted share, on revenue of $820 million. The company achieved its highest EBITDA in over 4.5 years at $104 million, representing 13% of revenue. They received new railcar orders for 6,300 units valued at $830 million and delivered 5,400 units, resulting in a backlog of 29,400 units worth $3.7 billion. Greenbrier's lease fleet grew by 600 units, with a utilization rate of nearly 99%. Operating cash flow was $84 million, and the Board declared a $0.30 per share quarterly dividend. The company updated its 2024 guidance, projecting deliveries of 23,500-24,000 units and revenue of $3.5-$3.6 billion.
Greenbrier Companies (NYSE:GBX) will host a webcast and conference call to discuss its Q3 2024 financial results on July 8, 2024, at 8:00 a.m. PDT. Participants can join via the Greenbrier website or dial-in using the provided numbers. Greenbrier, based in Lake Oswego, Oregon, is a global leader in freight railcar manufacturing and services, with operations in North America, Europe, and Brazil. The company also offers railcar management, regulatory compliance, and leasing services, owning a lease fleet of approximately 14,600 railcars. For more information, visit www.gbrx.com.
Greenbrier Companies (NYSE: GBX) has appointed Michael J. Donfris as Chief Financial Officer (CFO). Donfris, who has nearly 40 years of experience in corporate accounting and finance, will officially assume the CFO role in July after Greenbrier files its Form 10-Q. He previously served as CFO of R.J. Corman Railroad Group, contributing to significant EBITDA growth through strategic planning and transactions. Donfris also held key roles at TrinityRail, where he led initiatives to boost cash flow and revenue. Greenbrier's CEO, Lorie Tekorius, expressed confidence in Donfris's ability to enhance financial operations and contribute to the company's strategic development.
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