The Greenbrier Companies, Inc. supplies equipment and services to global freight transportation markets, with operations in freight railcar manufacturing, leasing and fleet management. Through subsidiaries and joint ventures, Greenbrier designs, builds and markets freight railcars in North America, Europe and Brazil, and provides wheel services, parts, maintenance and retrofitting services in North America.
Greenbrier news commonly covers fiscal results, railcar order and delivery activity, lease fleet financing, railcar asset-backed securities, term-loan arrangements, quarterly dividends and investor-relations updates. Company announcements also address railcar management, regulatory compliance services and developments tied to freight rail industry demand.
Greenbrier (NYSE:GBX) has released its 2024 Sustainability Update, 'On Track Together,' highlighting significant environmental and social achievements. The company recycled 25,000 tons of materials through railcar restoration and increased its recycled steel usage to 56% for new manufacturing. Notable achievements include 35% renewable energy usage in U.S. operations and nearly $800,000 in charitable giving. The report received multiple sustainability recognitions from major railway companies and media organizations. Greenbrier achieved a 94% response rate in its global employee survey and implemented new risk management systems for compliance monitoring. The company plans to transition to ISSB's IFRS S1 and S2 standards following TCFD's disbandment in 2024.
The Greenbrier Companies (NYSE:GBX) has announced its fourth quarter and fiscal year 2024 financial results. The company will host a live audio webcast at 2:00 p.m. Pacific Time to discuss these results. Greenbrier is a leading international supplier of equipment and services to global freight transportation markets, with operations in North America, Europe, and Brazil. The company designs and builds freight railcars, provides wheel services, maintenance, and retrofitting services, and owns a lease fleet of approximately 15,200 railcars.
The Greenbrier Companies (NYSE: GBX) has declared a quarterly cash dividend of $0.30 per share. This dividend will be payable on November 27, 2024, to stockholders of record as of November 6, 2024. The announcement, made on October 18, 2024, from Lake Oswego, Oregon, demonstrates Greenbrier's commitment to providing regular returns to its shareholders.
The Greenbrier Companies, Inc. (NYSE:GBX) has announced that it will release its Fourth Quarter and Fiscal Year 2024 financial results after market close on Wednesday, October 23, 2024. The company will host a conference call at 2:00 p.m. PDT to discuss the results. Interested parties can access the webcast and earnings release on Greenbrier's website, www.gbrx.com. The webcast will be archived for 30 days.
For those preferring to dial in, the numbers are 1-888-317-6003 for domestic callers and 1-412-317-6061 for international callers, with the entry number "1249872". Callers are advised to connect 10-15 minutes before the call starts.
Greenbrier, based in Lake Oswego, Oregon, is a leading international supplier of equipment and services to global freight transportation markets. The company designs, builds, and markets freight railcars in North America, Europe, and Brazil, and provides railcar wheel services, parts, maintenance, and retrofitting services in North America.
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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