Greenbrier Cos Inc Stock Price, News & Analysis

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.

Greenbrier reported its Q1 FY23 results with net loss of $17 million or $0.51 per share, impacted by a $24 million non-cash impairment. Despite challenges, the company secured 5,600 new railcar orders worth $700 million and maintained a robust backlog of 28,300 railcars valued at $3.4 billion. Adjusted EPS was $0.05. Liquidity stands strong at $477 million. The board declared a quarterly dividend of $0.27 per share and extended a $100 million share repurchase program. Expectations for full-year revenue are between $3.2 billion and $3.6 billion.

The Longwood Group announced the successful sale of its interest in GBX Leasing, LLC, a joint venture with Greenbrier Companies (NYSE: GBX). Established in February 2021, GBXL has expanded to over 4,500 leased railcars, significantly exceeding initial investment expectations. Longwood's strategic guidance has capitalized on favorable market conditions, benefiting both Greenbrier shareholders and Longwood investors. GBXL continues as a wholly-owned subsidiary of Greenbrier, enhancing its leasing strategy and value proposition for customers.

Greenbrier has acquired a 100% interest in GBX Leasing from The Longwood Group, enhancing its railcar leasing operations. This move aligns with Greenbrier's strategy to grow its lease fleet and diversify its revenue streams. GBXL, now wholly owned, previously delivered stable cash flows, complementing Greenbrier's cyclical manufacturing revenues. The acquisition strengthens Greenbrier's market presence and value proposition, benefiting shareholders and customers alike.

The Greenbrier Companies (NYSE: GBX) announced a conference call to discuss its financial results for the first quarter ended November 30, 2022. The call is scheduled for January 6, 2023, at 8:00 a.m. PDT. Interested parties can access the live webcast on the company's website or dial in using specific phone numbers. Greenbrier is a leading global supplier of freight railcars and related services, managing a fleet of over 408,000 railcars and leasing approximately 12,200 railcars through its subsidiary, GBXL.