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. 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.
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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.