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) announced a new $150 million term loan aimed at financing the growth of its leasing fleet. The loan, non-recourse to Greenbrier, matures in July 2027. CEO Lorie Tekorius highlighted the importance of this financing in maintaining liquidity amidst current economic conditions, with attractive fixed interest rates and no significant debt maturities until 2026. The company's railcar backlog is valued at $3.6 billion as of May 31, 2022, indicating strong demand and positioning Greenbrier well for future growth.
Greenbrier reported third-quarter fiscal 2022 results with net earnings of $3.1 million, or $0.09 per diluted share, on revenue of $794 million.
The company achieved a new railcar backlog valued at $3.6 billion and lease fleet utilization of 98%. New orders totaled 5,000 railcars worth $670 million, with a delivery of 5,200 units.
While gross margins improved due to operational efficiencies, the impact of rising costs and geopolitical tensions in Europe were noted as headwinds. Greenbrier anticipates deliveries of 18,500 – 19,500 units for fiscal 2022.
The Greenbrier Companies (NYSE:GBX) announced a conference call to discuss its financial results for the third quarter ended May 31, 2022. The call is scheduled for July 11, 2022, at 8:00 a.m. PDT, accessible via the Greenbrier website or through dial-in numbers 1-888-317-6003 and 1-412-317-6061 (entry number: 8138307). Greenbrier, based in Lake Oswego, Oregon, specializes in manufacturing freight railcars and marine barges globally, managing a fleet of 431,000 railcars, and providing comprehensive rail services.
The Greenbrier Companies (NYSE: GBX) will present at the 2022 Wells Fargo Industrials Conference in New York City on May 4, 2022, starting at 2:40 PM ET. The presentation will be available via a live webcast on the OpenExchange platform. Greenbrier is a major player in equipment and services for global freight transportation, managing 431,000 railcars and offering a range of services including leasing and maintenance. The company operates in North America, Europe, and Brazil. For more details, access the webcast here.
The Greenbrier Companies, Inc. (GBX) reported Q2 FY22 results with a diluted EPS of $0.38 on revenue of $683 million, marking a 19% increase from Q1. New railcar orders totaled 8,500 units valued at $930 million, leading to a backlog of 32,100 units worth $3.6 billion, the highest in six years. Fleet utilization rose to 98%. The company secured $323 million in asset-backed notes at a 2.9% rate. A quarterly dividend of $0.27 was declared, representing Greenbrier's 32nd consecutive dividend. Financial momentum is seen despite challenges from the pandemic and rising costs.
The Greenbrier Companies (GBX) announced a quarterly cash dividend of $0.27 per share, set for payment on May 10, 2022. Shareholders of record as of April 19, 2022 will receive this dividend, reflecting the company's ongoing commitment to return value to its investors. Greenbrier is a prominent supplier in the freight transportation sector, managing 443,000 railcars and offering various services across North America, Europe, and Brazil. The company emphasizes its strong operational framework and commitment to shareholder returns.
The Greenbrier Companies (NYSE: GBX) announced that Lorie Tekorius, recently appointed as CEO, has been elected to its Board of Directors, increasing the board size from 10 to 11 members. Tekorius, who has been with the company for a long time, is expected to be nominated for a three-year term at the upcoming Annual Meeting in January 2023. Her experience includes serving as an independent director at Alamo Group. Executive Chair William A. Furman highlighted Tekorius's deep understanding of the company and commitment to shareholders.
The Greenbrier Companies, Inc. (NYSE:GBX) will hold a conference call to discuss its Q2 2022 financial results on April 6, 2022, at 8:00 a.m. PDT. Shareholders can access the call via a webcast on the Greenbrier website or by dialing 1-888-317-6003 (international: 1-412-317-6061). The call will be archived online for 30 days. Greenbrier is a prominent supplier of freight transportation solutions, managing a fleet of 445,000 railcars and owning nearly 12,500 railcars through its leasing subsidiary.
Greenbrier Companies (NYSE: GBX) has appointed Lorie Tekorius as President and CEO effective March 1, 2022. William A. Furman, the company’s founder, will transition to Executive Chair, retaining oversight until August 31, 2022. Tekorius has been with Greenbrier since 1995, holding key roles including President and COO, and CFO. Furman commended her leadership, which has driven significant growth and diversification in the company. Tekorius aims to build on the strong foundation established by Furman as Greenbrier navigates the evolving freight transportation needs.
The Longwood Group has launched its first railcar asset-backed securitization for GBX Leasing, a joint venture with Greenbrier, generating $323 million in Class A and B Notes. This financing, supported by $413 million in leased railcars and rated investment-grade, aims to bolster the growth of GBX Leasing's railcar portfolio. CEO D. Stephen Menzies highlighted the initiative's success, which exceeded initial investment expectations due to strong origination activity and secondary market acquisitions. The venture anticipates continued high investment levels in 2022.