Welcome to our dedicated page for The Greenbrier Companies news (Ticker: GBX), a resource for investors and traders seeking the latest updates and insights on The Greenbrier Companies stock.
The Greenbrier Companies, Inc. (NYSE: GBX) is a premier international supplier known for its high-quality marine and rail transportation equipment and services. Headquartered in Lake Oswego, Oregon, Greenbrier designs, manufactures, and markets railroad freight car equipment throughout North America and Europe. The company also produces marine barges in North America and offers comprehensive wheel services, railcar refurbishment, parts, leasing, and other related services.
Greenbrier operates through three primary segments: Manufacturing, Maintenance Services, and Leasing & Management Services. The Manufacturing segment generates the majority of the company's revenue by delivering over 21,000 railcars annually, with a production capacity exceeding 35,000 railcars. Their asset management services extend to nearly 400,000 railcars, and the company owns a lease fleet of over 14,000 railcars, offering top-tier railcar management and regulatory compliance services.
The company's strategic initiatives are bolstered by strong engineering expertise and innovative capabilities, making it a crucial player in the transport of essential goods across the Americas, Europe, and the GCC countries. Greenbrier's railcar leasing syndication platform facilitates partnerships with leading fixed-asset investors, contributing to its robust financial performance.
Recent achievements include a record quarterly order of 15,300 new railcars worth $1.9 billion in Q4 2023, the highest in nearly a decade. Greenbrier's extensive backlog and commercial success provide clear visibility into fiscal 2024, with a confident outlook for sustained growth and profitability. Noteworthy updates include the completion of a follow-on offering of railcar asset-backed securities to secure long-term financing for its leasing business.
As of recent financial disclosures, Greenbrier reported solid performance across all operating segments, with an aggregate gross margin of 15% for Q1 2024. The company is on track to double its recurring revenue through strategic investments in its leased railcar fleet, aiming for continuous improvement in operational efficiency and market reach.
For more detailed information, visit www.gbrx.com.
The Greenbrier Companies (NYSE: GBX) announced senior management promotions, emphasizing active succession planning. Brian Comstock is appointed Chief Commercial & Leasing Officer, succeeding Mark Rittenbaum, who will retire in August 2022. Alejandro Centurion continues leading the Greenbrier Manufacturing Organization while William Krueger manages new facilities from the ARI acquisition. Rick Galvan takes over Greenbrier Rail Services, and Laurie Dornan is promoted to Chief Human Resources Officer. These changes aim to develop talent and enhance operational continuity.
The Greenbrier Companies (NYSE: GBX) announced the appointment of Admiral Thomas B. Fargo, USN (ret.) as Lead Director, effective January 2021. Fargo, an Independent Director since 2015 and Chair of the Compensation Committee since 2017, succeeds Duane McDougall, who held the role for seven years. In 2020, Fargo was instrumental in establishing a policy for the Chair of the Board to be an independent director post-CEO William A. Furman's retirement in 2022. The Board emphasizes good governance and active shareholder engagement as priorities moving forward.
The Greenbrier Companies reported Q1 FY21 financial results with revenue of $403 million, a decrease of 45% from the previous quarter. The net loss was $10 million, or $0.30 per share. Liquidity stands at $810 million, with a diversified backlog of 23,900 railcars valued at $2.35 billion. The adjusted EBITDA was $23 million, representing 5.8% of revenue. The board declared a quarterly dividend of $0.27 per share and extended a $100 million share repurchase program. Despite a challenging environment, the company anticipates demand recovery later in 2021, supported by strategic actions and backlog strength.
The Greenbrier Companies (NYSE: GBX) is set to hold its Q1 2021 financial results conference call on January 6, 2021, at 8:00 a.m. PDT. Interested parties can participate via the company's website or dial in at 1-630-395-0143 with the password 'Greenbrier'. The company specializes in manufacturing freight railcars and services, operating globally with a lease fleet of 8,400 railcars and managing 407,000 railcars in North America. Archivable access to the webcast will be available for 30 days.
The Greenbrier Companies (NYSE:GBX) has announced its Virtual Annual Shareholders Meeting scheduled for January 6, 2021, at 2:00 p.m. PST. Interested participants can log in to attend the meeting through the provided link, with a requirement for shareholders to use the control number from their proxy card. Greenbrier is a significant player in the global freight transportation market, specializing in the design, manufacturing, and services of freight railcars and marine barges across various international locations.
The Greenbrier Companies will present at the Stephens Annual Investment Conference on November 18, 2020, at 11:00 am EST. The event will be held virtually and can be accessed via a live webcast on their website. The webcast will also be archived for 30 days. Greenbrier is a prominent supplier of freight transportation equipment, specializing in railcars and marine barges, with extensive operations in North America and Europe. For more information, visit www.gbrx.com.
The Greenbrier Companies (NYSE: GBX) announced the release of its second annual Environmental, Social and Governance (ESG) report titled On Track Together, highlighting sustainability achievements for fiscal years 2019-2020. The report features GRI and SASB frameworks, covering governance, employee well-being, environmental metrics, and community contributions. Key highlights include 30% female board membership, the lowest Total Recordable Incident Rate, and over 24,000 volunteer hours. Greenbrier commits to enhanced diversity and measurable ESG goals for the coming years, addressing the importance of sustainable operations amid COVID-19.
The Greenbrier Companies (NYSE: GBX) reported its fourth quarter and fiscal year 2020 results. For Q4, net loss was $0.1 million on revenues of $636.4 million, impacted by costs linked to the ARI acquisition and severance. Adjusted net earnings were $5.5 million, with an EBITDA of $55.7 million. The company maintained liquidity of $919.6 million and a diverse backlog of 24,600 railcars valued at $2.4 billion. For FY2020, net earnings were $49.0 million on $2.8 billion in revenue. A quarterly dividend of $0.27 per share was declared, marking the 26th consecutive dividend.
The Greenbrier Companies (NYSE:GBX) has scheduled a financial results conference call for the fourth quarter ending August 31, 2020. The call will take place on October 23, 2020, at 8:00 a.m. PDT. Interested parties can access the live webcast on the Greenbrier website or dial in using 1-630-395-0143 with the password 'Greenbrier'. Greenbrier, based in Lake Oswego, Oregon, is a major supplier of freight equipment and services across global transportation markets, with operations in North America, Europe, and Brazil.
The Greenbrier Companies (NYSE: GBX) will present at the Cowen and Company Global Transportation & Sustainable Mobility Conference on September 9, 2020, at 12:40 pm EDT. The event will be hosted virtually, and interested parties can access the live webcast through the Greenbrier website at www.gbrx.com. The presentation will remain available for 30 days after the event. Greenbrier specializes in manufacturing freight railcars and marine barges and offers services to the global freight transportation markets.
FAQ
What is the current stock price of The Greenbrier Companies (GBX)?
What is the market cap of The Greenbrier Companies (GBX)?
What does The Greenbrier Companies, Inc. specialize in?
Where is The Greenbrier Companies, Inc. headquartered?
What are the main business segments of Greenbrier?
How many railcars does Greenbrier own and manage?
What was a recent significant achievement for Greenbrier?
What financial performance did Greenbrier report for Q1 2024?
How is Greenbrier planning to increase its recurring revenue?
Where can I find more information about Greenbrier?
What recent financial strategy did Greenbrier employ?
What is the significance of Greenbrier's leasing syndication platform?
