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.
Greenbrier Cos Inc (GBX) provides essential rail transportation solutions through manufacturing, maintenance, and leasing services across global markets. This news hub offers investors and industry professionals direct access to official updates and strategic developments shaping the company's position in freight equipment and logistics.
Find timely reports on quarterly financial results, new railcar production contracts, and leasing syndication partnerships. Our curated collection includes regulatory filings, operational milestones, and market expansion announcements critical for understanding GBX's performance in the transportation sector.
Key updates cover manufacturing innovations, fleet management initiatives, and maintenance service expansions. Track the company's progress in North American and European markets while staying informed about its engineering advancements and asset management strategies.
Bookmark this page for streamlined access to Greenbrier's latest corporate communications. Check regularly for verified updates directly impacting rail transportation economics and industrial logistics trends.
Greenbrier Companies (NYSE: GBX) has established GBX Leasing, a new subsidiary to manage a portfolio of leased railcars, aimed at generating an annual cash flow of approximately $200 million. The initiative leverages Greenbrier's existing inventory, with an initial investment of nearly $100 million supported by a $300 million credit facility. GBX Leasing will be primarily owned by Greenbrier and aims to enhance customer relations while reducing exposure to railcar order cycles. The strategy is expected to create tax-advantaged cash flows, contributing positively to Greenbrier’s financial outlook.
The Greenbrier Companies (NYSE:GBX) will host a financial results conference call for the second quarter ending February 28, 2021. Scheduled for April 6, 2021, at 8:00 a.m. PDT, the call will be accessible via the Greenbrier website or by phone. The company is a prominent supplier in the freight transportation market, producing railcars and marine barges across North America and Europe. Greenbrier also offers services including leasing and railcar management, maintaining a fleet of 8,700 railcars and managing 445,000 railcars. More information can be found on their website.
The Greenbrier Companies (NYSE:GBX) has launched Qamun, a 55,000 BBL Shallow Draft Double Hull Petroleum Tank Barge, developed by Greenbrier Marine. The vessel, designed for operation in Western Alaska, meets Ice Class and Polar Code standards, showcasing advanced environmental protections. Delivered to Crowley in April 2021, Qamun will work alongside the tug Aurora. This launch continues a successful partnership between Greenbrier and Crowley, highlighted by a private ceremony on March 6, 2021. The barge is compliant with the Jones Act and aims to enhance fuel supply capabilities in remote Alaskan regions.
The Greenbrier Companies (NYSE: GBX) has announced plans to establish a new leasing joint venture, GBX Leasing, in collaboration with The Longwood Group. This venture aims to acquire around $200 million in newly-built and leased railcars per year, primarily sourced from Greenbrier. Greenbrier will maintain a 95% ownership stake in GBX Leasing while leveraging tax advantages from recent legislation. The venture is set to enhance cash flows and reduce exposure to order cycles, with $300 million in initial warehouse debt planned.
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.
