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.
Greenbrier Companies (NYSE:GBX) will host a webcast and conference call to discuss its Q3 2024 financial results on July 8, 2024, at 8:00 a.m. PDT. Participants can join via the Greenbrier website or dial-in using the provided numbers. Greenbrier, based in Lake Oswego, Oregon, is a global leader in freight railcar manufacturing and services, with operations in North America, Europe, and Brazil. The company also offers railcar management, regulatory compliance, and leasing services, owning a lease fleet of approximately 14,600 railcars. For more information, visit www.gbrx.com.
Greenbrier Companies (NYSE: GBX) has appointed Michael J. Donfris as Chief Financial Officer (CFO). Donfris, who has nearly 40 years of experience in corporate accounting and finance, will officially assume the CFO role in July after Greenbrier files its Form 10-Q. He previously served as CFO of R.J. Corman Railroad Group, contributing to significant EBITDA growth through strategic planning and transactions. Donfris also held key roles at TrinityRail, where he led initiatives to boost cash flow and revenue. Greenbrier's CEO, Lorie Tekorius, expressed confidence in Donfris's ability to enhance financial operations and contribute to the company's strategic development.
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