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) has announced significant orders for 4,500 railcars valued at
The Greenbrier Companies (NYSE: GBX) will host an Investor Day on April 12, 2023, in New York, NY. CEO Lorie L. Tekorius and other executives will discuss the company’s business strategy, market position, and future growth plans. Attendance is by invitation only due to limited capacity, with institutional investors required to register via email. A live webcast will be available on Greenbrier's investor relations website, along with presentation materials, and a replay will follow after the event. Greenbrier is a leading global supplier of freight railcar and marine barge solutions, managing a vast fleet of railcars.
The Greenbrier Companies (NYSE:GBX) announced the passing of Board member David L. Starling at the age of 73. Starling, who had been with the board since 2017 and was recently re-elected with over 98% shareholder support, contributed significantly to the company during pivotal moments, including the acquisition of American Railcar Industries and navigating the impacts of COVID-19. His extensive experience in the rail industry, including a former role as President and CEO of Kansas City Southern, greatly benefited Greenbrier. The company extends condolences to his family and acknowledges his lasting impact on the board and the broader rail community.
Greenbrier reported its Q1 FY23 results with net loss of $17 million or $0.51 per share, impacted by a $24 million non-cash impairment. Despite challenges, the company secured 5,600 new railcar orders worth $700 million and maintained a robust backlog of 28,300 railcars valued at $3.4 billion. Adjusted EPS was $0.05. Liquidity stands strong at $477 million. The board declared a quarterly dividend of $0.27 per share and extended a $100 million share repurchase program. Expectations for full-year revenue are between $3.2 billion and $3.6 billion.
The Longwood Group announced the successful sale of its interest in GBX Leasing, LLC, a joint venture with Greenbrier Companies (NYSE: GBX). Established in February 2021, GBXL has expanded to over 4,500 leased railcars, significantly exceeding initial investment expectations. Longwood's strategic guidance has capitalized on favorable market conditions, benefiting both Greenbrier shareholders and Longwood investors. GBXL continues as a wholly-owned subsidiary of Greenbrier, enhancing its leasing strategy and value proposition for customers.
Greenbrier has acquired a 100% interest in GBX Leasing from The Longwood Group, enhancing its railcar leasing operations. This move aligns with Greenbrier's strategy to grow its lease fleet and diversify its revenue streams. GBXL, now wholly owned, previously delivered stable cash flows, complementing Greenbrier's cyclical manufacturing revenues. The acquisition strengthens Greenbrier's market presence and value proposition, benefiting shareholders and customers alike.
The Greenbrier Companies (NYSE: GBX) announced a conference call to discuss its financial results for the first quarter ended November 30, 2022. The call is scheduled for January 6, 2023, at 8:00 a.m. PDT. Interested parties can access the live webcast on the company's website or dial in using specific phone numbers. Greenbrier is a leading global supplier of freight railcars and related services, managing a fleet of over 408,000 railcars and leasing approximately 12,200 railcars through its subsidiary, GBXL.
The Greenbrier Companies (NYSE: GBX) has announced its upcoming Virtual Annual Shareholders Meeting scheduled for January 6, 2023, at 2:00 p.m. PDT. Interested participants can log in here, using their proxy card control number, or attend as a guest. Greenbrier, based in Lake Oswego, Oregon, is a key player in the freight transportation market, involved in the design, manufacture, and management of freight railcars and marine barges across North America, Europe, and Brazil.
Greenbrier Companies (NYSE:GBX) will present at the 2022 Stephens Investment Conference on November 16, 2022, in Nashville, Tennessee. The live webcast begins at 8:00 am CT and can be accessed via the Greenbrier website. The presentation will remain available in the archives for 90 days. Headquartered in Lake Oswego, Oregon, Greenbrier is a key player in global freight transportation, specializing in designing and manufacturing freight railcars and marine barges, and managing a fleet of approximately 408,000 railcars.
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