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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) reported a solid fourth quarter with diluted EPS of $0.60, generating nearly $180 million in operating cash flow. The company secured new orders for 4,800 railcars valued at $620 million, bringing the backlog to 29,500 units worth $3.5 billion. Liquidity stands at $690 million, bolstered by a $150 million non-recourse term loan. Revenue reached $950 million, with net earnings of $20 million. For fiscal 2023, Greenbrier anticipates deliveries of 22,000-24,000 units and revenue between $3.2-$3.6 billion, signaling a strong operational outlook.
The Greenbrier Companies (NYSE: GBX) has announced a quarterly cash dividend of $0.27 per share, which will be paid on November 29, 2022, to stockholders of record as of November 8, 2022. Greenbrier is a key player in the global freight transportation market, specializing in the design, manufacturing, and marketing of freight railcars and marine barges across North America, Europe, and Brazil. Additionally, the company manages a fleet of 421,000 railcars, providing vital leasing and regulatory compliance services.
The Greenbrier Companies (NYSE: GBX) will hold its Q4 2022 financial results conference call on October 27, 2022, at 8:00 a.m. PDT. Interested parties can join via the webcast on the company's website or by dialing in using 1-888-317-6003 for domestic calls and 1-412-317-6061 for international callers. The call will discuss the financial results for the year ending August 31, 2022. The webcast will be archived for 30 days for later access.
The Greenbrier Companies, Inc. (NYSE: GBX) announces the appointment of William Krueger as President of Greenbrier Manufacturing Operations, effective September 1, 2022. Krueger, who served as COO, will oversee railcar manufacturing across multiple countries, including the U.S., Mexico, and Brazil. He takes over from Alejandro Centurion, who will shift to a Senior Advisor role after 18 years of service, during which manufacturing revenue grew from $844 million to over $2 billion. CEO Lorie Tekorius praised Krueger's leadership qualities, suggesting a strong leadership transition.
The Greenbrier Companies, Inc. (NYSE: GBX) will present virtually at the 15th Annual Cowen Global Transportation & Sustainable Mobility Conference on September 7, 2022. The live webcast begins at 4:20 pm ET, accessible via this link. Greenbrier, based in Lake Oswego, Oregon, specializes in equipment and services for global freight transportation, managing 421,000 railcars across North America, Europe, and Brazil. Learn more about Greenbrier at www.gbrx.com.
The Greenbrier Companies (NYSE: GBX) announced the election of Admiral Thomas B. Fargo as the Independent Chair of its Board, effective August 31, 2022, succeeding William A. Furman. Fargo, a board member since 2015, brings extensive experience in both military and transportation sectors. The transition aims to enhance corporate governance and shareholder value. Furman, who has been with the company for nearly 50 years, will remain on the board until January 2024. The move signifies Greenbrier's commitment to best practices in governance.
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.
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