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.
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.
The Greenbrier Companies, Inc. (GBX) reported Q2 FY22 results with a diluted EPS of $0.38 on revenue of $683 million, marking a 19% increase from Q1. New railcar orders totaled 8,500 units valued at $930 million, leading to a backlog of 32,100 units worth $3.6 billion, the highest in six years. Fleet utilization rose to 98%. The company secured $323 million in asset-backed notes at a 2.9% rate. A quarterly dividend of $0.27 was declared, representing Greenbrier's 32nd consecutive dividend. Financial momentum is seen despite challenges from the pandemic and rising costs.
The Greenbrier Companies (GBX) announced a quarterly cash dividend of $0.27 per share, set for payment on May 10, 2022. Shareholders of record as of April 19, 2022 will receive this dividend, reflecting the company's ongoing commitment to return value to its investors. Greenbrier is a prominent supplier in the freight transportation sector, managing 443,000 railcars and offering various services across North America, Europe, and Brazil. The company emphasizes its strong operational framework and commitment to shareholder returns.
The Greenbrier Companies (NYSE: GBX) announced that Lorie Tekorius, recently appointed as CEO, has been elected to its Board of Directors, increasing the board size from 10 to 11 members. Tekorius, who has been with the company for a long time, is expected to be nominated for a three-year term at the upcoming Annual Meeting in January 2023. Her experience includes serving as an independent director at Alamo Group. Executive Chair William A. Furman highlighted Tekorius's deep understanding of the company and commitment to shareholders.
