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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.
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.
The Greenbrier Companies, Inc. (NYSE:GBX) will hold a conference call to discuss its Q2 2022 financial results on April 6, 2022, at 8:00 a.m. PDT. Shareholders can access the call via a webcast on the Greenbrier website or by dialing 1-888-317-6003 (international: 1-412-317-6061). The call will be archived online for 30 days. Greenbrier is a prominent supplier of freight transportation solutions, managing a fleet of 445,000 railcars and owning nearly 12,500 railcars through its leasing subsidiary.
Greenbrier Companies (NYSE: GBX) has appointed Lorie Tekorius as President and CEO effective March 1, 2022. William A. Furman, the company’s founder, will transition to Executive Chair, retaining oversight until August 31, 2022. Tekorius has been with Greenbrier since 1995, holding key roles including President and COO, and CFO. Furman commended her leadership, which has driven significant growth and diversification in the company. Tekorius aims to build on the strong foundation established by Furman as Greenbrier navigates the evolving freight transportation needs.
The Longwood Group has launched its first railcar asset-backed securitization for GBX Leasing, a joint venture with Greenbrier, generating $323 million in Class A and B Notes. This financing, supported by $413 million in leased railcars and rated investment-grade, aims to bolster the growth of GBX Leasing's railcar portfolio. CEO D. Stephen Menzies highlighted the initiative's success, which exceeded initial investment expectations due to strong origination activity and secondary market acquisitions. The venture anticipates continued high investment levels in 2022.
The Greenbrier Companies, Inc. (NYSE: GBX) announced the successful issuance of $323.3 million in railcar asset-backed securities (ABS) through its joint venture, GBX Leasing. The ABS has a blended interest rate of 2.9% and a weighted average life of approximately six years, secured by around 4,500 railcars valued at $413 million. This financing enables GBXL to extinguish existing debt and positions the company for fleet growth in 2022. Greenbrier's strong leasing capabilities garnered positive investor response, enhancing cash flow stability amid a growing North American freight railcar market.
The Greenbrier Companies (NYSE: GBX) reported strong demand in its first fiscal quarter ending November 30, 2021, with new railcar orders totaling 6,300 units valued at $685 million. The backlog now stands at 28,000 units worth $3 billion. Additionally, new orders received in December and January reached 2,900 units valued at $345 million, showcasing diverse railcar types. Industry data revealed a 50% increase in North American freight railcar orders in Q4 2021, marking the highest quarterly total since Q4 2018. CEO William A. Furman emphasized Greenbrier's adaptive manufacturing strategies to meet rising demand.
Greenbrier Companies (NYSE:GBX) will present at the 2022 Stifel Transportation & Logistics Conference on February 8, 2022, at 4:40 pm ET. The presentation will be available via a live webcast on the Stifel Conference website. Greenbrier, based in Lake Oswego, Oregon, is a leading supplier of equipment and services for global freight transportation markets, managing 443,000 railcars in North America. As of September 30, 2021, the company, along with its subsidiary GBX Leasing, owned nearly 12,500 railcars.
On January 10, 2022, The Greenbrier Companies (NYSE:GBX) announced the re-election of Admiral Thomas B. Fargo, Ambassador Antonio O. Garza, and James R. Huffines to its Board of Directors, expanding the board to 10 members. Admiral Fargo has been on the board since 2015 and is the Lead Director, while Garza and Huffines have been serving since July 2021, contributing expertise in the rail industry and finance. Two long-term directors, Duane McDougall and Don Washburn, retired, marking a significant change in leadership. Their tenure saw Greenbrier grow into a major player in the freight railcar market.
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