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) 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.
Greenbrier Companies (NYSE: GBX) reported its Q1 FY22 financial results, highlighting new railcar orders of 6,300 units valued at $685 million and deliveries of 4,100 units, achieving a 1.5x book-to-bill ratio. The backlog stands at 28,000 units valued at $3.0 billion. Net earnings for the quarter were $11 million, or $0.32 per diluted share, on revenue of $551 million. Greenbrier's strong liquidity includes $610 million at quarter-end. The company announced a collaboration with U.S. Steel and Norfolk Southern for new sustainable railcars and membership in RailPulse for improved fleet data management.
The Greenbrier Companies (NYSE:GBX) has announced its Virtual Annual Shareholders Meeting scheduled for January 7, 2022, at 2:00 p.m. PST. Shareholders can join via www.virtualshareholdermeeting.com/GBX2022. To participate, shareholders need their control number from the proxy card, or they can log in as a guest. Greenbrier, based in Lake Oswego, Oregon, is a leading supplier of equipment and services for global freight transportation, managing 444,000 railcars and providing extensive railcar leasing and maintenance services.
The Greenbrier Companies (NYSE:GBX) will host a conference call on January 7, 2022, at 8:00 a.m. PST to discuss its financial results for Q1 2022, ending November 30, 2021. Interested parties can join via the Greenbrier website or call in using 1-888-317-6003 for domestic and 1-412-317-6061 for international access, entering conference ID 8543094. The call will be archived for 30 days. Greenbrier is a key player in the freight transportation industry, managing approximately 444,000 railcars and offering various rail services.
