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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 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.
On December 15, 2021, The Greenbrier Companies (NYSE: GBX) announced its membership in RailPulse™, a coalition aimed at integrating GPS and telematics technology within North America's freight rail network. This coalition, which includes notable industry stakeholders like Norfolk Southern and GATX Corporation, seeks to enhance railcar data visibility and safety. Greenbrier's participation is anticipated to boost rail safety, improve customer service, and promote sustainability by providing a more fuel-efficient shipping alternative.
U.S. Steel, Norfolk Southern, and Greenbrier have partnered to launch a new sustainable steel gondola railcar, leveraging high-strength, lighter-weight steel. Each gondola can decrease unloaded weight by up to 15,000 pounds, enhance freight capacity, and potentially extend operational lifespan to 50 years. Norfolk Southern plans to acquire 800 of these innovative gondolas. This collaboration aims to improve energy efficiency and reduce emissions, reflecting the companies' commitment to sustainability in the freight rail industry.
On December 9, 2021, United States Steel Corporation, Norfolk Southern Corporation, and The Greenbrier Companies announced a partnership for a sustainable steel gondola railcar. Utilizing high-strength, lighter-weight steel, these gondolas will reduce unloaded weight by up to 15,000 pounds, extending their lifecycle to 50 years. Norfolk Southern plans to purchase 800 of these gondolas, which promise improved energy efficiency, lower emissions, and greater freight capacity. This collaboration aims to modernize North America's aging railcar fleet and promote environmentally friendly freight transportation.
Greenbrier Companies (NYSE: GBX) announced it received orders for 6,200 railcars valued at $670 million in Q1 fiscal 2022. This represents a significant rebound, equating to 36% of total orders for fiscal 2021. The orders include various railcar types and highlight Greenbrier's commitment to sustainable practices through its conversion program, which received orders for 1,400 railcars. With a backlog of $2.8 billion, the company expresses strong visibility for future growth, supported by a robust liquidity position and global manufacturing capabilities.
The Greenbrier Companies (NYSE:GBX) will present at the 2021 Stephens Investment Conference on December 2, 2021, in Nashville, Tennessee. The live webcast starts at 8:00 am CT and can be accessed via the Greenbrier website. The presentation will be archived for 30 days.
Greenbrier, based in Lake Oswego, Oregon, is a premier supplier in global freight transportation, focusing on freight railcars and marine barges across North America, Europe, and Brazil. As of September 30, 2021, they manage approximately 444,000 railcars.
The Greenbrier Companies (NYSE: GBX) released its 2021 Environmental, Social and Governance (ESG) report, titled On Track Together, adhering to the Sustainability Accounting Standards Board (SASB) framework. The report highlights achievements such as a record-breaking safety performance, an increase in recycled steel from 47% to 51%, and successful completion of all goals set in the previous year's report. Leadership emphasized the importance of balancing environmental efficiency with business performance as key for future success.
The Greenbrier Companies (NYSE: GBX) reported solid financial results for Q4 FY21, achieving net earnings of $32 million ($0.95/share) on revenue of $599 million. They announced new railcar orders of 6,700 units worth $665 million, maintaining a robust backlog of 26,600 units valued at $2.8 billion. Liquidity stood at $835 million, including $647 million in cash. The company declared a quarterly dividend of $0.27 per share. For FY21, net earnings were $32 million, with $1.8 billion in new railcar orders and significant debt refinancing completed. Greenbrier expects deliveries of 16,000-18,000 units in FY22.
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