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.
The Greenbrier Companies, Inc. supplies equipment and services to global freight transportation markets, with operations in freight railcar manufacturing, leasing and fleet management. Through subsidiaries and joint ventures, Greenbrier designs, builds and markets freight railcars in North America, Europe and Brazil, and provides wheel services, parts, maintenance and retrofitting services in North America.
Greenbrier news commonly covers fiscal results, railcar order and delivery activity, lease fleet financing, railcar asset-backed securities, term-loan arrangements, quarterly dividends and investor-relations updates. Company announcements also address railcar management, regulatory compliance services and developments tied to freight rail industry demand.
The Greenbrier Companies (NYSE: GBX) will host an Investor Day on April 12, 2023, in New York, NY. CEO Lorie L. Tekorius and other executives will discuss the company’s business strategy, market position, and future growth plans. Attendance is by invitation only due to limited capacity, with institutional investors required to register via email. A live webcast will be available on Greenbrier's investor relations website, along with presentation materials, and a replay will follow after the event. Greenbrier is a leading global supplier of freight railcar and marine barge solutions, managing a vast fleet of railcars.
The Greenbrier Companies (NYSE:GBX) announced the passing of Board member David L. Starling at the age of 73. Starling, who had been with the board since 2017 and was recently re-elected with over 98% shareholder support, contributed significantly to the company during pivotal moments, including the acquisition of American Railcar Industries and navigating the impacts of COVID-19. His extensive experience in the rail industry, including a former role as President and CEO of Kansas City Southern, greatly benefited Greenbrier. The company extends condolences to his family and acknowledges his lasting impact on the board and the broader rail community.
Greenbrier reported its Q1 FY23 results with net loss of $17 million or $0.51 per share, impacted by a $24 million non-cash impairment. Despite challenges, the company secured 5,600 new railcar orders worth $700 million and maintained a robust backlog of 28,300 railcars valued at $3.4 billion. Adjusted EPS was $0.05. Liquidity stands strong at $477 million. The board declared a quarterly dividend of $0.27 per share and extended a $100 million share repurchase program. Expectations for full-year revenue are between $3.2 billion and $3.6 billion.
The Longwood Group announced the successful sale of its interest in GBX Leasing, LLC, a joint venture with Greenbrier Companies (NYSE: GBX). Established in February 2021, GBXL has expanded to over 4,500 leased railcars, significantly exceeding initial investment expectations. Longwood's strategic guidance has capitalized on favorable market conditions, benefiting both Greenbrier shareholders and Longwood investors. GBXL continues as a wholly-owned subsidiary of Greenbrier, enhancing its leasing strategy and value proposition for customers.
Greenbrier has acquired a 100% interest in GBX Leasing from The Longwood Group, enhancing its railcar leasing operations. This move aligns with Greenbrier's strategy to grow its lease fleet and diversify its revenue streams. GBXL, now wholly owned, previously delivered stable cash flows, complementing Greenbrier's cyclical manufacturing revenues. The acquisition strengthens Greenbrier's market presence and value proposition, benefiting shareholders and customers alike.
The Greenbrier Companies (NYSE: GBX) announced a conference call to discuss its financial results for the first quarter ended November 30, 2022. The call is scheduled for January 6, 2023, at 8:00 a.m. PDT. Interested parties can access the live webcast on the company's website or dial in using specific phone numbers. Greenbrier is a leading global supplier of freight railcars and related services, managing a fleet of over 408,000 railcars and leasing approximately 12,200 railcars through its subsidiary, GBXL.
The Greenbrier Companies (NYSE: GBX) has announced its upcoming Virtual Annual Shareholders Meeting scheduled for January 6, 2023, at 2:00 p.m. PDT. Interested participants can log in here, using their proxy card control number, or attend as a guest. Greenbrier, based in Lake Oswego, Oregon, is a key player in the freight transportation market, involved in the design, manufacture, and management of freight railcars and marine barges across North America, Europe, and Brazil.
Greenbrier Companies (NYSE:GBX) will present at the 2022 Stephens Investment Conference on November 16, 2022, in Nashville, Tennessee. The live webcast begins at 8:00 am CT and can be accessed via the Greenbrier website. The presentation will remain available in the archives for 90 days. Headquartered in Lake Oswego, Oregon, Greenbrier is a key player in global freight transportation, specializing in designing and manufacturing freight railcars and marine barges, and managing a fleet of approximately 408,000 railcars.
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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.