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.
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.
The Greenbrier Companies (NYSE: GBX) announced the appointment of Lorie Tekorius as CEO and President, effective March 1, 2022. This transition follows William A. Furman's tenure as Chairman and CEO, who will move to the role of Executive Chair until his retirement in September 2022. Tekorius, with a long-standing career at Greenbrier since 1995, has held various leadership roles, including COO and President. The Board emphasized the importance of internal succession and expressed confidence in Tekorius's ability to lead the company. Furman has overseen the company’s significant growth into a global freight railcar powerhouse.
The Greenbrier Companies (NYSE:GBX) will hold a conference call to discuss its financial results for Q4 2021, ending August 31, 2021. The call will take place on October 26, 2021, at 8:00 a.m. PDT. Shareholders and interested parties can access the call via webcast on the Greenbrier website. Alternatively, participants can join by phone using the provided dial-in numbers. Greenbrier is a leading supplier of equipment and services to global freight transportation markets, managing a significant fleet of railcars and offering various services across North America and Europe.
The Longwood Group, LLC has completed a significant acquisition of a 3,600 leased railcar portfolio, advising GBX Leasing, a joint venture with Greenbrier (NYSE:GBX). This acquisition complements GBX's ongoing agreement to acquire $200 million in leased railcars annually. CEO D. Stephen Menzies highlighted that the railcar portfolio's growth exceeded initial investment goals by 75% in the first year. As of September 30, GBX Leasing's total railcar portfolio comprises approximately 4,000 railcars valued at $350 million.
