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 (NYSE: GBX) announced the acquisition of over 3,600 railcars, aiming to enhance its leasing operations via its GBX Leasing subsidiary. This acquisition is part of an initial strategy to invest $200 million in new railcars within its first year, and to date, GBXL has nearly 4,000 units valued at $350 million. The acquisition is designed to provide diversified leasing options to high credit lessees across various industries, potentially increasing revenues and shareholder value.
Greenbrier Companies (NYSE: GBX) announced the renewal and extension of three bank facilities totaling over $1.0 billion. This includes a $600 million domestic revolving facility, a $292 million term loan, and a $200 million non-recourse term loan. With no material debt maturing in the next five years, Greenbrier's Chairman emphasizes the importance of maintaining liquidity through the pandemic. The company has successfully refinanced $1.5 billion of debt, extending maturities into 2028 while maintaining a 1:1 debt-to-equity ratio and paying dividends for 29 consecutive quarters.
The Greenbrier Companies (NYSE: GBX) announced new orders for 5,500 railcars, valued at over $530 million, during its fourth fiscal quarter starting June 1, 2021. These orders enhance Greenbrier's backlog and demonstrate significant demand across various railcar types. CEO William A. Furman indicated market momentum as the company adapts production capacities to meet growing demand, suggesting a positive outlook for fiscal 2022.
The Greenbrier Companies (NYSE:GBX) announced the election of two new independent directors, Ambassador Antonio Garza and James R. Huffines, enhancing its Board of Directors from 10 to 12 members. Garza brings extensive experience in U.S.-Mexico relations, crucial for navigating trade agreements, while Huffines offers significant expertise in banking and finance. Both are expected to contribute immediately to Greenbrier's strategic planning and financial goals. This board refreshment reflects Greenbrier's commitment to strong governance and leveraging diverse expertise for business growth.
The Greenbrier Companies (NYSE: GBX) reported strong Q3 FY21 results with revenue of $450 million, a 65% increase from the previous quarter. The company achieved new railcar orders for 3,800 units worth $400 million, with a backlog of 24,800 units valued at $2.6 billion. Net earnings were $19.7 million, or $0.59 per diluted share. The formation of GBX Leasing aims to create stable cash flows. Liquidity remains robust at approximately $850 million. Greenbrier expects continued growth in Q4, driven by increased production rates and demand recovery.
The Greenbrier Companies (NYSE:GBX) will hold a conference call on July 9, 2021, at 8:00 a.m. PDT to discuss its financial results for the third quarter ended May 31, 2021. The call will be available via webcast on the company’s website, with an archive available for 30 days. The company is a leader in freight railcar manufacturing and services in North America and Europe, with a significant lease fleet of 8,700 railcars and management services for 445,000 railcars.
The Greenbrier Companies (NYSE:GBX) has successfully closed its offering of $373.75 million in 2.875% Senior Convertible Notes due 2028. The offering included $48.75 million from initial purchasers exercising additional purchase rights. The notes, which rank equally with Greenbrier's other senior debt, will accrue interest at 2.875%, payable semiannually. The conversion price is set at approximately $55.46 per share, representing a 30% premium over Greenbrier's last closing price of $42.66 on April 15, 2021. These notes were offered only to qualified institutional buyers.
Greenbrier Companies has increased its offering of Convertible Senior Notes due 2028 to $325 million. The notes will have an interest rate of 2.875% and are convertible into shares at an initial price of approximately $55.46 per share, representing a 30% premium over the last stock price. Greenbrier intends to use $228.4 million of the proceeds to repurchase existing notes and $20 million to buy back shares. The offering is expected to close by April 20, 2021.
On April 14, 2021, Greenbrier announced its intention to offer $275 million of Convertible Senior Notes due 2028 in a private placement for qualified institutional buyers. An additional $41.25 million may be purchased by initial purchasers. The Notes will be senior, unsecured, with interest paid semi-annually. Proceeds will be used to repurchase existing 2.875% convertible senior notes due 2024, with up to $20 million allocated for common stock repurchases, potentially affecting the market price. Remaining proceeds will cover general corporate purposes. The offering will comply with SEC regulations.
The Greenbrier Companies (GBX) reported financial results for Q2 FY21, reflecting challenges amid COVID-19. The company secured 3,800 new railcar orders valued at over $440 million, supporting a backlog of 24,900 units worth $2.5 billion. Revenue was $296 million, marking a net loss of $9 million or $0.28 per share. Liquidity remains strong at $708 million, bolstered by a recent $300 million credit facility. Greenbrier's CEO expressed optimism about recovering demand and expects a stronger second half of FY21 as production ramps up.
