The Greenbrier Companies, Inc.(GBX)- NYSE
  • Sat, Jul. 23, 8:25 AM
    • General Electric (NYSE:GE) was yesterday's biggest laggard among Dow stocks, sinking 1.6% after reporting a 2% drop in orders for Q2, with industrial orders - GE’s jet engines, power turbines, oil production equipment, et. al. - plunging 16% amid weakness in oil and gas prices that hurt demand.
    • "The texture of this quarter is very similar to the two most recent quarters, with exceptionally weak orders,” says Morgan Stanley's Nigel Coe, who rates GE at Equal Weight with a $32 price target.
    • GE's total Q2 revenues rose 15% Y/Y to $33.5B, but organic industrial sales excluding the Alstom acquisition fell 1%; GE needs to meet its own expectations for a substantial upturn in organic trends in H2 in an "extremely challenging" environment, Coe says.
    • "Those are capital intensive purchases and if those get pushed out even just a little bit" it could weaken GE's performance, says Edward Jones analyst Jeff Windau.
    • Andrew Elofson at Davidson Investment Advisors takes the long view, seeing Q2 as "a speed bump on the path to their transformation” and not really looking at whether GE can hit its 5% organic sales growth target for H2.
    • But Standpoint Research’s Ronnie Moas responded to the Q2 results by slapping a Sell rating on GE with a $26 price target, seeing no reason to own the shares that trade at more than 20x 2016 EPS estimates while "dozens" of mid-cap names with room to grow trade at or below 10x earnings - such as YRCW, TGI, AVH, GBX, ARII, CBI, UAL, SPR and ACM.
    | Sat, Jul. 23, 8:25 AM | 11 Comments
  • Mon, Jul. 18, 6:34 AM
    • Greenbrier (NYSE:GBXannounces its plan to redeem remaining 2.375% Convertible Senior Notes due 2026 on Aug. 18, 2016 at 100% of the principal amount plus accrued and unpaid interest.
    • If the Article XII of the Indentures are met, notes may be converted to common stock at a conversion rate of 21.2958 of common stock for every $1000 of principal amount prior to 5:00 p.m. ET on Aug. 16, 2016.
    • Aggregate purchase price of ~$870K excl. accrued interest, if none of the notes are converted.
    • U.S. Bank National Association – Paying and conversion agent
    | Mon, Jul. 18, 6:34 AM | 4 Comments
  • Wed, Jul. 6, 5:57 PM
    • Greenbrier (NYSE:GBX) tumbled more than 9% in today's trade despite beating FQ3 earnings expectations, as the company lowered its forecast for full-year earnings and railcar deliveries.
    • GBX now sees FY 2016 EPS of $5.70-$5.90 from its April outlook for $5.70-$6.10 vs. $5.79 analyst consensus estimate, on revenues of ~$2.8B from exceeding $2.8B vs. $2.73B consensus; GBX also cut its forecast for railcar deliveries to 20K-21K from 20-22K, raising shareholder concerns about demand next year.
    • U.S. railroads are struggling with reduced cargo volume of commodities such as coal and sand used in oil drilling, leading to a drop in demand for new rail cars; the Association of American Railroads says cargo fell 6.5% for large U.S. railroads during Q1 with the decline worsening in Q2.
    | Wed, Jul. 6, 5:57 PM
  • Wed, Jul. 6, 6:20 AM
    • Greenbrier (NYSE:GBX) reports Manufacturing revenue declined 22.7% to $458.49M in FQ3,
    • Wheels & Parts revenue squeezed 19.5% to $78.42M.
    • Gross margin rate decreased 20 bps to 20.7%.
    • SG&A expense rate grew 70 bps to 7.1%.
    • Operating margin rate dropped 90 bps to 13.7%.
    • New rail car deliveries fell 4.4% Q/Q to 4,300 units.
    • New railcar manufacturing backlog was 31.2K units valued at $3.6B at quarter's end, vs. 34.1K units valued at $4B as of Feb. 29.
    • FY2016 Guidance: Deliveries: ~20,000 to 21,000 units; Revenues: ~$2.8B; Diluted EPS: $5.70 to $5.90.
    | Wed, Jul. 6, 6:20 AM | 3 Comments
  • Wed, Jul. 6, 6:12 AM
    • Greenbrier (NYSE:GBX) declares $0.21/share quarterly dividend, 5% increase from prior dividend of $0.20.
    • Forward yield 2.92%
    • Payable Aug. 10; for shareholders of record July 20; ex-div July 18.
    | Wed, Jul. 6, 6:12 AM
  • Wed, Jul. 6, 6:01 AM
    • Greenbrier (NYSE:GBX): FQ3 EPS of $1.12 beats by $0.03.
    • Revenue of $612.87M (-14.2% Y/Y) beats by $13.34M.
    • Press Release
    | Wed, Jul. 6, 6:01 AM
  • Tue, Jul. 5, 5:30 PM
    | Tue, Jul. 5, 5:30 PM | 3 Comments
  • Tue, Jun. 21, 11:14 AM
    • Canadian Pacific (CP -2.7%warns that Q2 revenue will tail off 12% Y/Y in Q2 and EPS will come in 18% lower.
    • The revised guidance from the railroad company is for Q2 revenue of C$1.45B vs. C$1.56B and Q2 EPS of C$2.00 vs. C$2.48 consensus
    • Greenbrier (GBX -1.6%), Genesee & Wyoming (GWR -1.6%), CSX (CSX -1.1%), and Canadian National Railway (CNI -0.9%) are all lower after the soft view from a sector leader.
    | Tue, Jun. 21, 11:14 AM | 4 Comments
  • Thu, Jun. 9, 9:34 AM
    • Total U.S. carload traffic for the first 22 weeks of 2016 is down 8% to 10,923,300 carloads, according to data from the Association of American Railroads. Weak demand for transport of coal and petroleum products continues to be major factor.
    • Intermodal containers and trailers traffic fell 2% to 5,648,851 units.
    • U.S. rail traffic volume decreased 14% to 5,274,449 carloads.
    • Railroad traffic is also lower in Canada (-8%) and Mexico (-0.1%) on a YTD comparison.
    • Railroad stocks: UNP, NSC, CSX, CNI, ARII, GBX, CP, KSU, CNI, WAB, TRN.
    | Thu, Jun. 9, 9:34 AM | 17 Comments
  • Tue, May 24, 8:54 AM
    • Greenbrier (NYSE:GBX) announces it took a 19.5% stake in Amsted-Maxion Cruzeiro for $10M.
    • Brazil-based Amsted-Maxion Cruzeiro makes castings and other components for railcars.
    • Greenbrier also holds an option to acquire an additional 10% in Amsted-Maxion Cruzeiro.
    | Tue, May 24, 8:54 AM | 2 Comments
  • Wed, Apr. 6, 6:24 AM
    • Greenbrier (NYSE:GBX) declares $0.20/share quarterly dividend, in line with previous.
    • Forward yield 2.88%
    • Payable May 11; for shareholders of record April 20; ex-div April 18.
    | Wed, Apr. 6, 6:24 AM | 2 Comments
  • Tue, Apr. 5, 3:48 PM
    • Greenbrier (GBX +4.6%) shares maintain strong gains despite posting lower than expected FQ2 earnings and revenues, as the company sees continued U.S. demand as the economy continues to have "strong legs."
    • GBX says it received 3K new railcar orders valued at $310M during the quarter but down 70% Y/Y, and lowered its delivery estimate for FY 2016 to 20K-22K units, trimming 500 off the top end.
    • But on its earnings conference call, GBX reiterated its belief in its ability to achieve its guidance amid the narrowing of its deliveries guidance, and said it is "a little bit more optimistic" on the railcar industry than most industry forecasters.
    • GBX also announced a 50/50 joint venture with Sumitomo that it says will establish the "pre-eminent" axle machining location on the U.S. west coast that supports growing intermodal rail activity.
    • Now read Greenbrier: A value stock with an unjustified correlation to oil
    | Tue, Apr. 5, 3:48 PM | 2 Comments
  • Tue, Apr. 5, 6:02 AM
    • Greenbrier (NYSE:GBX): FQ2 EPS of $1.41 misses by $0.15.
    • Revenue of $669.08M (+6.2% Y/Y) misses by $60.77M.
    • Press Release
    | Tue, Apr. 5, 6:02 AM | 9 Comments
  • Mon, Apr. 4, 5:30 PM
  • Wed, Mar. 30, 1:48 PM
    • Total U.S. carload traffic for the first 12 weeks of 2016 fell 6.2% Y/Y to 5,990,944  carloads, according to data from the Association of American Railroads.
    • Intermodal containers and trailers traffic increased 2.2% to 3,085,831 units.
    • U.S. rail traffic volume fell 13.7% to 2,905,113 carloads.
    • Categories tied to energy markets have been a drag on demand this year.
    • AAR weekly report
    • Railroad stocks: UNP, NSC, CSX, CNI, ARII, GBX, CP, KSU, CNI, WAB, TRN.
    | Wed, Mar. 30, 1:48 PM | 12 Comments
  • Thu, Mar. 24, 5:38 PM
    • Top gainers, as of 5.25 p.m.: FR +3.5%. DRD +2.9%. TNK +2.8%. CONN +2.3%. HOLX +2.0%.
    • Top losers, as of 5.25p.m.: GME -5.5%. MT -5.3%. WMC -4.8%. FDC -4.5%. GBX -4.2%.
    | Thu, Mar. 24, 5:38 PM | 8 Comments
Company Description
Greenbrier Cos., Inc. designs, manufactures and markets railroad freight car equipment in North America and Europe. It also manufactures and markets ocean-going marine barges in North America. It provides wheel services, railcar refurbishment and parts, leasing and other services to the railroad... More
Sector: Services
Industry: Railroads
Country: United States