Wed, Jan. 7, 7:05 AM
- Greenbrier (NYSE:GBX) reports gross margin rate rose 524 bps to 17.79% Y/Y in FQ1.
- Segment sales: Manufacturing $379.95M (+5.70%); Wheels & Parts: $86.62M (-23.61%); Leasing & Services: $28.49M (+62.95%).
- The company says it saw 4,000 new railcar deliveries in the quarter, down 16.67% Q/Q.
- New railcar manufacturing backlog was 41,200 units valued at $4.20B at quarter's end, vs. 31,500 units valued at $3.33B as of Aug. 31.
- The company received orders for 14,100 new railcars during the quarter.
- FY2015 Guidance: Deliveries: ~21,500 units; Revenues: ~$2.6B; Diluted EPS: $5.20 to $5.50.
Wed, Jan. 7, 6:03 AM
Tue, Jan. 6, 5:30 PM
Oct. 30, 2014, 6:12 AM
Oct. 29, 2014, 5:30 PM
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Jul. 2, 2014, 9:10 AM
- Greenbrier (GBX) +8.3% premarket after raising its full-year earnings forecast and easily beating FQ3 earnings expectations.
- The railcar manufacturer says FQ3 revenues rose 18.1% Q/Q, primarily due to increased deliveries, and gross margins were 16.3% from 11.5% in Q2, driven by improved efficiencies, pricing and product mix; railcar backlog as of the end of Q3 was 26,400 units valued ~$2.75B vs. 15,200 units valued at ~$1.54B at the end of Q2.
- Issues upside guidance for FY 2014, now expecting EPS of $2.98-$3.08 vs. its prior forecast of $2.45-$2.70 and analyst consensus estimate of $2.62, and revenues of more than $2.2B vs. $2.16B consensus.
- For Q4, GBX sees EPS of $0.95-$1.05 vs. $0.87 consensus, and deliveries of 4,300-4,600 units resulting in full-year deliveries of 15,700-16,000 units.
- TRN +3.3% premarket.
Jul. 2, 2014, 6:04 AM
Jul. 1, 2014, 5:30 PM
Apr. 3, 2014, 10:29 AM
- Greenbrier (GBX -2.2%) reports its FQ2 earnings rose 13% on double-digit increases in revenue at its manufacturing and wheels, repair and parts segments, but shares are lower as results failed to meet Wall Street expectations.
- GBX says severe weather and manufacturing line changeovers at a facility in Oregon weighed on resulted, but manufacturing margins should improve in H2.
- GBX reports 3,400 new railcar deliveries in the quarter, down 8.1% Q/Q; new railcar manufacturing backlog was 15,200 units valued at ~$1.54B at quarter's end, vs. 13,500 units valued at $1.43B as of Nov. 28.
- Expects to continue to expand tank car and retrofit capacity and capabilities, and will certify its largest repair facility in Cleburne, Tex., to perform tank car work.
Apr. 3, 2014, 6:01 AM
Apr. 3, 2014, 12:05 AM
Apr. 2, 2014, 5:30 PM
Jan. 8, 2014, 6:02 AM| 1 Comment
Jan. 8, 2014, 12:05 AM
Jan. 7, 2014, 5:30 PM
Nov. 1, 2013, 10:18 AM
- Greenbrier Cos. (GBX +9%) shares are climbing after the company missed on revenue but soundly beat on EPS in FQ4.
- Management guided for FY2014 EPS of $2.45-$2.70 (vs consensus of $2.47).
- The board approved a $50M share repurchase authorization. (PR)
- BofAML upgraded the stock 3 notches to Buy from Underperform while DA Davidson hiked its PT to $34 from $28 and reiterated a Buy rating.
GBX vs. ETF Alternatives
Greenbrier Companies Inc designs, manufactures & markets railroad freight car equipment in North America & Europe, marine barges in North America and provides wheel services, railcar refurbishment and parts, leasing & other services to the railroad.
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