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Greenbrier Announces New Railcar Orders

March 22, 2023, 07:12 AM
Filed Under: Rail Transportation

The Greenbrier Companies, Inc. announced it had received orders for 4,500 new railcars with an aggregate value of $580 million during its fiscal second quarter ended on Feb. 28. Orders for the quarter included tank cars, automobile-carrying railcars, boxcars and covered hopper cars, and were consistent with Greenbrier's expectations for the period.

Separately, Greenbrier today announced preliminary financial results for its fiscal second quarter.  Greenbrier expects revenue of approximately $1.1 billion, deliveries of 7,200 units and GAAP EPS of $0.95 to $1.00 per share.  

Lorie L. Tekorius, CEO and President, said, "Our order activity and financial performance in the second quarter demonstrate Greenbrier's market-leading position in freight railcar sales, leasing and services. This reflects great execution by our commercial and leasing teams, excellence in engineering, agility in manufacturing and resourcefulness in global sourcing. Fundamentally, Greenbrier is well-positioned and moving ahead in our markets."







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