The Greenbrier Companies (GBX) has amended its 50/50 joint venture agreement with Grupo Industrial Monclova, S.A. De C.V. (GIMSA), its manufacturing partner at Greenbrier GIMSA facilities in Monclova, Mexico. This and other measures aim to help GBX achieve its goal of $1 billion in total liquidity.
The Greenbrier Companies, Inc. (GBX) has suspended new railcar production at its Greenbrier Gunderson flagship manufacturing facility in Portland, Ore., due to the economic impacts of COVID-19.
The Greenbrier Companies (GBX) reported financial results for its first fiscal quarter ended Nov. 30, 2019, and the highlights include orders for 4,500 diversified railcars valued at $450 million; railcar deliveries totaling 6,200 units; and the Board increasing the quarterly dividend 8% to $.27 per share, payable on Feb. 18, 2020, to shareholders as of Jan. 28, 2020.
Railcar builder Greenbrier Cos. reported weaker revenue and earnings in the fiscal third quarter from a year ago amid “challenging” markets that are expected to continue into 2018.