Cowen and Company recently released its Railcar Industry Forecast, which predicts 21% and 9% declines in deliveries and orders, respectively, this year.
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.
The Greenbrier Companies, Inc. (GBRX) reported financial results for its fourth fiscal quarter and year ended August 31, 2019. The former includes record revenue of $914.2 million; the latter, record revenue of $3 billion and a record new railcar delivery total of 23,400 units for the year.
RAILWAY AGE at RAILWAY INTERCHANGE 2019: Greenbrier’s new 5185cf grain hopper is equipped with the Tsunami Gate for rapid unloading, and is shorter than previous designs without sacrificing payload capacity, as described by Vice President International Peter Jones.
The Greenbrier Companies, Inc. (GBRX) announced the addition of a newly designed covered grain hopper to its line of product offerings.
Reporting on the Cowen and Company Global Transport Conference in Bosto, Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl and analysts Matt Elkott and Adam Kramer offer these observations taken from the conference’s railcar/locomotive builder and Class I railroad panels, with a large trucker and a logistics/LTL company added for deeper perspective:
The Greenbrier Companies, Inc. (GBRX) released its inaugural Environmental, Social and Governance (ESG) report, which includes Greenbrier’s corporate social responsibility accomplishments.
A looming U.S. economic recession—just look at freight rail traffic figures from the past six months—and “cyclical industrial fears” have significantly impacted rail equipment equities, creating opportunities for long-term investors with what Cowen and Company analysts Matt Elkott, Jason Seidl (Railway Age Wall Street Contributing Editor) and Adam Kramer describe as “quality companies with self-forged narratives” like Wabtec, Trinity and Greenbrier.
The Greenbrier Companies, Inc. (GBRX) recently completed its acquisition of the manufacturing business of American Railcar Industries (ARI) from ITE Management LP (ITE).
The Greenbrier Companies (GBX) on July 2 reported 3Q2019 earnings of $15.2 million, or $.46 per diluted share, on a record quarterly revenue of $856.2 million.