Greenbrier Companies

Greenbrier Posts Strong 2Q

The Greenbrier Companies, Inc. reported financial results for its second fiscal quarter ended Feb.28, 2023. Among the results were a GAAP EPS of $0.97, a fleet utilization increase to 99%, and adjusted EPS of $0.99, excluding Gunderson exit-related costs.

Commentary

Greenbrier: Order Activity Remains Healthy

We hosted virtual investor meetings and a group call with Justin Roberts, Greenbrier’s Vice President Corporate Finance and Treasurer. North American demand remains solid, and the production ramp-up appears set to occur without additional disruptions. In Europe, the Ukrainian conflict seems to have caused transitory headwinds, which, we believe, could create noise. We remain constructive but are slightly cautious in the near term.

Matt Elkott, Cowen and Company OEM Transportation Analyst
Commentary

Greenbrier ‘Ready for a Railcar Demand Recovery’: Cowen

At Cowen and Company, we expect North American railcar demand to recover in 2021. One of the best-positioned suppliers? The Greenbrier Companies (GBX), with more than a 40% manufacturing share following the acquisition of ARI. Railcar markets in Europe and Brazil are also improving. All of this plus the cost-cutting measures GBX has taken make it our top 2021 pick.