Donfris Named Greenbrier CFO

The Greenbrier Companies, Inc. (Greenbrier) on May 21 announced that Michael J. Donfris has been named Chief Financial Officer (CFO) following a nationwide search.

(Greenbrier Photograph)

For Greenbrier 1Q24, ‘Strong Performance’

The Greenbrier Companies’ new railcar backlog “remains robust,” said President and CEO Lorie Tekorius during a report on the manufacturer’s first fiscal quarter ended Nov. 30, 2023. “Our backlog, combined with programmatic

Greenbrier CEO and President Lorie L. Tekorius

Supply Side: Greenbrier, Lochner/Triunity

The Greenbrier Companies, Inc., completes its second railcar asset-backed securities issuance. Also, H.W. Lochner, Inc., a Chicago, Ill., transportation infrastructure planning and engineering services provider, acquires Denver, Colo.-based Triunity, Inc.

(The Greenbrier Companies Photograph)

Greenbrier Lands Record Railcar Orders

The Greenbrier Companies boosted its order book by 15,300 railcars in its fiscal fourth quarter ending Aug. 31, 2023. Customers operating in “various commercial sectors” are purchasing a “range of railcar types” with an aggregate value of $1.9 billion, the manufacturer reported Sept. 21. TD Cowen offered insight.

(The Greenbrier Companies Photograph)

Greenbrier Ups Delivery, Revenue Guidance for 2023

The Greenbrier Companies’ third fiscal quarter, ending May 31, 2023, “reflects continued operating momentum and strong commercial activity,” President and CEO Lorie L. Tekorius said June 29 during the Oregon-based railcar manufacturer’s financial report. The company also raised its delivery and revenue guidance for the year, and announced that Canadian Pacific Kansas City (CPKC) advisor Patrick J. Ottensmeyer has joined its Board of Directors. TD Cowen offers insight.

Greenbrier’s new orders—comprising tank cars, autoracks, boxcars and covered hoppers—“were consistent with Greenbrier’s expectations for the period,” the manufacturer said March 22.

Greenbrier Lands $580MM in New Railcar Orders

The Greenbrier Companies on March 22 reported receiving orders for 4,500 new railcars during the fiscal second quarter ended Feb. 28, 2023, for which it provided preliminary results, including deliveries of 7,200 units. TD Cowen offers insight.

Greenbrier President and CEO Lorie Tekorius

Greenbrier’s Tekorius: ‘Managing Through Near-Term Economic Uncertainty’

“Greenbrier’s business momentum continued in our fiscal first quarter, driven by a strong commercial performance that led to a book-to-bill of 1.2x,” Greenbrier President and CEO Lorie Tekorius reported on Jan. 6 for the quarter ended Nov. 30, 2022. “However, as new railcar production ramped, manufacturing margins were impacted by higher costs for outsourced parts, material shortages, supplier issues and lingering supply chain complications.”