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.”

Wabtec Corporation employees gathered this week to celebrate 60 years of locomotive production in Brazil. (Photo Collage Courtesy of Wabtec, via Twitter)
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Supply Side: Greenbrier, Wabtec

The Greenbrier Companies’ leasing subsidiary has entered into a new term loan to finance the continued growth of its fleet. Also, Wabtec Corporation is celebrating 60 years of locomotive production in Brazil.

Greenbrier 3Q22: $3.6B Backlog, 97.5% Lease Utilization (UPDATED July 13, Cowen)

While The Greenbrier Companies posted “strong operating results” in the third fiscal-quarter ending May 31, 2022—with lease fleet utilization at 97.5%, deliveries at 5,200 units and a $3.6 billion backlog—the “performance was partially offset by inflation and the impact of the war in Ukraine,” President and CEO Lorie Tekorius said during a July 11 report.

“Robust order activity, strong liquidity and the evolution of our leasing business continues to strengthen Greenbrier, expanding our market position and earnings potential as we manage escalating costs and other operating strains,” The Greenbrier Companies President and CEO Lorie Tekorius said.

Greenbrier 2Q22: $3.6B Backlog, Lease Utilization 98%

Despite escalating costs and pandemic-related challenges in the second fiscal-quarter ending Feb. 28, 2022, The Greenbrier Companies achieved its “fifth consecutive quarter with a book-to-bill ratio exceeding 1.0x on orders approaching $1 billion,” President and CEO Lorie Tekorius reported on April 6. “Greenbrier ended the quarter with backlog at levels last seen six years ago.”

Pictured: Lorie Tekorius, Greenbrier (left) and Lisa Smith, Cando Rail & Terminals.

People News: Greenbrier, Cando

The Greenbrier Companies, Inc. President and CEO Lorie Tekorius has been elected to the company’s Board of Directors. Also, Cando Rail & Terminals has elevated Lisa Smith to Assistant Vice President of Safety, Environmental and Regulatory.

Lorie Tekorius

Greenbrier: Tekorius Taking the Throttle March 1

Greenbrier President and Chief Operating Officer Lorie Tekorius on March 1 will become the company’s next CEO and President, succeeding Co-founder, Chairman and CEO William A. Furman; Furman will serve as Executive Chair, retaining responsibility for certain line functions until Aug. 31, 2022, the end of Greenbrier’s fiscal year.

Greenbrier’s new orders comprise a “broad range of railcar types including gondolas, tanks, covered hoppers and automobile-carrying units, indicative of broader industry trends that reveal a resurgent North American freight railcar market,” the manufacturer said on Feb. 2.

For Greenbrier, Another 2,900 Railcars

The Greenbrier Companies, Inc., received orders for 2,900 new railcars, valued at $345 million, in December and January, the first two months of its second fiscal quarter that began Dec. 1, 2021; this follows first fiscal quarter orders for 6,300 cars.