FINANCIAL EDGE, JANUARY 2022 ISSUE: It might be the meme of all memes, at least for the COVID-19 pandemic: Al Pacino’s iconic “Just when I thought I was out, they pull me back in!” right before collapsing from a diabetic stroke, sums up what Omicron feels like (collapse included).
“During the first fiscal quarter of 2022, Greenbrier achieved its fourth consecutive quarter with a book-to-bill ratio exceeding 1.0x amid the strengthening demand environment,” Chairman and CEO William A. Furman reported on Jan. 7; net earnings came in at $11 million, or $0.32 per diluted share, on revenue of $551 million.
The Greenbrier Companies, Inc., has signed on with RailPulse, a coalition of railcar owners, builders and operators whose aim is to “aggregate North American railcar fleet data on a single platform” to increase safety and the visibility of customer goods.
United States Steel Corp., Norfolk Southern (NS) and The Greenbrier Companies, Inc. have teamed to design a “sustainable, high-strength steel” gondola; NS will initially acquire 800 of the Greenbrier-engineered railcars, they reported on Dec. 9.
The Greenbrier Companies, Inc. has received orders for 6,200 new railcars valued at $670 million during its first fiscal quarter that began on Sept. 1, 2021. Also on order: rebody work for 1,400 railcars.
The Greenbrier Companies, Inc. on Nov. 2 published its third-annual Environmental, Social and Governance (ESG) report.
The Greenbrier Companies, Inc., has acquired more than 3,600 railcars, a portion of which will be held by subsidiary GBX Leasing (GBXL), the company reported on Oct. 13.
The Greenbrier Companies, Inc. has completed $1.5 billion of refinancing activity. In addition, Trane Technologies’ Thermo King will invest more than $100 million over the next three years to deliver a fully electric product in every segment of the cold chain by 2023.
Greenbrier’s fiscal second-quarter 2021 financial results (the company begins its fiscal year on Sept. 1 of the prior year) are based on a $2.5 billion railcar backlog of 24,900 as of Feb. 28.
The Greenbrier Companies has announced leadership promotions in five business units. In addition, Duos Technologies Group, Inc. has appointed rail industry veteran Edmond (Ed) L. Harris to its Board of Directors; WSP-USA has named Thomas LeBeau and Darwin Desen to the national Transit and Rail team; and Greater Cleveland RTA has named Mark Petit Deputy General Manager of Innovation and Technology.