The Greenbrier Companies, Inc

Greenbrier: Tekorius Taking the Throttle; 4Q21 ‘Strong, Balanced’

Following a fiscal fourth quarter marked by a 1.5x book-to-bill and more than $80 million of operating cash flow, The Greenbrier Companies, Inc. appointed President and Chief Operating Officer Lorie Tekorius as the company’s next CEO and President, succeeding Co-founder, Chairman and CEO William A. Furman. “continuing the company’s executive succession and talent pipeline process.”

People News: Greenbrier; Duos; WSP-USA; Greater Cleveland RTA

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.

“Greenbrier remains focused on sustaining a high level of liquidity and carefully managing our manufacturing footprint in order to continue to generate operating cash flow,” Chairman and CEO William A. Furman said.

GBX Fiscal 1Q21: ‘Strong Liquidity,’ $2.35B Backlog

The Greenbrier Companies, Inc. (GBX), in its first fiscal quarter ended Nov. 30, 2020, reported a net loss of $10 million, attributable to the company, in what continues to be a “challenging market environment.” GBX noted it has been successful in maintaining cash flow and liquidity—“essential components” of its operating strategy—and its diversified $2.35 billion new railcar backlog of 23,900 units—including orders for 2,900 railcars in the quarter, valued at $260 million—“provides a baseload of activity as we gain greater visibility into customer needs as the year unfolds.”

Takeaways from REF 2017: Matt Elkott

Reporting on Rail Equipment Finance 2017, Cowen and Company analyst Matt Elkott notes, “Sentiment is better than last year, but we sensed this is only in small part based on fundamentals and in large part on hope associated with potentially more business-friendly policies and an infrastructure bill. We also noticed a rise in the number of international investors. We continue to believe a material pickup in railcar demand and lease rates is unlikely before late 2017/early 2018.”