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
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.”
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.
John O’Bryan has been appointed CEO of A. Stucki Co., a Pittsburgh, Pa.-based provider of engineered components, systems and services for the railroad industry and other markets.
The Greenbrier Companies and The Longwood Group are teaming on a railcar leasing joint venture, they reported Feb. 5.
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.
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.”
The Greenbrier Companies has published a 52-page Environmental, Social and Governance (ESG) report.
The Greenbrier Companies has developed an innovative new way for railcar customers to inspect build quality: Virtual Sample Railcar™ (VSR), which remotely brings customers into the Greenbrier plant from the convenience of a conference room or home office.
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.”