RZV - Why Rail Transport Company Greenbrier's Shares Are Trading Higher Today | Benzinga
The Greenbrier Companies, Inc. (NYSE:GBX) reported the second quarter of FY24 results.
Revenue declined to $862.7 million from $1.122 billion a year ago but was above the consensus of $843.3 million.
The company’s lease fleet utilization was 99%, and fleet size increased by 500 to 14,600 units.
GBX has secured orders for 5,900 new railcars worth $690 million and delivered 5,600 units in the quarter.
As of February 29, 2023, the new railcar backlog stood at 29,200 units with an estimated value of $3.6 billion.
EBITDA came in at $95.0 million, with a margin of 11%. EPS of $1.03