2023-03-22 07:01:40 ET
- The Greenbrier Companies ( NYSE: GBX ) expects FQ2 revenue of ~$1.1B vs consensus of $782.27M , deliveries of 7,200 units and GAAP EPS of $0.95 to $1.00 per share vs consensus of $0.38 .
- The company also announced that it had received orders for 4,500 new railcars with an aggregate value of $580M during fiscal Q2.
- Orders for the quarter included tank cars, automobile-carrying railcars, boxcars and covered hopper cars, and were consistent with the companys expectations for the period.
- "Our order activity and financial performance in the second quarter demonstrate Greenbrier's market-leading position in freight railcar sales, leasing and services. This reflects great execution by our commercial and leasing teams, excellence in engineering, agility in manufacturing and resourcefulness in global sourcing. Fundamentally, Greenbrier is well-positioned and moving ahead in our markets," said Lorie L. Tekorius, CEO and President.
- Shares are trading up 4.30% premarket.
For further details see:
Greenbrier stock gains on reporting Q2 prelim results above estimates