$GBX (The Greenbrier Companies, Inc.)

$GBX {{ '2016-10-13T12:09:43+0000' | timeago}} • Announcement

$GBX and Astra Rail Management plans to form a new company, Greenbrier-Astra Rail, that will create an end-to-end, Europe-based freight railcar manufacturing, engineering and repair business. $GBX will pay Astra Rail EUR 30MM at closing and EUR 30MM 12 months after closing. $GBX expects the transaction to add to its EPS by end of FY17.

$GBX {{ '2017-06-29T15:49:03+0000' | timeago}} • Announcement

$GBX elected Wanda Felton and David Starling to its BoD. The election of two new directors increases its BoD to nine members, eight of whom are independent directors. Felton recently completed service as First VP and Vice Chair of the Export Import Bank of the US. David recently retired from BoD of Kansas City Southern (KCS).

$GBX {{ '2017-06-29T15:46:45+0000' | timeago}} • Webcast

$GBX expects 4Q17 to be strong in terms of deliveries. The company expects its manufacturing operations to face headwinds as they transition to more commoditized car types and slightly more competitive pricing on these orders. $GBX expects more syndication and delivery activity from its GIMSA JV.

$GBX {{ '2017-06-29T15:35:49+0000' | timeago}} • Webcast

$GBX stated that in Europe, the formation of Greenbrier-Astra Rail closed on June 1. Greenbrier-Astra Rail is Europe’s largest freight car-rail car manufacturing, engineering and repair business. It reaches markets throughout Europe, Eurasia and the Gulf Cooperation Council. $GBX’s equity position in Greenbrier-Astra Rail is 75%.

$GBX {{ '2017-06-29T15:22:26+0000' | timeago}} • Webcast

$GBX ended 3Q17 with $885MM of liquidity from cash balances and available borrowings on its revolving credit facilities. As of May 31, 2017, the company’s cash balance was $465MM and net debt continues to be low at $108MM.

$GBX {{ '2017-06-29T11:36:13+0000' | timeago}} • Announcement

$GBX said diversified orders for nearly 11,000 railcars were received during 3Q17, valued at $1.01Bil, including 6,000 Mitsubishi UFJ Lease & Finance units. Order activity excludes about 500 units from Greenbrier-Maxion and Greenbrier-Astra Rail. If included, total international order activity would be 1,000 units.

$GBX {{ '2017-06-29T11:34:18+0000' | timeago}} • Announcement

$GBX narrowed its FY17 revenue outlook to $2.1-2.3Bil from $2-2.4Bil and its EPS guidance to $3.45-3.65 from $3.25-3.75. The EPS forecast excludes $0.17 per share of new convertible note interest expense. The company also tightened its new railcar deliveries estimate to about 15,000-16,000 units from about 14,000-16,000 units.

$GBX {{ '2017-06-29T11:30:41+0000' | timeago}} • Announcement

$GBX's BoD declared a quarterly dividend of $0.22 per share. The dividend is payable on Aug. 8, 2017 to shareholders of record as of July 18, 2017.

$GBX {{ '2017-06-29T11:26:44+0000' | timeago}} • Announcement

$GBX's new railcar backlog as of May 31, 2017 was 31,000 units with an estimated value of $3.10Bil, compared to 22,600 units with an estimated value of $2.44Bil as of Feb. 28, 2017. Backlog includes about 1,000 units related to the formation of Greenbrier-Astra Rail, but does not reflect backlog for Greenbrier-Maxion.

$GBX {{ '2017-06-29T11:25:52+0000' | timeago}} • Announcement

$GBX's new railcar deliveries for 3Q17 decreased to 2,600 units from 3,900 units in the previous year quarter. The decline in deliveries is primarily due to the timing of railcar syndications as well as lower production rates for certain car types.

$GBX {{ '2017-06-29T11:25:31+0000' | timeago}} • Announcement

$GBX reported a drop in 3Q17 earnings due to lower revenue from manufacturing and from leasing and services. Net income fell to $32.82MM or $1.03 per share from $35.35MM or $1.12 per share last year. Revenue dropped to $439.16MM from $612.87MM, due to lower new railcar deliveries.

$GBX {{ '2017-05-18T13:18:21+0000' | timeago}} • Announcement

$GBX and Astra Rail Management announced that the companies' planned merger to create $GBX-Astra Rail has received all required regulatory approvals from relevant European antitrust officials. The transaction will be completed on June 1, 2017.

$GBX {{ '2017-04-28T20:32:21+0000' | timeago}} • Announcement

$GBX announced the opening of GBSummit, a railcar axle machining facility, jointly owned by $GBX and Sumitomo Corporation of Americas. GBSummit can currently produce up to 12,000 axles per year. GBSummit will grow its axle production to 50,000 axles per year over the next 36 months.

$GBX {{ '2017-04-05T19:09:27+0000' | timeago}} • Webcast

$GBX stated that pricing in the current competitive environment has been weak but the company has been able to offset margin impacts through manufacturing efficiencies. Pricing pressures exist but $GBX has been focused on maintaining market share in targeted product types like automotive and intermodal.

$GBX {{ '2017-04-05T18:59:31+0000' | timeago}} • Webcast

$GBX said looking at 2018, the company currently has 10,000-12,000 units locked into its production schedules. There will be changes from quarter to quarter and the company is working with its customers to make shifts and adjustments.

$GBX {{ '2017-04-05T18:36:53+0000' | timeago}} • Webcast

$GBX's agreement with Mitsubishi UFJ Lease & Finance (MUL) includes a multi-year purchase agreement for 6,000 new railcars through 2020. MUL will expand its railcar portfolio through lease syndications and the acquisition of used equipment from $GBX. A new asset management service, owned 50-50 by both companies, will also be created.

$GBX {{ '2017-04-05T18:27:36+0000' | timeago}} • Webcast

$GBX's BoD declared a 5% increase in the quarterly dividend to $0.22 per share, payable on May 9, 2017 to shareholders of record as of April 18, 2017.

$GBX {{ '2017-04-05T15:31:30+0000' | timeago}} • Webcast

$GBX said it has 3,800 covered hopper railcars in backlog and expects to produce 1,000 of these units in 2017 and 2018, with the remaining units produced thereafter or sooner if market conditions change. The company also added that it is in a strong financial position with over $900MM of liquidity.

$GBX {{ '2017-04-05T11:16:38+0000' | timeago}} • Announcement

For FY17, $GBX expects revenue to be in the range of $2-2.4Bil and diluted EPS to be in the range of $3.25-3.75, excluding $0.17 per share of new convertible note interest expense. Additionally, the company also expects deliveries to be approx. 14,000-16,000 units for FY17.

$GBX {{ '2017-04-05T11:15:11+0000' | timeago}} • Announcement

$GBX's all segments reported a decline in 2Q17 revenue. Manufacturing revenue declined 1.98% to $445.5MM from $454.5MM in the year ago quarter and revenue from Wheels and Parts declined 8.61% to $82.7MM from $90.5MM last year. Revenue from Leasing and Services slumped 69.29% to $38.1MM from $124.1MM in the prior year quarter.

$GBX {{ '2017-04-05T11:07:23+0000' | timeago}} • Announcement

Railroad freight car equipment maker $GBX posted a  drop in 2Q17 earnings, impacted by lower deliveries and declining revenue. Net income plunged 23.08% to $34.53MM or $1.09 per diluted share from $44.9MM or $1.41 per diluted share a year ago. Revenue slid 15.36% to $566.28MM from $669.1MM.

Recent Transcripts

AA (Alcoa Inc.)
Wednesday, July 19 2017 - 9:00pm
TXT (Textron Inc.)
Wednesday, July 19 2017 - 12:00pm
LMT (Lockheed Martin Corporation)
Tuesday, July 18 2017 - 3:00pm
GBX (The Greenbrier Companies, Inc.)
Thursday, June 29 2017 - 3:00pm
LOW (Lowe's Companies, Inc.)
Wednesday, May 24 2017 - 1:00pm
ITT (ITT Corporation)
Monday, May 8 2017 - 1:00pm
RAIL (FreightCar America Inc.)
Thursday, May 4 2017 - 3:00pm
TSLA (Tesla, Inc.)
Wednesday, May 3 2017 - 9:30pm
HSC (Harsco Corporation)
Wednesday, May 3 2017 - 1:00pm
FSTR (LB Foster Co.)
Tuesday, May 2 2017 - 9:00pm
GWR (Genesee & Wyoming Inc.)
Tuesday, May 2 2017 - 3:00pm
ADM (Archer-Daniels-Midland Company)
Tuesday, May 2 2017 - 1:00pm
AME (Ametek Inc.)
Tuesday, May 2 2017 - 12:30pm
F (Ford Motor Co.)
Thursday, April 27 2017 - 1:00pm
UNP (Union Pacific Corporation)
Thursday, April 27 2017 - 12:45pm
NOC (Northrop Grumman Corporation)
Wednesday, April 26 2017 - 4:00pm
TRN (Trinity Industries Inc.)
Wednesday, April 26 2017 - 3:00pm
NSC (Norfolk Southern Corporation)
Wednesday, April 26 2017 - 12:45pm
ILMN (Illumina Inc.)
Tuesday, April 25 2017 - 9:00pm
LMT (Lockheed Martin Corporation)
Tuesday, April 25 2017 - 3:00pm

AlphaGraphics you may like