Greenbrier Cos. (NYSE: GBX) reported Q2 EPS of $0.22, $0.02 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $658.7 million versus the consensus estimate of $628.73 million.

• Adjusted EBITDA for the quarter was $37.4 million, or 5.7% of revenue, and included $7.6 million related to railcar contract loss accruals and facility closure costs.
• Orders for 3,800 diversified railcars were received during the quarter, valued at nearly $450 million.
• New railcar backlog as of February 28, 2019 was 26,000 units with an estimated value of $2.7 billion.
• New railcar deliveries totaled 5,100 units for the quarter.

GUIDANCE:

Greenbrier Cos. sees FY2019 EPS of $3.60-$3.80, versus the consensus of $3.61. Greenbrier Cos. sees FY2019 revenue above $3 billion, versus the consensus of $3.09 billion.

Deliveries will be approximately 24,000 – 26,000 units including Greenbrier-Maxion (Brazil) (which will account for approximately 2,000 units).

For earnings history and earnings-related data on Greenbrier Cos. (GBX) click here.