Greenbrier Cos. (GBX) Misses Q1 EPS by 13c, Offers FY Guidance

Greenbrier Cos. (NYSE: GBX) reported Q1 EPS of $0.30, $0.13 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $769.5 million versus the consensus estimate of $748.2 million.

GUIDANCE:

Greenbrier Cos. sees FY2020 EPS of $2.60-$3.00, versus the consensus of $2.81.

Based on current business trends and production schedules for fiscal 2020, Greenbrier believes:

• Deliveries will be 26,000 – 28,000 units including Greenbrier-Maxion (Brazil) (which will account for approximately 2,000 units).
• Revenue will be approximately $3.5 billion.
• Adjusted diluted EPS will be $2.60 – 3.00 excluding approximately $20 – $25 million of pre-tax integration and acquisition-related expenses from the ARI acquisition.

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

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