Greenbrier Cos. (GBX) Tops Q2 EPS by 19c

Greenbrier Cos. (NYSE: GBX) reported Q2 EPS of $0.38, $0.19 better than the analyst estimate of $0.19. Revenue for the quarter came in at $683 million versus the consensus estimate of $575.76 million.

Business Update & Outlook:

Greenbrier continues to meet the challenges of emerging COVID variants while balancing economic, supply chain and labor volatility. Based on current business trends and production schedules for fiscal 2022, Greenbrier expects:

Deliveries of 17,500 – 19,500 units including approximately 1,500 units in Greenbrier-Maxion (Brazil).
Selling & administrative expense to be $200 - $210 million.
Capital expenditures of $275 million in Leasing & Management Services, $55 million in Manufacturing and $10 million in Maintenance Services. Net of proceeds of equipment sales of approximately $150 million, capital expenditures in Leasing & Management Services will be $125 million.

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

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