Greenbrier Cos. (GBX) Declares $0.20 Quarterly Dividend; 3% Yield

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Go back to Greenbrier Cos. (GBX) Declares $0.20 Quarterly Dividend; 3% Yield

Greenbrier Reports Second Quarter Results

April 5, 2016 6:00 AM EDT

LAKE OSWEGO, Ore., April 5, 2016 /PRNewswire/ -- The Greenbrier Companies, Inc. (NYSE: GBX) today reported financial results for its second fiscal quarter ended February 29, 2016.

Second Quarter Highlights

Net earnings attributable to Greenbrier for the quarter were $44.9 million, or $1.41 per diluted share, on revenue of $669.1 million. Adjusted EBITDA for the quarter was $108.2 million, or 16.2% of revenue. Net debt was reduced by over $175 million during the quarter. Net debt to LTM EBITDA down to 0.2x. New railcar backlog as of February 29, 2016 was 34,100 units with an... More