Greenbrier Cos. (GBX) Raises Quarterly Dividend 5% to $0.21; 2.9% Yield
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Greenbrier Reports Third Quarter Results
July 6, 2016 6:00 AM EDTLAKE OSWEGO, Ore., July 6, 2016 /PRNewswire/ --Â The Greenbrier Companies, Inc. (NYSE: GBX) today reported financial results for its third fiscal quarter ended May 31, 2016.
Third Quarter Highlights
Net earnings attributable to Greenbrier for the quarter were $35.4 million, or $1.12 per diluted share, on revenue of $612.9 million. Adjusted EBITDA for the quarter was $99.5 million, or 16.2% of revenue. Net debt was reduced by over $21 million during the quarter. Net debt is less than $100 million on total assets of $1.8 billion. Net debt to LTM EBITDA maintained at... More