Greenbrier Reports Third Quarter Results
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Greenbrier Cos. (GBX) Tops Q3 EPS by 21c; Guides In-Line
June 29, 2017 6:03 AM EDTGreenbrier Cos. (NYSE: GBX) reported Q3 EPS of $1.03, $0.21 better than the analyst estimate of $0.82. Revenue for the quarter came in at $439.2 million versus the consensus estimate of $519.99 million.
Net earnings attributable to Greenbrier for the quarter were $32.8 million, or $1.03 per diluted share, on revenue of $439.2 million.Adjusted EBITDA for the quarter was $63.8 million, or 14.5% of revenue.Finalized three major strategic transactions: formed Greenbrier-Astra Rail; executed railcar services and supply agreement with Mitsubishi UFJ Lease & Finance (MUL); and increased stake in Greenbrier-Maxion to 60% and Amsted-Maxion Cruzeiro to 24.5%.Diversified orders for nearly 11,000... More