Greenbrier Reports Fiscal Second Quarter 2020 Results

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Go back to Greenbrier Reports Fiscal Second Quarter 2020 Results

Greenbrier Cos. (GBX) Tops Q2 EPS by 17c, Revenues Miss

April 7, 2020 6:03 AM EDT

Greenbrier Cos. (NYSE: GBX) reported Q2 EPS of $0.46, $0.17 better than the analyst estimate of $0.29. Revenue for the quarter came in at $623.8 million versus the consensus estimate of $798.97 million.

Second Quarter Highlights

Base liquidity of $620 million consisting of cash of $170 million and $450 million available under committed credit facilities with high quality lenders. Greenbrier is targeting total liquidity of $1 billion.Greenbrier\'s manufacturing and service sites continue operations as "Essential Business" under directives issued by the U.S. Department of Homeland Security (DHS) and other government authorities.Orders for 8,500 diversified railcars were received... More