Greenbrier Reports Fiscal Third Quarter 2020 Results
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Greenbrier (GBX) Well Positioned Due to Production and Execution, Should Outperform on Print - Cowen
July 10, 2020 9:55 AM EDTCowen analyst Matt Elkott reiterated an Outperform rating and $30.00 price target on Greenbrier Companies (NYSE: GBX) following solid results, citing forecast-exceeding production, aggressive cost cuts, capacity rationalization, solid background, and impressive execution. The analyst expects shares to Outperform following the print.
The analyst stated... More
Greenbrier Cos. (GBX) Tops Q3 EPS by 91c, Revenues Beat
July 10, 2020 6:04 AM EDTGreenbrier Cos. (NYSE: GBX) reported Q3 EPS of $1.05, $0.91 better than the analyst estimate of $0.14. Revenue for the quarter came in at $762.6 million versus the consensus estimate of $616.06 million.
Third Quarter Highlights
Achieved $1 billion liquidity target through combination of cash, borrowing capacity, and spending reductions. Liquidity consists of $735.3 million in cash and available borrowing capacity of $136.8 million; lower capital expenditures of $50.0 million, reduced annualized selling and administrative expense of $30.0 million and reduced annualized overhead expense of $65.0 million.Generated operating cash flow in excess of $220.0 million in the quarter from decreases in working... More