Greenbrier Reports Fourth Quarter and 2020 Fiscal Year Results
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Greenbrier Cos. (GBX) Misses Q4 EPS by 14c, Revenues Beat
October 23, 2020 6:02 AM EDTGreenbrier Cos. (NYSE: GBX) reported Q4 EPS of $0.16, $0.14 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $636.4 million versus the consensus estimate of $603.18 million.
Fourth Quarter Highlights
Liquidity of $919.6 million, including $833.7 million in cash and $85.9 million of available borrowing capacity. Combined with nearly $200 million of additional initiatives in progress, exceeded the $1 billion liquidity and cost savings target.Generated operating cash flow of $183.2 million in the quarter primarily driven by decreases in working capital and from syndication activity.Diversified new railcar backlog as of August 31, 2020 was 24,600 units with... More