Greenbrier Reports First Quarter Results

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Greenbrier Cos. (GBX) Misses Q1 EPS by 23c, Revenues Miss

January 6, 2021 6:02 AM EST

Greenbrier Cos. (NYSE: GBX) reported Q1 EPS of ($0.30), $0.23 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $402.99 million versus the consensus estimate of $481.03 million.

First Quarter Highlights

Liquidity of $810 million, including $725 million in cash and $85 million of available borrowing capacity. Combined with $150 million of additional initiatives in progress totals $960 million.Diversified new railcar backlog as of November 30, 2020 was 23,900 units with an estimated value of $2.35 billion, including orders for 2,900 railcars valued at approximately $260 million received during the quarter. Deliveries in the quarter were 3,100 units, representing a nearly 1.0x... More