Stock Data
$0.46 (0.92%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
RAILROADS
Greenbrier Cos. Inc is a key player in the rail industry, specializing in the design, manufacture, and marketing of railroad freight car equipment across North America, Europe, and South America. With a diverse product lineup including various types of railcars and intermodal cars, the company also offers comprehensive maintenance, leasing, and management services. Greenbrier's expertise extends to wheel services, railcar repair, and offering both operating and per diem leases for its sizable fleet. Founded in 1974 and based in Lake Oswego, Oregon, it serves a wide range of clients from railroads to financial institutions.
Greenbrier hit earnings targets despite manufacturing revenue collapsing 31% year over year, banking on a strategic shift toward its leasing fleet which grew 23% to 20,600 units at 99% utilization. Gross margins expanded 230 basis points sequentially to 14.1%, signaling the company is managing costs while deferred railcar demand clouds the near term.
Greenbrier reports after the bell on whether the railcar maker can lock in gains from surging North American rail volumes and energy sector cargo demand.
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