greenbrier companies inc (GBX) Key Developments
The Greenbrier Companies, Inc. Presents at 6th Annual Aerospace & Industrials 1-1 Conference, Dec-11-2014
Dec 8 14
The Greenbrier Companies, Inc. Presents at 6th Annual Aerospace & Industrials 1-1 Conference, Dec-11-2014 . Venue: Boston Harbor Hotel, 60 Rowes Wharf, Boston, MA 02110, United States.
The Greenbrier Companies, Inc. Announces Orders for 14,100 Railcars Valued at $1.24 Billion
Dec 8 14
The Greenbrier Companies, Inc. announced that it received new orders in its first quarter ended November 30, 2014 for 14,100 railcar units valued at $1.24 billion. Orders for the quarter include small-cube covered hopper cars for sand and cement transportation, boxcars, double-stack intermodal units, automobile carrying cars, gondolas and tank cars, both for crude oil and other commodity types. The average selling price for the orders reflects the diversity of railcar types ordered.
Greenbrier Promotes Jack Isselmann to Senior Vice President, External Affairs & Programs
Nov 26 14
The Greenbrier Companies announced the promotion of Jack Isselmann to Senior Vice President, External Affairs & Programs. Isselmann joined Greenbrier in 2012 as Director of Corporate Relations and Communications. Last year Isselmann was promoted to Vice President, External Affairs & Communications in part to recognize his role developing and advancing Greenbrier's public safety efforts related to its Tank Car of the Future. Isselmann reports to William A. Furman, Chairman and CEO and works closely with other senior staff members. A former partner at Tonkon Torp LLP, Isselmann also interfaces with its legal department on select compliance and regulatory matters.
The Greenbrier Companies, Inc. Announces Earnings Results for the Fourth Quarter of 2014; Provides Earnings Guidance for the Full Year of 2015
Oct 30 14
The Greenbrier Companies, Inc. announced earnings results for the fourth quarter of 2014. The company reported fourth quarter EPS of $1.03 per share. Revenue was $618.1 million.
For full year of 2015, the company expects deliveries will exceed 20,000 units, revenue will exceed $2.5 billion, and EPS will be in the range of $4.25 to $4.55 per share.
Greenbrier Companies, Inc. Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Fiscal Year Ended August 31, 2014; Provides Earnings Guidance for the Fiscal 2015
Oct 30 14
Greenbrier Companies, Inc. reported unaudited consolidated financial results for the fourth quarter and fiscal year ended August 31, 2014. For the quarter, the company reported net earnings attributable to the company, which includes the gain on contribution to GBW, were $47.4 million, or $1.43 per diluted share. Record adjusted EBITDA was $80.8 million, or 13.1% of revenue.
For the year, the company reported revenue of $1,624,916,000 against $1,215,734,000 a year ago. Earnings from operations were $239,520,000 against $41,651,000 a year ago. Net earnings attributable to the company was $111,919,000 or $3.44 per diluted share against net loss attributable to the company of $11,048,000 or $0.41 per diluted share a year ago. Net cash provided by operating activities was $135,907,000 against $104,592,000 a year ago. Capital expenditures were $70,227,000 against $60,827,000 a year ago. Adjusted EBITDA was a record $253.8 million or 11.5% of revenue. Net debt has decreased nearly $149 million since February 2013 when goal was set.
The company expects gross CapEx of about $140 million this year, driven primarily by North American manufacturing activity. Proceeds from the sale of leased assets are expected to be about $10 million, resulting in net CapEx of $130 million. Tax rate is expected to run about 32%, depending on the geographic mix of earnings and the portion of earnings that come from the joint venture. The company expects earnings attributable to GIMSA joint venture to be higher in 2014 as it increases deliveries and continue to enhance margins. The company expects deliveries in fiscal 2015 will exceed 20,000 units, revenue to exceed $2.5 billion. This revenue excludes revenue from GBW. Diluted EPS will be in the range of $4.25 to $4.55 per share.