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Month Year
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Apr 15, 2003Greenbrier Grows Backlog to Record Levels; Announces New Orders for 2,800 Railcars, 30% Market Share
The Greenbrier Companies announced that orders for 2,800 railcars valued at nearly $140 million have been received subsequent to its second fiscal quarter ended February 28, 2003. Orders include...
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Apr 9, 2003Highlights -- Enhanced performance in North America and Europe improved bottom line results from the same period last year. Loss from continuing operations of $.8 million, or $.05 per share, was realized for the second quarter of fiscal 2003. This compares to a loss from continuing operations of $3.2 million, or $.22 per share, in the second quarter of fiscal 2002. -- Second quarter fiscal 2003 results included costs of $3.2 million pre-tax associated with certain temporary manufacturing inefficiencies and supplier related issues in North America. -- Management forecasts a return to profitability in the second half of the fiscal year and the year as a whole, as the result of higher production rates, improved margins, and operating efficiencies. -- New orders for 1,500 freight cars, with a value of $90 million, were received during the second quarter. -- New railcar manufacturing backlog in North America and Europe rose to 5,800 units valued at $330 million at February 28, 2003, compared to 5,700 units valued at $310 million at November 30, 2002. -- The Company continues to maintain strong liquidity. After debt paydowns of $17 million in the first half of the year, February 28, 2003 cash balances were virtually unchanged from August 31, 2002 at nearly $60 million; unused lines of credit remained at $110 million in North America.
The Greenbrier Companies today reported improved results for its second fiscal quarter ended February 28, 2003. Both North American and European operations showed significant financial improvement...
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Apr 3, 2003
The Greenbrier Companies announced that, during its second quarter ended February 28, 2003, it received orders for 1,500 railcars valued at $90 million. The orders push the Company's backlog at...
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Apr 2, 2003
The Greenbrier Companies invites interested shareholders and other stakeholders to listen to its second quarter financial results conference call live over the Internet on Wednesday, April 9th at...
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Feb 19, 2003
Two builders and lessors of railroad freight cars, The Greenbrier Companies, Inc. and ACF Industries Holding Corporation, announced today that they were unsuccessful bidders to purchase the assets...
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Jan 7, 2003Highlights - First quarter 2003 results from continuing North American operations were nearly break-even on revenues of $97 million. This compares to a loss of $.8 million on revenues of $71 million from North American operations in the first quarter of 2002. - Enhanced performance in North America and Europe in the first quarter of fiscal 2003 led to improved bottom line results. A net loss of $.7 million, or $.05 per share, was realized for the quarter. This compares to a net loss of $5 million, or $.36 per share, in the first quarter of fiscal 2002. - The Company received new orders for 1,700 freight cars in its first quarter of fiscal 2003, with a value of approximately $115 million. - New railcar manufacturing backlog in North America and Europe continued to rise to 5,700 units valued at $310 million at November 30, 2002, compared to 5,200 units valued at $280 million at August 31, 2002. - The Company continues to maintain strong liquidity. After debt paydowns of $7 million, first quarter 2003 cash balances were virtually unchanged at nearly $60 million; unused lines of credit approached $110 million in North America. - Subsequent to November 30, 2002, Greenbrier received a U.S. tax refund of nearly $15 million in cash related to tax benefits recorded in 2002.
The Greenbrier Companies today reported results for its first fiscal quarter ended November 30, 2002. Both North American and European operations showed significant financial improvement against...
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Jan 5, 2003
The Greenbrier Companies invites interested shareholders and other stakeholders to listen to its first quarter financial results conference call live over the Internet on Tuesday, January 7th at...
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Dec 12, 2002
Gunderson Rail Services, a division of The Greenbrier Companies, Inc. , announced it has received orders for 100 new-generation and 106 modified mechanical refrigeration boxcars. The customer,...
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Nov 6, 2002Highlights - Fourth quarter 2002 earnings from North American operations rose to $1.9 million on revenues of $90 million. This compares to a loss from North American operations of $.5 million on revenues of $72 million in the third quarter of 2002. - Non-cash European writedowns and other restructuring charges drove fiscal year 2002 consolidated net loss to $26.1 million, or $1.85 per share, on revenues of $306 million. This compared to 2001 consolidated net earnings of $1.1 million, or $.08 per share, on revenues of $509 million. - Tax benefits of $21.5 million related to European operations recognized in 2002. - Plans announced to recapitalize European investment. For financial reporting purposes, Europe will be treated as discontinued operations. - The Company continues to maintain strong liquidity. Year-end cash balances were nearly $60 million; paydowns of debt were about $50 million; unused lines of credit exceeded $110 million in North America. - Production rates increased and margins improved in fourth quarter; upward trends anticipated to continue in fiscal 2003. - Backlog in North America and Europe more than doubled over third quarter ending May 31, 2002 to 5,500 cars valued at $305 million at September 30, 2002.
The Greenbrier Companies today reported results for its fourth quarter and fiscal year ended August 31, 2002. For the fourth quarter of 2002, the Company reported earnings from continuing North...
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Oct 30, 2002
The Greenbrier Companies invites interested shareholders and other stakeholders to listen to its fourth quarter financial results conference call live over the Internet on Wednesday, November 6th...
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Oct 28, 2002
The Greenbrier Companies announced that, since May 31, 2002, the Company has received orders for 4,300 railcars valued at $230 million. The orders push the Company's backlog at September 30, 2002...
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Jul 10, 2002
The Greenbrier Companies, Inc. announced today a net loss of $2.0 million, or $.14 per share, on revenues of $91 million for its third quarter ended May 31, 2002. This compares to a net loss of...
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Apr 10, 2002
The Greenbrier Companies, Inc. announced today that it took $19.2 million of pre-tax ($12.2 million after-tax) write-downs and other special charges in its second quarter ended February 28, 2002....
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Apr 5, 2002
The Greenbrier Companies invites interested shareholders and other stakeholders to listen to its second quarter financial results conference call live over the Internet on Wednesday, April 10th at...
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Feb 15, 2002
The Greenbrier Companies announced today that, in addition to producing railcars at its Gunderson facility, the Company will reopen its TrentonWorks, Nova Scotia factory. The decision was based on...
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Feb 8, 2002
The Greenbrier Companies announced today it has received orders for nearly 900 new railcars from customers in North America and Europe. About 800 of the railcars are for forest products service in...
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Jan 27, 2002
The Greenbrier Companies, Inc. announced today it has reduced the scale of its European operations to adjust to present market conditions and improve financial performance. Cost reduction measures...
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Jan 8, 2002
The Greenbrier Companies, Inc. today announced a net loss of $5.0 million for its first quarter ending November 30, 2001, on declining manufacturing revenues and margins and increased losses from...
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Jan 3, 2002
The Greenbrier Companies invites interested shareholders and other stakeholders to listen to its first quarter financial results conference call live over the Internet on Wednesday, January 9th at...
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Nov 7, 2001
The Greenbrier Companies today announced earnings of $.08 per share for the fiscal year ended August 31, 2001, higher than previously disclosed revised expectations of near breakeven. The company...
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Oct 31, 2001
The Greenbrier Companies invites interested shareholders and other stakeholders to listen to its fourth quarter financial results conference call live over the Internet on Wednesday, November 7th...
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Jul 10, 2001
The Greenbrier Companies, Inc. today announced results for the third quarter ended May 31, 2001 in line with previously disclosed expectations. The company also announced a quarterly cash dividend...
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Jul 3, 2001
The Greenbrier Companies invites interested shareholders and other stakeholders to listen to its third quarter financial results conference call live over the Internet on Wednesday, July 11th at...
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Jun 18, 2001
The Greenbrier Companies has promoted two key personnel, Mr. Richard McKay and Mr. Mark Rittenbaum, in recognition of their individual contributions. Mr. Richard McKay has been appointed President...
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Jun 11, 2001
The Greenbrier Companies announced today it is further downsizing its work force and slowing new railcar production in North America, as well as introducing other cost-cutting measures in response...