Greenbrier has cut 3,500 jobs on lower railcar demand; profit beats expectations while revenue is well below [MarketWatch]
Greenbrier Companies, Inc. (The) (GBX)
Last greenbrier companies, inc. (the) earnings: 4/7 06:00 am
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Source: MarketWatch
Greenbrier Companies Inc. said Tuesday that it has reduced its global workforce by 3,500 employees as a result of lower railcar amid the coronavirus pandemic. The railroad car maker said it is suspending its previously provided financial guidance, eliminating all non-essential capital expenditures, cutting overhead costs, implementing a hiring freeze and the CEO and board of directors have reduced compensation. Separately, the company reported fiscal second-quarter net income for the qaurter to Feb. 29 that rose to $13.6 million, or 41 cents a share, from $2.8 million, or 8 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share of 46 cents beat the FactSet consensus of 26 cents. Revenue fell 5.2% to $623.8 million, well below the FactSet consensus of $780.6 million, citing fewer deliveries due to lower production rates. Manufacturing revenue of $623.8 million missed the FactSet consensus of $610.4 million and wheels, repair and parts revenue
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News
- SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of The Greenbrier Companies, Inc. (NYSE: GBX)PR Newswire
- Greenbrier to webcast presentation at the Goldman Sachs Industrials and Materials Conference [Yahoo! Finance]Yahoo! Finance
- Greenbrier to webcast presentation at the Goldman Sachs Industrials and Materials ConferencePR Newswire
- Greenbrier Companies (NYSE:GBX) is now covered by analysts at The Goldman Sachs Group, Inc.. They set a "sell" rating and a $38.00 price target on the stock.MarketBeat
- Greenbrier Companies (GBX): Assessing Valuation After Recent Share Price Pullback [Yahoo! Finance]Yahoo! Finance
GBX
Earnings
- 10/28/25 - Beat
GBX
Sec Filings
- 12/4/25 - Form 4
- 12/4/25 - Form 4
- 12/4/25 - Form 4
- GBX's page on the SEC website