The Greenbrier Companies, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended of November 30, 2018; Provides Earnings Guidance for the Fiscal Year 2019
January 09, 2019 at 06:00 am
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The Greenbrier Companies, Inc. reported unaudited consolidated earnings results for the first quarter ended of November 30, 2018. For the quarter, the company reported revenue of $604,523,000 compared to $559,535,000 a year ago. Earnings from operations were $36,454,000 compared to $61,442,000 a year ago. Earnings before income tax and earnings from unconsolidated affiliates was $32,050,000 compared to $54,422,000 a year ago. Net earnings were $23,382,000 compared to $33,377,000 a year ago. Basic earnings per common share were $0.55 compared to $0.90 a year ago. Diluted earnings per common share were $0.54 compared to $0.83 a year ago.
For the fiscal year 2019, the company expects revenue will exceed $3.0 billion and diluted EPS will be $4.20 to $4.40.
The Greenbrier Companies, Inc. is a designer, manufacturer, and marketer of railroad freight car equipment in North America, Europe, and South America. It is a manufacturer and marketer of marine barges. It offers railcar management, regulatory compliance services and leasing services to railcar owners or other users of railcars. The Company operates through three segments: Manufacturing, Maintenance Services, and Leasing & Management Services. The Manufacturing segment produces automotive railcar products. The Maintenance Services segment performs wheel and axle servicing, railcar maintenance and produces a variety of parts for the rail industry in North America. The Leasing & Management Services segment operate railcar leasing business in North America and offers management services, such as software and services that include railcar maintenance management, fleet logistics and railcar accounting services. The Leasing & Management Services segment owns approximately 13,400 railcars.
The Greenbrier Companies, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended of November 30, 2018; Provides Earnings Guidance for the Fiscal Year 2019