Higher new railcar deliveries helped Greenbrier (NYSE: GBX) post sales of $1.05 billion, up 3.5% y/y for the fourth fiscal quarter and full year ended Aug. 31.
Net earnings for the quarter were $62 million, or $1.92 per diluted share, on revenue of $1.1 billion.
Earnings before interest, taxes, depreciation and amortization was $159 million.
The Portland, Oregon-based company’s lease fleet grew by 300 units to 15,500 units in the fourth quarter, with lease fleet utilization of nearly 99%.
Quarterly...
https://www.freightwaves.com/news/greenbrier-q4-rolls-on-higher-railcar-deliveries