The Greenbrier Companies received orders for 4,500 new railcars with a value of $580 million during Q2/23. Orders for the quarter included tank cars, automobile-carrying railcars, boxcars and covered hopper cars, and were consistent with Greenbrier’s expectations for the period. Separately, Greenbrier announced preliminary financial results for its fiscal Q2/23. Greenbrier expects revenue of approximately $1.1 billion, deliveries of 7,200 units and GAAP EPS of $0.95 to $1.00 per share.
“Our order activity and financial performance in the second quarter demonstrate Greenbrier’s market-leading position in freight railcar sales, leasing and services,” Lorie L. Tekorius, CEO and president of Greenbriar, said. “This reflects great execution by our commercial and leasing teams, excellence in engineering, agility in manufacturing and resourcefulness in global sourcing. Fundamentally, Greenbrier is well-positioned and moving ahead in our markets.”
