The Greenbrier Companies reported net earnings for its first fiscal quarter ended November 30, 2016 were $25.0 million on revenue of $552.3 million compared to $69.4 million on revenue of $802.4 million for the same quarter a year earlier.
The following highlights were excerpted from the news release:
William A. Furman, chairman and CEO, said, “Greenbrier’s fiscal 2017 is off to a strong start with solid financial performance delivered during a demanding first quarter. We had healthy manufacturing margins on lower deliveries, a testament to the strength of our manufacturing and leasing operations. We continue to execute on our strategy of focusing on our core North American operations while pursuing targeted investments in international markets.”
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