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Stock Market & Financial Investment News

News Breaks
January 8, 2013
05:14 EDTGBXGreenbrier announces over $430M in new railcar orders since September 1
The Greenbrier Companies announced it is meeting demand for new railcars in North American and European markets with orders for over 4,200 units valued at over $430M since the start of its current fiscal year which began on September 1. Continued strength in North American shale energy markets generated orders for 1,250 of Greenbrier's higher margin tank cars with a value of approximately $160M. While Greenbrier has aggressively ramped tank car production over the last year in response to strong demand, order activity in the current fiscal year is diversified across a broad range of railcar types, with current tank car orders representing only 30 percent of all new business since September 1. Greenbrier has also received orders in North America and Europe for 1,400 automotive-related products valued at $140M. In North America, the company has received orders for nearly 1,000 automotive racks. Orders for 89-foot flatcars to support the rack deliveries are anticipated later in the fiscal year. In Europe, the company has received orders for more than 400 automotive-related railcars.
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March 19, 2015
08:28 EDTGBXGreenbrier order flow impressive, says Sterne Agee
After Greenbrier announced yesterday that it received 10.1K orders in the February quarter, Sterne Agee says that the company's strong order flow is especially impressive since it likely excludes much of the effect of crude by rail tank orders related to the new tank car standards expected in May. The firm says that Greenbrier's backlog now essentially covers about two years worth of deliveries. It keeps an $84 price target and Buy rating on the shares.
March 17, 2015
06:03 EDTGBXGreenbrier announces orders for 10,100 railcars valued at $1.09B
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