ADVFN - Advanced Financial Network.
HOME» NYSE » G » GBX Stock Price » GBX Stock News

Greenbrier Share News

 Greenbrier Companies (the) Stock Price
GBX Stock Price
 Greenbrier Companies (the) Stock Chart
GBX Stock Chart
 Greenbrier Companies (the) Stock News
GBX Stock News
 Greenbrier Companies (the) Company Information
GBX Company Information
 Greenbrier Companies (the) Stock Trades
GBX Stock Trades

Greenbrier Warns Of Surprise 4Q Operating Loss, Gets $200 Million In Orders

DOW JONES NEWSWIRES Greenbrier Cos. (GBX) warned it expects to post a surprise fiscal fourth-quarter operating loss on lower-than-forecast revenue, as it also announced it received $200 million in orders for 3,000 new railcars. The railcar manufacturer's refurbishment and parts and marine segments dragged on the latest quarter's results, President and Chief Executive William Furman said. It announced last month discussions to cancel, modify or postpone contracts representing more than 85% of its marine backlog. Greenbrier had benefited from cost-cutting of late and in its third quarter swung to an unexpected profit as margins surged. Freight demand has picked up from last year's woeful levels as the economy has improved. For the period ended Aug. 31, the company expects to report a loss of 15 cents to 20 cents a share, excluding a 50-cent gain related to the deconsolidation of its former TrentonWorks unit. It sees revenue of about $185 million. Analysts polled by Thomson Reuters most recently forecast earnings excluding items of 8 cents on $222 million in revenue. Meanwhile, the company expects the new orders, which followed $130 million in contracts the company announced last month, to have a "meaningful positive impact" in 2011. The orders--for double-stack intermodal platforms, covered hopper cars and railcars for the European market--are expected to be delivered this and next year. Contract woes have weighed heavily on the company. In December,it agreed to at least halve a $1.2 billion agreement with General Electric Co. (GE) that had accounted for most of its backlog. Greenbrier shares closed Friday at $13.26 and were inactive premarket. The stock has gained 28% this year. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240;

Stock News for Greenbrier (GBX)
02/12/201617:51:28Statement of Changes in Beneficial Ownership (4)
02/11/201614:02:56Statement of Changes in Beneficial Ownership (4)
02/11/201613:54:54Statement of Changes in Beneficial Ownership (4)
02/10/201612:13:12Amended Statement of Ownership (sc 13g/a)
02/09/201615:52:31Amended Statement of Ownership (sc 13g/a)
02/03/201608:40:00Greenbrier Swaps Its Financial Chief
02/03/201606:09:28Current Report Filing (8-k)
02/03/201606:00:00The Greenbrier Companies Announces New Leadership Assignments
02/02/201618:35:00Greenbrier to webcast presentation at the 2016 BB&T 31st Annual...
02/02/201618:35:00Greenbrier to webcast presentation at the Stifel 2016 Transportation...
01/12/201616:07:46Current Report Filing (8-k)
01/12/201606:03:32Amended Statement of Ownership (sc 13g/a)
01/12/201606:03:30Amended Statement of Ownership (sc 13g/a)
01/11/201615:12:46Statement of Changes in Beneficial Ownership (4)
01/11/201615:11:24Statement of Changes in Beneficial Ownership (4)
01/11/201615:09:31Statement of Changes in Beneficial Ownership (4)
01/11/201615:07:14Statement of Changes in Beneficial Ownership (4)
01/11/201615:05:23Statement of Changes in Beneficial Ownership (4)
01/11/201615:03:08Statement of Changes in Beneficial Ownership (4)
01/11/201615:01:18Statement of Changes in Beneficial Ownership (4)

Greenbrier and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations