GBX - The Greenbrier Companies, Inc.
Chart Events
Williams %R
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 19.65 |
| Open | 19.74 |
| Bid | 21.02 x 800 |
| Ask | 21.38 x 800 |
| Day's Range | 19.12 - 21.62 |
| 52 Week Range | 12.89 - 34.30 |
| Volume | 2,167,239 |
| Avg. Volume | 624,579 |
| Market Cap | 697.455M |
| Beta (5Y Monthly) | 1.64 |
| PE Ratio (TTM) | 9.94 |
| EPS (TTM) | 2.15 |
| Earnings Date | Jun 30, 2020 - Jul 06, 2020 |
| Forward Dividend & Yield | 1.08 (5.50%) |
| Ex-Dividend Date | Apr 21, 2020 |
| 1y Target Est | 20.00 |
Fair Value
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- Thomson Reuters StreetEvents
Edited Transcript of GBX earnings conference call or presentation 7-Apr-20 3:00pm GMT
Q2 2020 Greenbrier Companies Inc Earnings Call
- PR Newswire
Greenbrier Announces Enhancements to Greenbrier GIMSA Joint Venture Agreement; Reports Progress on $1 Billion Liquidity Target
The Greenbrier Companies, Inc. (NYSE: GBX) ("Greenbrier"), a leading international supplier of equipment and services to global freight transportation markets, today announced that it has amended its 50/50 joint venture agreement with Grupo Industrial Monclova, S.A. De C.V. (GIMSA), its manufacturing partner at Greenbrier GIMSA facilities in Monclova, Mexico. This and other measures will help Greenbrier achieve its goal of $1 billion in total liquidity.
- Insider Monkey
Were Hedge Funds Right About Greenbrier Companies Inc (GBX)?
Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the coronavirus recession coming, but a lot of hedge funds did. Even we published an article near the end of February and […]
- Benzinga
Idled Production, Layoffs Continue At Greenbrier
A week after warning of the potential for future manufacturing shutdowns and layoffs on its fiscal second quarter 2020 (ended February 29) conference call, railcar and equipment manufacturer Greenbrier Companies, Inc. (NYSE: GBX) announced that it has idled railcar production at its flagship Gunderson facility in Portland, Oregon.In its April 16 press release, Greenbrier announced that it has suspended production of double stack intermodal railcars due to the negative impacts from the COVID-19 pandemic, which has exacerbated the industry's surplus of intermodal railcars. This is the first time in 25 years that production on this line has been halted.In the week ended April 11, total North American intermodal traffic declined 18.6% year-over-year, and was down 8.8% through the first 15 weeks of the year compared to 2019 according to the Association of American Railroads. Total Intermodal Containers (U.S.) – SONAR: RTOIC.USAGreenbrier said that the Gunderson facility will continue to build food-grade refrigerated cars and insulated boxcars into July. Once the "work-in-progress" production is completed, that line will shut down, but could be restarted "after the current crisis subsides." The facility's Jones Act marine manufacturing operations will remain at "full strength" given a backlog that extends through 2020.The workforce reductions at Gunderson include 200 production workers and office staff. "It is difficult to part with Greenbrier Gunderson workers who have served us for many years and persevered through this and other national emergencies," stated Chairman and CEO William "Bill" Furman. A week ago, management estimated that production rates company-wide accounted for approximately 75% of its total manufacturing capacity. On the earnings call, management announced plans to further reduce capacity, potentially cutting the number of daily production shifts and workdays in the week.Since the beginning of its fiscal year beginning in September 2019, the railcar manufacturer has eliminated more than 20% of its workforce, nearly 4,000 workers, at facilities in Mexico and abroad as demand for railcars has declined.  A weak industrial economy and improved asset utilization by the railroads has resulted in an increase in the number of railcars in storage. Currently, 24% of the North American railcar fleet – nearly 400,000 railcars – and 20% of the intermodal fleet are in storage.   "Going forward, we intend to identify opportunities to profitably build railcar products at Greenbrier Gunderson. Meanwhile, we plan to keep and deploy some of our most experienced team members to other locations in our network, where different kinds of railcars are built," Furman said.At the close of its second fiscal quarter the company had total liquidity of $620 million with a stated goal of increasing that number to $1 billion through cost actions and capital expenditure (capex) reductions. The company ended the quarter with $713 million in net debt and a net debt to adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) ratio of 2.1x.Shares of GBX are 2% lower in midday trading.Image: GreenbrierSee more from Benzinga * Freightonomics: What to glean From JB Hunt's Surprisingly Ok 1Q Results, Cass, And Disappointing Retail Sales * Rising Joblessness Increases Candidate Pool For Nikola * WHO Ramps Up COVID-19 Emergency Supply Chain(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- MarketWatch
Coronavirus update: 2.08 million cases worldwide, 138,487 deaths; Trump to unveil guidelines reopening of economy
The number of global cases of the coronavirus that causes COVID-19 moved closer to 3 million on Thursday, as European leaders began to tentatively ease restrictions on movement and President Donald Trump promised guidelines for states on coming out of lockdown.
- MarketWatch
Greenbrier has laid off 20% of its workforce this year due to COVID-19 impacts
Greenbrier Companies Inc. said Thursday that it has laid off 3,700 people, or more than 20% of its workforce this fiscal year, because of the economic impacts of the COVID-19 pandemic. The railroad car maker said it has suspended production of rail cars at its flagship Gunderson facility in Portland, Oregon, citing a surplus of intermodal units in the North American rail fleet and declining rail loadings. The suspension of production will affect about 200 employees. The company said its marine operations at Gunderson will continue at full strength. The stock, which was still inactive in premarket trading, has dropped 41.1% over the past three months, while the S&P 500 has declined 16.1%.
- PR Newswire
Greenbrier idles railcar manufacturing at Gunderson facility in Oregon
The Greenbrier Companies, Inc. (NYSE:GBX) has suspended new railcar production at its Greenbrier Gunderson flagship manufacturing facility in Portland, Oregon due to the economic impacts of COVID-19. Greenbrier's adjustments in production and staffing levels respond to current and anticipated levels of new freight railcar demand, along with its earlier announced plans to cut costs and strengthen its balance sheet globally. Greenbrier's Jones Act-compliant marine business will continue operating.
- Simply Wall St.
Things Look Grim For The Greenbrier Companies, Inc. (NYSE:GBX) After Today's Downgrade
One thing we could say about the analysts on The Greenbrier Companies, Inc. (NYSE:GBX) - they aren't optimistic...
- Simply Wall St.
Earnings Beat: The Greenbrier Companies, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Shareholders will be ecstatic, with their stake up 42% over the past week following The Greenbrier Companies, Inc.'s...
- Zacks
Greenbrier (GBX) in Focus: Stock Moves 10.9% Higher
Greenbrier (GBX) saw a big move last session, as its shares jumped nearly 11% on the day, amid huge volumes.
- Benzinga
Coronavirus Takes Aim At North American Rail Traffic
North American rail traffic continues to tumble, pressured by significant drops in consumer activity as the COVID-19 pandemic takes hold globally.North American rail volume for the week ending last Saturday slipped 16.1% to 596,710 carloads and intermodal units, compared with the same period in 2019, the Association of American Railroads (AAR) said on Wednesday. On a year-to-date basis, rail volumes were down 6.7% to nearly 9.1 million carloads and intermodal units.Meanwhile, U.S. rail volumes fell 15.9% on a weekly basis to 429,095 carloads and intermodal units, and they slipped 8.1% for the first 14 weeks of 2020 to 6.6 million carloads and intermodal units.U.S. rail carloads (RTOTC.USA) are down by double-digit percentages from a year ago, as are U.S. intermodal containers (RTOIC.CLASSI) and trailers (RTOIT.CLASSI). Source: SONAR/AAR"The impact of the novel coronavirus on railroads is growing," said AAR Senior Vice President John T. Gray. "Since 1988, when our data began, total U.S. rail carloads were lower than they were last week only during a few Christmas and New Year's weeks, when rail operations are seasonally low. Part of the problem now is sustained weakness in coal carloads, but even excluding coal, carloads last week were down 13.1%. We haven't seen sustained declines of that magnitude since the Great Recession. With many consumers staying at home because of COVID-19, carloads for a number of commodities have dropped significantly, either because of the evaporation of consumer demand or because of slowing industrial activity.Weekly carloads of motor vehicles and parts tumbled 82.6% last week to 4,867, with caloads down 84% from just three weeks ago. These declines made carloads of autos and auto parts the "worst performing commodity category" of the week, according to AAR. But other commodities fell as well, including a 17.6% drop for nonmetallic minerals and a 13.7% decline for petroleum and petroleum products."Based on rail data, it's clear that many sectors of U.S. industry are beginning to feel the impact of coronavirus disruptions," Gray said.Source: AARWhat's going to happen to rail volumes and equipment in the second quarter?The Class I railroads will be kicking off earnings season next week, with Kansas City Southern (NYSE: KSU) being the first to announce its first-quarter earnings on April 17. How the railroads will adjust their sales guidance for 2020 in light of the COVID-19 pandemic remains to be seen, but CSX Corporation (NYSE: CSX), Norfolk Southern (NYSE: NSC) and Union Pacific Corporation (NYSE: UNP) have warned the Securities and Exchange Commission that the outbreak may materially affect their financial results.How rail volumes fare over these next several months also affects rail equipment manufacturers since they also must adjust production to projected volumes."Greenbrier is focused on two primary goals: protecting the safety and health of employees and preserving the economic well-being of our enterprise in this challenging environment. We are executing on the latter by increasing liquidity and sizing the organization properly in the current business environment," said Greenbrier Companies, Inc. (NYSE: GBX) Chairman and CEO William A. Furman on Tuesday. Greenbrier announced its results for its fiscal second quarter that ended on Feb. 29.During its earnings call, Greenbrier said it has implemented a new round of cost initiatives in response to the downturn in railcar demand that is likely to be worsened by the COVID-19 outbreak. It reduced headcount, largely in Mexico, has eliminated "nonessential" capital expenditures (capex) and is "aggressively" reducing operating expenses. Those plans include corporate travel restrictions, a hiring freeze and executive pay cuts.Greenbrier has reduced its manufacturing footprint by idling excess capacity throughout North America, including its aftermarket wheels, repair and parts locations, FreightWaves reported. The company has slowed production rates at some facilities to keep those production lines active versus idling.Expect intermodal volumes to fall this springU.S. intermodal volumes tumbled 15.7% last week to 218,184 intermodal containers and trailers as consumer spending dried up amid shelter-in-place orders across many U.S. states.Year-to-date U.S. intermodal volume is down 9.1% to nearly 3.4 million intermodal units.Intermodal volumes in the U.S. (RTOIC.USA), Canada (RTOIC.CAN) and Mexico (RTOIC.MEX) over the past year. Source: SONAR/AAR"With China in the very early stages of its own recovery, whether intermodal volumes will continue to fall — and if they do continue to fall, how far — will now depend to a large extent on what happens with consumer spending in North America," Gray said."That, in turn, will depend on how long social distancing steps must remain in place; how well and how quickly federal and state unemployment insurance and other programs fill gaps in household cash flows; and how much the current situation causes consumers to lose long-term confidence and remain in retrench mode not just when health concerns begin to recede but, more importantly, when they have been largely resolved," Gray continued.Other groups have expressed similar sentiments. The National Retail Federation (NRF) said on Tuesday that imports at the major U.S. retail container ports fell to their lowest level in five years in March, and that lower level is expected to continue through the early summer as the pandemic ripples across the globe and through the North American supply chain. "Even as factories in China have begun to get back to work, we are seeing far fewer imports coming into the United States than previously expected," NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. NRF produces a monthly report on port volumes, Global Port Tracker, with Hackett Associates."Many stores are closed, and consumer demand has been impacted with millions of Americans out of work. However, there are still many essential items that are badly needed, and because of store closures cargo may sit longer than usual and cause other supply chain impacts," Gold continued.NRF and Hackett Associates warned that even though the drop in port volumes will be deeper in the first half of the year, prospects for a sustained volume recovery in the second half of the year are still largely uncertain."The COVID-19 pandemic is unraveling the economy nationally and globally as most of the world moves toward a lockdown that entails the closure of significant portions of both the service and manufacturing industries," Hackett Associates Founder Ben Hackett said. "The largest drop is forecast for the first half of this year, but with uncertainty about the length of the lockdown and extent of the pandemic, the second half may not be in better shape."According to their Global Port Tracker, U.S. ports handled 1.51 million twenty-foot equivalents units (TEUs) in February, down 17% from January and 6.8% lower than February 2019. February's volumes are typically lower because of the Lunar New Year celebrations in China, although the coronavirus outbreak there extended factory shutdowns.Global Port Tracker estimates that imports in March will be 21.3% lower year-over-year to 1.27 million TEUs. That would be the lowest level since February 2015, which is when labor disputes at the West Coast ports slowed operations. The report also forecasts port volumes to be 8.93 million TEUs for the first half of 2020, which is 15.1% lower than the same period in 2019. In contrast, earlier forecasts before the pandemic put volumes at 10.47 million TEUs.Image: Flickr/Joe WolfSee more from Benzinga * TQL: 'Bully On The block'? * Truck Sales In Mexico Fall Sharply Due To Coronavirus Pandemic * Freight Sales Survey: The Power Of Video(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Simply Wall St.
Is Now The Time To Look At Buying The Greenbrier Companies, Inc. (NYSE:GBX)?
The Greenbrier Companies, Inc. (NYSE:GBX), which is in the machinery business, and is based in United States, received...
- Benzinga
Greenbrier's Earnings Beat Yields To Sobering Uncertainty
Railcar and equipment manufacturer Greenbrier Companies Inc. (NYSE: GBX) announced that it was further curbing manufacturing capacity and laying off 3,500 workers in response to continued declines in railcar demand, which have been exacerbated by the coronavirus outbreak.In its fiscal second quarter 2020 (ended Feb. 29) earnings release, Greenbrier reported adjusted net earnings of 46 cents per share, 17 cents per share better than analysts' forecasts. While the stock surged more than 30% higher in early trading, the company's earnings conference call with analysts and investors focused largely on cost reduction initiatives laid out in the release that are aimed at protecting the "viability of the enterprise.""Greenbrier is focused on two primary goals: protecting the safety and health of employees and preserving the economic well-being of our enterprise in this challenging environment. We are executing on the latter by increasing liquidity and sizing the organization properly in the current business environment," said Chairman and CEO William A. Furman.The company has implemented a new round of cost initiatives in response to the downturn in railcar demand that is likely to be worsened by the COVID-19 outbreak. In addition to the headcount reductions, which were largely in Mexico, Greenbrier has eliminated "non-essential" capital expenditures (capex) and is "aggressively" reducing operating expenses. Those plans include corporate travel restrictions, a hiring freeze and executive pay cuts.Further, management announced during the conference call that an additional 200 workers were let go on Monday.Greenbrier has reduced its manufacturing footprint by idling excess capacity throughout North America, including its aftermarket wheels, repair and parts locations. The company has slowed production rates at some facilities to keep those production lines active versus idling.Management estimated that current production rates account for approximately 75% of the company's total manufacturing capacity. They expect to reduce capacity by an additional 5 to 10 percentage points by the end of fiscal year 2020. They are looking at fewer daily production shifts at some facilities and potentially reducing production days from five or six a week to four.The Department of Homeland Security has designated Greenbrier's manufacturing and services facilities as "essential business."The COVID-19 pandemic is weighing on an already depressed railcar market. An industrial economic malaise as well as the emphasis on precision scheduled railroading (PSR), which is designed to improve asset utilization and reduce the number of railcars the Class I railroads need, have resulted in lower railcar demand and forced a large number of cars into storage.View more earnings on GBX Total Class I Carloads (U.S.) – SONAR: RTOTC.CLASSIRailcars in storage totaled 394,244 in March, down from the recent peak of 408,100 in December. As a point of reference, railcars in storage were well under 300,000 units during the freight peak in 2018, according to the Association of American Railroads. The organization also reported that total North American rail traffic was down 6% year-over-year for 2020 through week 13.Fiscal second quarter 2020 results The Lake Oswego, Oregon-based company's 46 cents in adjusted earnings per share bested analysts' forecasts. The adjustment excludes 5 cents per share in after-tax integration expenses associated with the American Railcar Industries acquisition. The company also benefited from cancellation fees of $9.2 million for railcars previously scheduled for production in the second half of 2020. Greenbrier's Key Performance IndicatorsIn the quarter, the company received 8,500 orders for railcars, taking its backlog to 30,800 units with an estimated value of $3.2 billion. However, railcar deliveries totaled 4,500 units, down 1,700 units from the company's fiscal first quarter and 600 units lower than the 2019 comparable period. Total revenue declined 5% year-over-year to $624 million, with a 560-basis-point (bp) increase in gross margin to 13.8%, 180 bps better than the company's fiscal first quarter. The margin improvement was a result of a favorable mix of railcars sold as well as the fee income received for cancellations, which doesn't come with a material cost offset.Given the uncertainty surrounding the outbreak and future demand, Greenbrier announced that it was suspending its fiscal 2020 guidance, which previously called for total railcar deliveries of 26,000 to 28,000 units, $3.5 billion in revenue and adjusted earnings per share of $2.60 to $3."While we have suspended earnings guidance, we expect to remain profitable," Furman said on the call. Additionally, management expects to see positive cash flow from operations through its fiscal year ending Aug. 31.The company reported total liquidity of $620 million, $170 million in cash. Greenbrier has targeted a goal of achieving $1 billion in liquidity through cost actions, most notably capex reductions. The company also plans to seek available corporate aid programs established by the government.Greenbrier ended the period with net debt of $713 million and a net debt to adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) ratio of 2.1x. The company has no significant debt maturities until late 2023.Unlike many truck manufacturers that have suspended dividends to preserve liquidity during the pandemic, Greenbrier announced that its quarterly dividend of 27 cents per share remains intact and will be paid on May 13.Shares of GBX were up 13% in midday trading on Tuesday.See more from Benzinga * Free COVID-19 Logistics Services Continue To Pour In * Freight Futures Daily Curve: 4/7 * Lawmakers Want Federal Railroad Administration To Enact COVID-19 Guidelines(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Benzinga
Greenbrier Companies: Q2 Earnings Insights
Shares of Greenbrier Companies (NYSE:GBX) jumped more than 14% after the company reported better-than-expected Q2 earnings.Quarterly Results Earnings per share rose 109.09% year over year to $0.46, which beat the estimate of $0.29.Revenue of $623,848,000 less by 5.29% year over year, which missed the estimate of $798,970,000.Looking Ahead Greenbrier Companies hasn't issued any earnings guidance for the time being.Greenbrier Companies hasn't issued any revenue guidance for the time being.Conference Call Details Date: Jan 08, 2020View more earnings on GBXTime: 12:05 AM ETWebcast URL: https://www.webcaster4.com/Webcast/Page/938/32697Price Action Company's 52-week high was at $36.41Company's 52-week low was at $12.89Price action over last quarter: down 41.93%Company Profile Greenbrier Companies Inc designs, manufactures and markets railroad freight car equipment in North America and Europe, marine barges in North America and provides wheel services, railcar refurbishment, and parts, leasing and other services to the railroad. Its segments include Manufacturing, Wheels, Repair and Parts, and Leasing and Services. The company generates a majority of its revenue from the manufacturing segment.See more from Benzinga * Lindsay: Q2 Earnings Insights * 12 Energy Stocks Moving In Tuesday's Pre-Market Session * 10 Industrials Stocks Moving In Tuesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- ACCESSWIRE
Greenbrier Cos., Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / April 7, 2020 / Greenbrier Cos., Inc. (NYSE:GBX) will be discussing their earnings results in their 2020 Second Quarter Earnings call to be held on April 7, 2020 at 11:00 AM ...
- Zacks
Greenbrier Companies (GBX) Surpasses Q2 Earnings Estimates
Greenbrier (GBX) delivered earnings and revenue surprises of 58.62% and -22.02%, respectively, for the quarter ended February 2020. Do the numbers hold clues to what lies ahead for the stock?
- MarketWatch
Greenbrier has cut 3,500 jobs on lower railcar demand; profit beats expectations while revenue is well below
Greenbrier Companies Inc. said Tuesday that it has reduced its global workforce by 3,500 employees as a result of lower railcar amid the coronavirus pandemic. The railroad car maker said it is suspending its previously provided financial guidance, eliminating all non-essential capital expenditures, cutting overhead costs, implementing a hiring freeze and the CEO and board of directors have reduced compensation. Separately, the company reported fiscal second-quarter net income for the qaurter to Feb. 29 that rose to $13.6 million, or 41 cents a share, from $2.8 million, or 8 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share of 46 cents beat the FactSet consensus of 26 cents. Revenue fell 5.2% to $623.8 million, well below the FactSet consensus of $780.6 million, citing fewer deliveries due to lower production rates. Manufacturing revenue of $623.8 million missed the FactSet consensus of $610.4 million and wheels, repair and parts revenue of $91.2 million was below expectations of $105.2 million. The stock, which was still inactive in premarket trading, has tumbled 54.1% over the past three months while the S&P 500 has declined 17.7%.
- PR Newswire
Greenbrier Reports Fiscal Second Quarter 2020 Results
The Greenbrier Companies, Inc. (NYSE: GBX) ("Greenbrier"), a leading international supplier of equipment and services to global freight transportation markets, today reported financial results for its second fiscal quarter ended February 29, 2020.
- PR Newswire
Greenbrier announces webcast and conference call of quarterly financial results
The Greenbrier Companies, Inc. (NYSE:GBX) invites shareholders and other interested parties to listen to its financial results conference call for the second quarter ended February 29, 2020, live, either over the Internet or via dial in.
- Investopedia
Top Railroad Stocks for Q2 2020
The railroad industry is one of the major components of the transportation sector and is closely tied to the economy's growth. Railroad companies operate vast networks that transport agricultural products, packaged foods, commodities, electronics, and other goods to companies and consumers. Major companies in the industry include Union Pacific Corp. (UNP), Hong Kong-based MTR Corporation Ltd., and CSX Corp. (CSX).
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6 Transportation Stocks With Low Price-Sales Ratios
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- American City Business Journals
Portland Harbor Superfund cleanup hits possible snag
Four companies are ratcheting up their fight to downsize the Portland Harbor Superfund site cleanup. Evraz Inc., Gunderson LLC (a Greenbrier Cos. unit), Schnitzer Steel Industries Inc. and Vigor Industrial LLC made their case in a letter this week to Andrew Wheeler, administrator of the U.S. Environmental Protection Agency, and in a 123-page petition to the agency.
- Simply Wall St.
A Sliding Share Price Has Us Looking At The Greenbrier Companies, Inc.'s (NYSE:GBX) P/E Ratio
Unfortunately for some shareholders, the Greenbrier Companies (NYSE:GBX) share price has dived 31% in the last thirty...
- Zacks
Is the Options Market Predicting a Spike in Greenbrier (GBX) Stock?
Investors need to pay close attention to Greenbrier (GBX) stock based on the movements in the options market lately.
