Greenbrier Receives Rail Car Orders

Greenbrier today announced it has received 3,800 new rail-car orders with an aggregate value of nearly $450 million during its fiscal second quarter that ended Feb. 28.

The orders include tank cars, automobile-carrying cars and covered hopper cars. The company also announced it expects revenue of approximately $650 million and unadjusted earnings per share of 7 to 9 cents in the fiscal quarter.

Challenges in the Romania and Gunderson manufacturing facilities and rail-car repair operations impacted results by 29 cents, including one-time charges of 14 cents related to loss contingencies on certain rail-car contracts — primarily in Romania — along with facility closure costs in the car repair operations, according to a Greenbrier press release.

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