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Greenbrier Companies Q2 net earnings $2.8 million, 0.08 per diluted share

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Christian Fernsby |
Greenbrier Companies
Greenbrier Companies   Quarterly results included $4.7 million related to loss accruals

The Greenbrier Companies reported financial results for its second fiscal quarter ended February 28, 2019.

Net earnings attributable to Greenbrier for the quarter were $2.8 million, or $0.08 per diluted share, on revenue of $658.7 million.

Greenbrier Companies' quarterly results included $4.7 million, or $0.14 per diluted share, related to loss accruals on certain railcar contracts and facility closure costs in the railcar repair operations.

Greenbrier Companies' adjusted EBITDA for the quarter was $37.4 million, or 5.7% of revenue, and included $7.6 million related to railcar contract loss accruals and facility closure costs.

Greenbrier Companies' orders for 3,800 diversified railcars were received during the quarter, valued at nearly $450 million.

Greenbrier Companies' new railcar backlog as of February 28, 2019 was 26,000 units with an estimated value of $2.7 billion.

New railcar deliveries totaled 5,100 units for the quarter. Board declares quarterly dividend of $0.25 per share, payable on May 15, 2019 to shareholders as of April 24, 2019.

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