Progressive Railroading

Newsletter Sign Up
Stay updated on news, articles and information for the rail industry

All fields are required.

Rail News Home Financials


Rail News: Financials

Greenbrier's car deliveries, backlog fall in fiscal third quarter

During its third fiscal third quarter ending May 31, The Greenbrier Cos. received an order for 600 double-stack intermodal platforms. However, the car builder’s backlog decreased slightly. On May 31, Greenbrier’s backlog totaled 16,900 units valued at $1.14 billion compared with a backlog of 18,300 units valued at $1.19 billion on Feb. 28.

Quarterly rail-car deliveries dropped, too. Deliveries totaling 3,000 units fell 17 percent compared with 3,600 units in FY2005’s third quarter.

“Lower deliveries were the result of changes in production rates to meet customer delivery requirements, a slower European freight-car market over the past year and the prior period including deliveries under a subcontract arrangement,” Greenbrier officials said in a prepared statement.

Fiscal third-quarter revenue totaling $266 million declined 8 percent and net earnings of $10.7 million rose 18 percent compared with FY2005’s third quarter.

Contact Progressive Railroading editorial staff.

More News from 6/29/2006