Progressive Railroading

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

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

View Current Digital Issue »


Rail News Home Financials


Rail News: Financials

Greenbrier's FY2005 revenue reaches $1 billion


Yesterday, The Greenbrier Cos. reported fiscal fourth-quarter net earnings of $10.6 million, a 33 percent increase compared with fourth-quarter FY2005. Revenue rose 31 percent to $265 million and rail-car deliveries increased by 300 units to 3,300.

During full fiscal-year 2005, the company’s net earnings totaled $29.8 million, a 43 percent increase compared with FY2004. Greenbrier also registered record annual revenue of $1 billion, up 40 percent compared with the previous fiscal year. Car deliveries increased by 2,400 units to a record 13,200 units.

As of Aug. 31, Greenbrier’s North American and European backlog stood at 9,600 units valued at $550 million compared with 13,100 units valued at $760 million on Aug. 31, 2004, and 10,700 units valued at $580 million on Aug. 31, 2003.

“Fiscal 2005 was a very successful year for the company, marked by numerous financial, strategic and corporate governance accomplishments,” said Greenbrier President and Chief Executive Officer William Furman in a prepared statement. “Our backlog coupled with railroad industry fundamentals provides good financial visibility for 2006 and into 2007.”

Contact Progressive Railroading editorial staff.

More News from 11/3/2005