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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.”

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More News from 11/3/2005