Media Kit » Try RailPrime™ Today! »
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.




railPrime
View Current Digital Issue »


RAIL EMPLOYMENT & NOTICES



Rail News Home Financials

1/12/2005



Rail News: Financials

Quarterly financials: Greenbrier off to good start in FY2005


advertisement


For The Greenbrier Cos., the first quarter of fiscal year 2005 was driven by R&D: revenue and rail-car deliveries. During the quarter ending Nov. 30, revenue totaling $218 million increased 61 percent and deliveries totaling 3,200 units rose 68 percent compared with first-quarter FY2004. Quarterly net earnings of $5.4 million increased 29 percent.

The company's North American and European car backlog totaled 10,300 units valued at $620 million on Nov. 30 compared with 11,500 units valued at $620 million on Nov. 30, 2003.

"Industry forecasts for 2005 indicate another strong year for new car orders," said Greenbrier President and Chief Executive Officer William Furman in a prepared statement. "We continue to develop a strong pipeline of potential orders. The order cycle for double-stack cars is expected to begin in spring and summer."

Last month, Greenbrier acquired Bombardier Transportation's 50 percent interest in Mexican car builder/joint venture Gunderson-Concarril (now Greenbrier-Concarril L.L.C.). Greenbrier officials expect the acquisition to increase second-half FY2005 earnings through improved purchasing and manufacturing efficiencies, and increased price competitiveness.


Contact Progressive Railroading editorial staff.

More News from 1/12/2005