Greenbrier wins orders for 15,300 new railcars in Q4 valued at $1.9 billion

Greenbrier Cos. Inc. (GBX) said Thursday it has won orders for 15,300 new railcars valued at $1.9 billion. The Lake Oswego, Oregon-based railcar maker said the orders came in its fiscal fourth quarter through Aug. 31. The orders came from customers in various commercial sectors and spanned a range of railcar types, leading to the company's biggest quarterly order count in almost a decade. "The diverse range of orders across railcar types exceeded Greenbrier's expectations for the quarter," Chief Commercial Officer Brian J. Comstock said in a statement. "It also indicates Greenbrier's strength in our North American and European markets. Order levels are distinct from the high demand seen during the crude-by-rail era of the 2010s." The stock has gained 14% in the year to date, while the S&P 500 has gained 14.7%.

-Ciara Linnane

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09-21-23 0608ET

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