On 31 Jan 2020, The Greenbrier Companies, Inc. (NYSE: GBX) stock observed trading -45.69% off 52-week high price. On the other end, the stock has actually been noted 13.10% far from low cost over the last 52-weeks. The stock disclosed a relocation of -16.80% far from 50 day moving average and -17.39% away from 200 day moving average. Moving better, we can see that shares have actually been trading -12.41% off 20-day moving average. It has market cap of $781.48 M and dividend yield of 4.48%.
The Greenbrier Companies, Inc. (GBX) just recently mentioned monetary outcomes for its first fiscal quarter ended November 30, 2019.
First Quarter Highlights
Changed net profits attributable to Greenbrier for the quarter were $9.9 M, or $0.30 per diluted share, not consisting of $0.07 of ARI integration and acquisition-related expenses.
New railcar backlog as of November 30, 2019 was 28,500 systems with an estimated worth of $3.1 B. Subsequent to the quarter, Greenbrier agreed in principle to remove 575 units in stockpile in exchange for monetary consideration.
Orders for 4,500 diversified railcars were received during the quarter, valued at $450M.
Furman added, “Greenbriers irregular efficiency in the very first quarter of financial 2020 fell short of our expectations. Operating inefficiencies and element supply concerns triggered lost production days and decreased production at one of our newly-purchased ARI facilities.
Furman concluded, “Looking ahead, financial 2020 stays a year of execution and responsiveness to a rapidly changing need environment. We are continuing therapeutic actions at Greenbrier Rail Services including Repair, and expect these operations to enhance through the year.
The USA based business The Greenbrier Companies, Inc. moved with change of -4.52% to $24.09 with the total traded volume of 347506 shares in recent session versus to an average volume of 360.12 K. GBXs shares are at -19.22% for the quarter and driving a -43.20% return over the course of the previous year and is now at -25.72% considering that this point in 2018. There are 32.44 M shares impressive and 31.87 M shares are floated in market.
Net profits attributable to Greenbrier for the quarter were $7.7 M, or $0.23 per diluted share, on earnings of $769.4 M. Quarterly outcomes consist of $2.2 M, web of tax, ($ 0.07 per share) of integration and acquisition-related expenses from the American Railcar Industries (ARI) acquisition.
New railcar deliveries amounted to 6,200 units for the quarter.
Pre-tax ARI synergies of $2.8 M were accomplished in the quarter. Annual synergy target of $15.0 M is affirmed.
Orders subsequent to Q1 exceed 4,400 systems driven by worldwide sources, consisting of an important multi-year order in Brazil for brand-new railcars. In addition, an agreement to rebuild nearly 850 Brazilian railcars was finalized.
Adjusted EBITDA for the quarter was $74.2 M, or 9.6% of revenue.
On 31 Jan 2020, The Greenbrier Companies, Inc. (NYSE: GBX) stock observed trading -45.69% off 52-week high price. On the other end, the stock has actually been kept in mind 13.10% away from low cost over the last 52-weeks. The stock disclosed a relocation of -16.80% away from 50 day moving average and -17.39% away from 200 day moving average. Moving better, we can see that shares have been trading -12.41% off 20-day moving average. It has market cap of $781.48 M and dividend yield of 4.48%.
Board increases quarterly dividend 8.0% to $0.27 per share, payable on February 18, 2020 to shareholders as of January 28, 2020.