Courtesy of Benzinga.
Greenbrier Companies Inc (NYSE: GBX) reported stronger-than-expected second-quarter results.
Greenbrier projects second-half revenue and adjusted EBITDA to be higher than the first half.
Greenbrier’s quarterly net income climbed to $17.7 million, or $0.57 per share, from $550,000, or $0.02 per share, in the year-ago period. Its revenue climbed 60% to $458.2 million.
Analysts were expecting earnings of $0.47 per share on revenue of $444.5 million. Railcar deliveries surged around 70% y/y to 3,700 units.
Greenbrier shares closed at $19.70 on Thursday.
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