Greenbrier Companies, Inc. (GBX), a manufacturer of railroad freight car equipment, on Friday reported earnings for the first quarter compared with loss for the same period last year. Earnings beat Street View.
Further, the company maintained its revenue guidance for fiscal 2024.
The company reported quarterly earnings of $31.2 million or $0.96 per share compared with loss of 16.7 million or $0.51 per share last year, on strong performance across all operating segments.
On average, six analysts polled by Thomson Reuters had expected earnings of $0.73 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue climbed to $808.8 million from $766.5 million the previous year. The Street view for revenue is $849.9 million.
Additionally, the company declared a dividend of $0.30 per share, payable on February 15, to shareholders on record January 25.
Looking forward to the full year, the company continues to expect revenue in the range between $3.4 billion and $3.7 billion.
In pre-market activity, Greenbrier shares are trading at $46.85, up 5.66% on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.