LAKE OSWEGO, Ore., June 20, 2019 – Greenbrier Companies Inc. (GBX) recently stated fiscal second-quarter net income of $2.80M, or $0.08 per diluted share, on revenue of $658.70M. Quarterly results included $4.70M, or $0.14 per diluted share, related to loss accruals on certain railcar contracts and facility closure costs in the railcar repair operations.

Second Quarter Highlights

• Adjusted EBITDA for the quarter was $37.40M, or 5.7% of revenue, and included $7.60M related to railcar contract loss accruals and facility closure costs.
• Orders for 3.80K diversified railcars were received during the quarter, valued at nearly $450.0M.
• New railcar backlog as of February 28, 2019 was 26.0K units with an estimated value of $2.70B. New railcar deliveries totaled 5.10K units for the quarter.