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The Greenbrier Companies Sees FY24 Revenue $3.5B-$3.7B Vs $3.52B Est.

Author: Benzinga Newsdesk | April 05, 2024 08:34am

Business Update & Outlook

Based on current trends and production schedules, Greenbrier is updating guidance for fiscal 2024:

Deliveries of 23,500 – 25,000 units, including approximately 1,400 units in Brazil
Revenue of $3.5 – $3.7 billion
Capital expenditures of approximately $140 million in Manufacturing and $15 million in Maintenance Services
Gross leasing investment of approximately $350 million in Leasing & Management Services, which includes 2024 capital expenditures and transfers of railcars into the lease fleet that were manufactured and subsequently held on the balance sheet in 2023
Proceeds from equipment sales are expected to be approximately $75 million

Posted In: GBX