FY24 consensus $3.52B. 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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GBX:
- Options Volatility and Implied Earnings Moves Today, April 05, 2024
- North American rail traffic up 1.8% for the week ending March 30
- GBX Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Options Volatility and Implied Earnings Moves This Week, April 01 – April 05, 2024
- North American rail traffic up 1.7% for the week ending March 23
