Based on current trends and production schedules, Greenbrier expects the following performance in fiscal 2024: Deliveries of 22,500-25,000 units, including approximately 1,000 units in Brazil;Revenue of $3.4B-$3.7B; Capital expenditures of approximately $165M in Manufacturing and $15M 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 produced and held on the balance sheet in 2023; Proceeds from equipment sales are expected to be approximately $85M.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GBX:
- Options Volatility and Implied Earnings Moves Today, January 05, 2024
- North American rail traffic up 4.4% for the week ending December 30
- Options Volatility and Implied Earnings Moves This Week, January 03 – January 05, 2024
- North American rail traffic up 23.3% for the week ending December 23
- North American rail traffic up 5.7% for the week ending December 16