Greenbrier gains on quarterly railcar orders worth $1.9 bln

The Greenbrier Companies

21/09/2023 12:32

** U.S. railcar maker Greenbrier  GBX.N  up 6.16% at $41.73
before the bell 
    ** Co says it has received orders for 15,300 new railcars
with an aggregate value of $1.9 billion during Q4  urn:newsml:reuters.com:*:nTUAVRFTR
    ** Says railcar orders do not include any multi-year order
activity 
    ** "Although railcar loadings are not fully back at
pre-pandemic levels, growth in key commodity markets will keep
railcar demand steady" - Greenbrier
    ** YTD, GBX stock gained 17% vs. S&P SmallCap Machinery
index's  .SPSMCMAC  9% rise 

 (Reporting by Pratyush Thakur)
 ((Pratyush.Thakur@thomsonreueters.com))