Greenbrier slips on quarterly loss, adj profit miss

The Greenbrier Companies

06/01/2023 14:04

** Shares of U.S. railcar maker Greenbrier  GBX.N  down 7.8%
at $32.2 before the bell
    ** Co posts quarterly loss of $17.3 mln, weighed down by $24
mln non-cash impairment at Portland manufacturing operation;
year-ago profit $5.6 mln
    ** Reports adj. profit of $0.05 per share, missing Wall
Street estimates of $0.50, according to Refinitiv IBES data
    ** Co says manufacturing margins hit by higher costs for
outsourced parts, material shortages and supply chain problems
    ** Shares of GBX fell 26.9% in 2022
 (Reporting by Anandita Mehrotra)
 ((Anandita.Mehrotra@thomsonreuters.com))