The Greenbrier Companies, Inc. on Dec. 15, 2015 announced that, since Sept. 1, 2015, the beginning of its fiscal year, it has received orders for approximately 1,800 railcar units valued at nearly $170 million.
The orders cover a range of railcar types, including motor vehicle-carrying railcars, boxcars, hi-cube covered hoppers, and non-energy tank cars for the North American and European markets. Of the 1,800 units ordered, 500 units were received during the first quarter ended November 30, 2015 and 1,300 units were received subsequent to the quarter’s end. In addition, 200 units represent a change in the car-type mix of a previously announced large order for which the overall value of the entire order remains unchanged. “Certain orders are subject to customary documentation and completion of terms. A portion of the orders reflect an assumed product mix; the exact product mix will be determined in the future, which may impact the dollar amount of backlog,” Greenbrier said.
Additionally, Greenbrier reaffirmed guidance for FY2016, including deliveries of 20,000 to 22,500 units, revenue exceeding $2.8 billion, and diluted EPS in the range of $5.65 to $6.15.