Greenbrier Stock Moves Up On New Orders

  • Greenbrier Companies Inc GBX has received new orders totaling 5,500 units valued at more than $530 million received thus far during its fourth fiscal quarter that began on June 1, 2021.
  • Orders are from diverse customers and comprise a broad range of railcar types, including intermodal, boxcars, tanks, covered hoppers, and gondolas.
  • Greenbrier said new orders increase the backlog and provide further visibility entering fiscal 2022. 
  • The company expects this order trend to continue into fiscal 2022.
  • Price Action: GBX shares are trading higher by 1.03% at $44 during the premarket session on Thursday.
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