GBX Fiscal 1Q21: ‘Strong Liquidity,’ $2.35B Backlog Written by Marybeth Luczak, Executive Editor
“Greenbrier remains focused on sustaining a high level of liquidity and carefully managing our manufacturing footprint in order to continue to generate operating cash flow,” Chairman and CEO William A. Furman said.
The Greenbrier Companies, Inc. (GBX), in its first fiscal quarter ended Nov. 30, 2020, reported a net loss of $10 million, attributable to the company, in what continues to be a “challenging market environment.” GBX noted it has been successful in maintaining cash flow and liquidity “essential components” of its operating strategy and its diversified $2.35 billion new railcar backlog of 23,900 units including orders for 2,900 railcars in the quarter, valued at $260 million “provides a baseload of activity as we gain greater visibility into customer needs as the year unfolds.”