Exhibit 99.1

 

News Release

  LOGO

 

One Centerpointe Drive Suite 200 Lake Oswego, Oregon 97035 503-684-7000

   www.gbrx.com

 

For release: October 30, 2015, 6:00 a.m. EDT

   Contact:    Mark Rittenbaum
      Lorie Tekorius
      503-684-7000

Greenbrier Reports Record Fourth Quarter Results

~ Posts EPS of $2.02 ~

~ Expands aggregate gross margin to 22.8% ~

~ Increases quarterly dividend to $0.20 per share~

~ Issues 2016 earnings guidance at $5.65—$6.15 per share ~

Lake Oswego, Oregon, October 30, 2015 – The Greenbrier Companies, Inc. (NYSE: GBX) today reported financial results for its fourth fiscal quarter and full year ended August 31, 2015.

Fourth Quarter Highlights

 

    Net earnings attributable to Greenbrier for the quarter were a record $66.9 million, or $2.02 per diluted share, on record revenue of $765.5 million.

 

    Adjusted EBITDA for the quarter was a record $147.6 million, or 19.3% of revenue.

 

    New railcar backlog as of August 31, 2015 was 41,300 units with an estimated value of $4.71 billion (average unit sale price of $114,000), compared to 45,100 units with an estimated value of $4.86 billion (average unit sale price of $108,000) as of May 31, 2015.

 

    Diversified orders for 2,900 new railcars valued at $470 million were received during the quarter.

 

    New railcar deliveries totaled 6,200 units for the quarter, compared to 5,700 units for the quarter ended May 31, 2015.

 

    Marine backlog as of August 31, 2015 was approximately $52 million.

 

    Quarterly dividend increases 33% to $0.20 per share, payable on December 2, 2015 to shareholders of record as of November 11, 2015.

 

    Repurchased 495,952 shares of common stock at a cost of $21.8 million during the quarter, and an additional 490,123 shares at a cost of $17.8 million subsequent to August 31, 2015.

 

    Nearly $145 million of capital returned to shareholders through dividends and share repurchases since October 2013.

 

    Board authorizes $100 million increase to share repurchase program, bringing cumulative repurchase authorizations to $225 million since October 31, 2013.

Fiscal Year 2015 Highlights

 

    Record net earnings were $192.8 million, or $5.93 per diluted share, on revenue of $2.61 billion.

 

    Adjusted EBITDA was a record $433.8 million or 16.7% of revenue.

 

-More-


The following information was filed by Greenbrier Companies Inc (GBX) on Friday, October 30, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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