Exhibit 99.1

 

News Release   LOGO
One Centerpointe Drive Suite 200 Lake Oswego, Oregon 97035 503-684-7000   www.gbrx.com

 

 

For release: October 27, 2017, 6:00 a.m. EDT
     Contact:   

Lorie Tekorius, Investor Relations

         

Justin Roberts, Investor Relations

         

503-684-7000

Greenbrier Reports Fourth Quarter and Fiscal Year Results

~ Cash flow from operations in 2017 exceeds $280 million ~

~ Board increases dividend ~

~ Issues earnings guidance for fiscal 2018 ~

Lake Oswego, Oregon, October 27, 2017 – The Greenbrier Companies, Inc. (NYSE: GBX) today reported financial results for its fourth fiscal quarter and year ended August 31, 2017.

Fourth Quarter Highlights

 

    Revenue for the quarter of $611.4 million increased 39% from quarter ended May 31, 2017 reflecting higher deliveries.

 

    Net earnings attributable to Greenbrier for the quarter were $23.7 million, or $0.75 per diluted share, and include a $3.5 million ($0.11 per share) impact associated with a goodwill impairment charge recorded by GBW.

 

    Adjusted net earnings attributable to Greenbrier for the quarter were $27.3 million, or $0.86 per diluted share.

 

    Adjusted EBITDA for the quarter was $73.3 million, or 12.0% of revenue.

 

    New railcar deliveries totaled 5,500 units for the quarter.

 

    Diversified orders of 2,500 railcars were received during the quarter, valued at $200 million. In September, orders for another 1,400 units were received, valued at $120 million.

 

    New railcar backlog as of August 31, 2017 was 28,600 units with an estimated value of $2.80 billion.

 

    Board increases the quarterly dividend to $0.23 per share, payable on December 6, 2017 to shareholders of record as of November 15, 2017.

 

    Board extends share repurchase authorization to March 2019.

Fiscal Year 2017 Highlights

 

    Net earnings attributable to Greenbrier for the year were $116.1 million, or $3.65 per diluted share, and include a $3.5 million ($0.11 per share) impact associated with a goodwill impairment charge recorded by GBW.

 

    Adjusted net earnings attributable to Greenbrier for the year were $119.6 million, or $3.76 per diluted share, on revenue of $2.17 billion.

 

    Adjusted EBITDA for the year was $317.3 million, or 14.6% of revenue.

 

- More -


The following information was filed by Greenbrier Companies Inc (GBX) on Friday, October 27, 2017 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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