Greenbrier reports Q3 FY 2017 results

The Lake Oswego, Ore.-based railroad transportation equipment manufacturer’s revenues for the quarter, which ended May 31, 2017, tumbled 28.3 percent year-over-year to $439.2 million.    Net earnings attributable to the Greenbrier Companies totaled $32.8 million for the third quarter of fiscal year 2017, which ended May 31, 2017, down 7.2 percent-year-over-year, according to the company’s latest financial statements.
   The Lake Oswego, Ore.-based railroad transportation equipment manufacturer’s revenues for the quarter stood at $439.2 million, down 28.3 percent from the corresponding period a year prior.

   During the quarter, Greenbrier:
     • Formed Greenbier-Astra Rail, Europe’s largest end-to-end freight railcar manufacturing, engineering and repair business;
     • Executed railcar services and a supply agreement with Mitsubishi UFJ Lease & Finance;
     • And increased its stake in Greenbrier-Maxion to 60 percent and Amsted-Maxion Cruzeiro to 24.5 percent.

   Greenbrier’s board declared a quarterly dividend of $0.22 per share payable on Aug. 8, 2017 to shareholders of record as of July 18, 2017.