The Greenbrier Companies, Inc. (NYSE:GBX) reported its fourth quarter earnings results on Friday 23rd October 2020 before market open.
The railroad freight car equipment manufacturer, loss of $ 0.00 per share for the quarter
On adjusted basis, The Greenbrier Companies, Inc. reported income for the quarter of $ 0.16 per share, missed the consensus estimate of $ 0.30 income per share by $ 0.14 or 46.67 percent.
The firm had revenue of $ 636.43 million for the quarter, compared to the consensus estimate of $ 603.18 million. The revenues outshined analysts estimates by $ 33.25 million or 5.51 percent.
The financial report showed revenues down 30.39 percent versus fourth quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
William A. Furman, Chairman & CEO commented, Greenbrier continued to perform well during this period of weaker demand.  Critically, our diverse $2.4 billion backlog remains supported by strong customer commitments and provides clear visibility for several years. Entering fiscal 2021, we remain focused on maintaining our strong liquidity position. Greenbrier ended the quarter with more than $830 million of cash, an increase of nearly $100 million from the end of the third quarter.
