Greenbrier Companies (GBX) Stock Surges 9.5% After Hours on Strong Q3 Results
The Greenbrier Companies (GBX) shares surged 9.5% in after-hours trading following robust third-quarter earnings. Revenue climbed to $843 million, while net income ROSE to $60 million, reflecting sustained demand in freight equipment. Earnings per share reached $1.86, marking a 75.5% year-over-year increase.
Operational efficiency and higher deliveries fueled the growth. The company shipped 5,600 railcars in Q3, driven by improved productivity in North America and Mexico. A $2.5 billion backlog and 98.2% fleet utilization underscore resilience in the rail sector.
Margins expanded, cash FLOW approached $140 million, and strategic initiatives—including dividends, buybacks, and a new credit facility extending to 2030—signal confidence in long-term growth.
