The Greenbrier Companies Sees FY24 Revenue $3.5B-$3.7B Vs $3.52B Est.
Portfolio Pulse from Benzinga Newsdesk
The Greenbrier Companies updates its fiscal 2024 guidance, projecting revenues of $3.5B-$3.7B, which aligns closely with the $3.52B estimate. The company anticipates delivering 23,500 – 25,000 units, including about 1,400 units in Brazil. Capital expenditures are expected to be around $140 million in Manufacturing and $15 million in Maintenance Services. Gross leasing investment is estimated at $350 million in Leasing & Management Services. Proceeds from equipment sales are forecasted to be approximately $75 million.
April 05, 2024 | 12:34 pm
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The Greenbrier Companies projects FY24 revenues of $3.5B-$3.7B, closely matching the $3.52B estimate, with significant investments in manufacturing, maintenance, and leasing services.
The updated fiscal 2024 guidance from Greenbrier Companies, particularly the revenue projection that closely matches analyst estimates, suggests a positive outlook for the company. The detailed capital expenditure and investment plans indicate a strategic approach to growth, which could positively influence investor sentiment and potentially lead to a short-term uptick in GBX stock price.
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