A Tale of Two Railcar Manufacturers
Greenbrier announced their Q3 earnings last week. From the press release,
“‘For the third quarter, Greenbrier achieved strong financial performance, with net earnings rising both sequentially and year-over-year. Our aggregate gross margin percent continues to surpass our mid-teens long-term target,’ said Lorie L. Tekorius, CEO and President. ‘These results reflect our continued progress on operational initiatives across the business, including footprint optimization in Europe, insourcing expansion in Mexico, and disciplined execution in our Leasing & Fleet Management segment, which is steadily building recurring revenue.’"