LAKE OSWEGO, Ore., Aug. 26, 2021 /PRNewswire/ -- The Greenbrier
Companies, Inc. (NYSE: GBX) ("Greenbrier"), a leading international
supplier of equipment and services to global freight transportation
markets, today announced new orders totaling 5,500 units valued at
more than $530 million received thus
far during its fourth fiscal quarter that began on June 1, 2021. This increases Greenbrier's
backlog and provides further visibility entering fiscal 2022.
Orders announced today are from a diverse mix of customers and
comprise a broad range of railcar types, including intermodal,
boxcars, tanks, covered hoppers and gondolas.
William A. Furman, Chairman and
CEO said, "Greenbrier continues to see momentum in our markets as
we navigate the economic recovery and COVID variants. Our
commercial and leasing teams have performed exceptionally in this
environment. Greenbrier's proven ability to adjust production
capacity in response to growing demand positions us to actively
secure new orders, strengthening our backlog. We expect this
order trend to continue into fiscal 2022."
Certain orders referenced in this release are subject to
customary documentation and completion of terms.
About Greenbrier
Greenbrier, headquartered in Lake
Oswego, Oregon, is a leading international supplier of
equipment and services to global freight transportation markets.
Through its wholly-owned subsidiaries and joint ventures,
Greenbrier designs, builds and markets freight railcars and marine
barges in North America,
Europe and Brazil. We are a leading provider of freight
railcar wheel services, parts, repair, refurbishment and
retrofitting services in North
America through our wheels, repair & parts business
unit. Greenbrier manages 445,000 railcars and offers railcar
management, regulatory compliance services and leasing services to
railroads and other railcars owners in North America. GBX Leasing (GBXL) is a special
purpose subsidiary that owns and manages a portfolio of leased
railcars that originate primarily from Greenbrier's manufacturing
operations. Together, GBXL and Greenbrier own a lease fleet of
8,700 railcars. Learn more about Greenbrier at www.gbrx.com.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: This press release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Greenbrier uses words
such as "continues", "growing", "momentum", "strengthening",
"trend" and "visibility", and similar expressions to identify
forward-looking statements. These forward-looking statements
relate to a variety of matters, including, without limitation,
statements that relate to Greenbrier's backlog and such backlog
being indicative of Greenbrier's level of future revenues,
Greenbrier's ability to adjust production capacity in response to
growing demand, the likelihood that Greenbrier's recent order trend
will continue into fiscal 2022 and other statements that are not
purely statements of historical fact. These forward-looking
statements are not guarantees of future performance and are subject
to certain risks and uncertainties that could cause actual results
to differ materially from the results contemplated by the
forward-looking statements. Factors that might cause such a
difference include, but are not limited to, factors impacting the
closing of the Notes. Other factors that might cause such a
difference are discussed in more detail under the headings "Risk
Factors" and "Forward Looking Statements" in Greenbrier's Annual
Report on Form 10-K for the fiscal year ended August 31, 2020 and Greenbrier's Quarterly
Reports on Form 10-Q for the fiscal quarters ended November 30, 2020 and February 28, 2021, and in Greenbrier's other
reports on file with the Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which reflect management's opinions
only as of the date hereof. Except as otherwise required by
law, Greenbrier does not assume any obligation to update any
forward-looking statements.
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SOURCE Greenbrier Companies, Inc.