Greenbrier beats by $0.15, misses on revs; reaffirms FY18 EPS guidance, revs guidance
- Reports Q3 (May) earnings of $1.30 per share, $0.15 better than the Capital IQ Consensus of $1.15; revenues rose 46.0% year/year to $641.4 mln vs the $668.52 mln Capital IQ Consensus.
- New railcar backlog as of May 31, 2018 was 24,200 units with an estimated value of $2.3 billion.
- New railcar deliveries totaled 5,600 units for the quarter.
- Board declares quarterly dividend of $0.25 per share, payable on August 9, 2018 to shareholders as of July 19, 2018.
- Co reaffirms guidance for FY18, sees EPS of $5.00 vs. $4.19 Capital IQ Consensus Estimate; sees FY18 revs of ~$2.5 bln vs. $2.54 bln Capital IQ Consensus Estimate.
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