Greenbrier Companies Expects To Exceed Prior EPS Outlook - Quick Facts

(RTTNews) - Railroad freight car equipment maker Greenbrier Cos., Inc. (GBX) announced that it expects to exceed previously provided earnings per share guidance of $5.70 to $5.85 (excluding non-recurring costs in the third quarter of $0.16 per share) for the fiscal year ended August 31, 2015.

Greenbrier said these higher expectations are principally driven by increased margins in the company's manufacturing segment, which includes lease syndications and a lower than anticipated tax rate related to geographic mix of earnings.

William A. Furman, Chairman and CEO said, "Our diversified backlog of 41,300 units valued at $4.71 billion as of August 31, 2015 is near all-time highs, giving us visibility well into 2016, 2017 and beyond.  Additionally, our recent expansion into Brazil and Saudi Arabia extends our geographical reach into new international markets and further diversifies our business.  Production facilities now include major factories in Mexico to serve North America and Latin America; Brazil which can reach African and Latin American export markets; Poland for Europe, near-Asia, Saudi Arabia and other Middle East markets; as well as our flagship factory, Gunderson, in the United States."