Greenbrier lands $325M in new orders

The Greenbrier Cos. has received new orders for 4,200 railcars and intermodal platforms valued at $325 million. Most are for doublestack platforms; the remainder are boxcars, covered hopper cars of various types, and various car types for the European market. Delivery is expected to occur mostly in 2011.

Greenbrier said orders for approximately 1,800 units were received during the latter part of the second quarter ended Feb. 28, with orders for the remaining 2,400 units received after the end of the quarter. These orders are in addition to orders for 1,900 new railcar platforms, which were also received during the company’s second quarter and which were previously disclosed by Greenbrier in January.

Greenbrier’s new manufacturing backlog as of Feb. 28 was approximately 9,500 units with a value of $720 million, compared to 8,100 units valued at $580 million as of Nov. 30, 2010.

The company also announced preliminary financial results for the quarter ended Feb. 28. Revenue is expected to be around $280 million. Greenbrier anticipates that it will report results near consensus analysts’ expectations of a loss of $0.01 per share for its second fiscal quarter.