The Greenbrier Cos. reported lower net income and higher revenue for its fiscal 2019 first quarter amid strong orders for double-stack intermodal units, tank cars and heavy-duty flat cars.
GBX is an international supplier of equipment and services to the freight rail transportation markets.
Net earnings for the period ended Nov. 30 were $18 million, or 54 cents per diluted share, on revenue of $604.5 million. That compares with net earnings of $26.3 million, or 83 cents, on revenue of $559.5 million a year earlier.
