Greenbrier Celebrates Sequential Growth, Boosts Dividend
Railcar manufacturer Greenbrier (NYSE: GBX) has been going through a cyclical downturn for several years now, and investors have waited nervously to figure out when key business metrics might be able to pull out of their descent and start growing again. Changing conditions in the energy industry during 2015 led to a dramatic downturn in demand for the company's tank cars, and even as crude oil prices and production levels have stabilized and started to pick back up, some have been skeptical about Greenbrier's growth prospects.
Coming into Friday's fiscal fourth-quarter financial report, Greenbrier investors expected revenue to rebound from year-earlier levels, even though they believed that profit would remain under pressure. Greenbrier's top-line results weren't as good as some had hoped, but earnings success and upbeat guidance were enough to please many shareholders. Let's look more closely at Greenbrier and how it did during the quarter.
Image source: Greenbrier.
Source: Fool.com
Greenbrier Companies Inc. Aktie
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