The Greenbrier Companies Looks Toward a New Stage of Growth
The Greenbrier Companies (NYSE: GBX), the second largest rail car manufacturer in North America (and the largest in Europe and South America) has seen the value of its rail car order backlog decrease over the last three fiscal years.
Source: The Greenbrier Companies 2018 Annual Report
That trend has caught up to the stock price, as it has significantly underperformed the S&P 500 over the past year, declining nearly 60%. But in its most recently reported quarter, ending May 31, 2019, the rail car backlog ticked up, and the company announced a major acquisition of the manufacturing assets of American Railcar Industries. Let's take a look at how Greenbrier is building strong momentum heading into the fourth quarter report and beyond.
Source Fool.com