FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / Articles / Read Article

Print

Greenbrier Highlights Market-leading Position, Growth Strategy

By:
Date: Apr 14, 2023 @ 07:15 AM
Filed Under: Industry News

The Greenbrier Companies, Inc. hosted its inaugural Investor Day in New York, during which members of the company's leadership team discussed Greenbrier's market-leading position and diverse capabilities, strategic priorities, and multi-year outlook.

Lorie Tekorius, Chief Executive Officer and President, said, "We are pleased to have shared our vision and long-term plan with the investment community during our first-ever Investor Day. Building on Greenbrier's long history, we continue to evolve the company to keep improving its performance over economic cycles. As a result of our actions, we expect Greenbrier to maximize its financial performance during periods of strong market demand and stabilize performance at higher levels when demand is less favorable. We are executing multiple initiatives to deliver these outcomes. By achieving these goals, we will continue our long history of delivering value to shareholders."

Topics discussed during the Investor Day included Greenbrier's:

  • Leadership position in North American, European, and Brazilian freight railcar manufacturing markets;
  • Diverse manufacturing capabilities and long track record of innovation;
  • Robust lease origination capabilities and unique syndication model;
  • Increase in financial performance across economic cycles;
  • Actions underway to improve margins in its Manufacturing segment;
  • Heightened commitment to grow recurring revenue base through lease fleet investments; and
  • Balanced capital allocation strategy focused on returning value to shareholders.

Additionally, Greenbrier unveiled long-term financial targets, including:

  • Growth of +100 percent in annual recurring revenue from its Leasing and Management Services segment;
  • Aggregate gross margin in the mid-teens by fiscal 2026; and
  • Return on invested capital of between 10 percent and 14 percent by fiscal 2026.


Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.