"We believe our industry fundamentals are sound, and that several forces are driving new railcar demand that are uncoupled from the more uncertain economic and political environments," the company said in a statement.
For the quarter, the net income attributable to Greenbrier was $12.6 million, or 42 cents a share, compared with $7.7 million, or 33 cents a share, a year ago.
On an adjusted basis, it earned 52 cents a share.
Quarterly sales rose to $442.7 million from $178.8 million. New railcar deliveries were 4,000 units, compared to 700 units a year ago.
Analysts, on average, had expected earnings of 42 cents a share, before special items, on revenue of $435 million, according to Thomson Reuters I/B/E/S.
Greenbrier, which is valued at about $472.7 million and competes with American Railcar and FreightCar America, builds and maintains railroad freight cars. (Reuters)
