======Greenbrier (GBX) reported earnings on Wed 6 July 2016 (b/o)

Greenbrier beats by $0.04, beats on revs; softens FY16 guidance; increases quarterly dividend 5% to $0.21 per share  :

• Reports Q3 (May) earnings of $1.12 per share, $0.04 better than the Capital IQ Consensus of $1.08; revenues fell 14.2% year/year to $612.9 mln vs the $601.12 mln Capital IQ Consensus.
  • New railcar backlog as of May 31, 2016 was 31,200 units with an estimated value of $3.6 billion (average unit sale price of $116,000), compared to 34,100 units with an estimated value of $4.0 billion (average unit sale price of $116,000) as of February 29, 2016.
  • Diversified orders for 1,700 new railcars were received during the quarter, valued at $150 million, or an average price of ~$91,000 per railcar.
  • New railcar deliveries totaled 4,300 units for the quarter, compared to 4,500 units for the quarter ended February 29, 2016.
• Co issues guidance for FY16, lowers EPS to $5.70-5.90 from $5.70-6.10 vs. $5.79 Capital IQ Consensus; sees FY16 revs of ~$2.8 bln (from exceeding $2.8 bln) vs. $2.73 bln Capital IQ Consensus; lowers rail car deliveries to 20-21K from 20-22K.
• Dividend: Board declared a 5% increase in the quarterly dividend to $0.21 per share payable on August 10, 2016 to shareholders of record as of July 20, 2016.