By Katherine Hamilton

Greenbrier recorded higher earnings and sales in the fiscal third quarter, as the company takes steps to offset changing trade policy.

The railroad-equipment company on Tuesday posted a profit of $60.1 million, or $1.86 a share, in the quarter ended May 31, compared with $56.1 million, or $1.69 a share, a year earlier.

Revenue rose 11% to $842.7 million.

The Lake Oswego, Ore., company reiterated its guidance for revenue and deliveries, and raised its outlook for aggregate gross margin and operating margin. It plans to allot more capital expenditures than previously expected to manufacturing, and less to lease and fleet management.

Chief Executive Lorie Tekorius said Tuesday the company's focus on efficiency, agility and strategic investment is helping Greenbrier offset changes in the trade and economic environment. That comes after Greenbrier said in April it was anticipating lower demand for new railcars due to economic uncertainty and cut its full-year sales and delivery outlook.

Greenbrier is working on optimizing its footprint in Europe and insourcing its expansion in Mexico, Tekorius said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

July 01, 2025 16:41 ET (20:41 GMT)

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