The Greenbrier Companies today reported its profit in the second quarter of fiscal year 2013, ending Feb. 28, 2013, was $13.8 million, jumping 33 percent compared with $10.4 million in the previous quarter.
Quarterly revenue rose nearly 2 percent compared with the first quarter of the fiscal year to $423.2 million, driven by increase marine activity and higher average sales price on new railcar deliveries.
Railcar deliveries reached 2,700 units in the second quarter. Since Sept. 1, 2012, the beginning of fiscal year 2013, the rail equipment provider has received orders for 9,600 railcar units valued at more than $1.0 billion.
The new railcar manufacturing backlog in the second quarter was 11,700 units with an estimated value of $1.3 billion, up by 2,000 from the backlog at the end of the first quarter. Marine backlog reached $9.0 million in the second quarter.
Greenbrier’s management anticipates the company will deliver about 13,000 railcar units in 2013. They also expect its financial performance to be comparable with fiscal 2012.