By Connor Hart

Greenbrier cut its fiscal 2025 outlook, citing lower demand due to near-term economic uncertainty.

The railroad-equipment company on Monday said it now expects revenue of $3.15 billion to $3.35 billion for the year, down from a prior projection of $3.35 billion to $3.65 billion.

The company also cut its expectation for deliveries to between 21,500 units and 23,500 units, from between 22,500 units and 25,000 units. It forecast net capital expenditures of $360 million, compared with a prior view of $420 million.

Greenbrier's lower outlook came as the company said it would close one of its manufacturing plants, and as sales fell in its fiscal second quarter.

Chief Executive Lorie Tekorius said that market conditions and a comprehensive analysis in Europe led to the decision to close a facility in Romania. "Production will be consolidated into our remaining facilities and our capacity will remain the same but with a significantly lower cost footprint," she said.

Greenbrier posted a profit of $51.9 million for its fiscal second quarter ended Feb. 28, compared with $33.4 million in last year's comparable period. Quarterly per-share earnings rose to $1.56 from $1.03.

Revenue fell to $762.1 million from $862.7 million

During the recent quarter, the company reported new railcar orders for 3,100 units valued at nearly $400 million, as well as deliveries of 5,500 units, resulting in a new railcar backlog of 20,400 units with an estimated value of $2.6 billion.

Shares fall 3.9%, to $43, in after-hours trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 07, 2025 16:46 ET (20:46 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.