The Greenbrier Companies, Inc. reported unaudited consolidated earnings results for the first quarter ended of November 30, 2016. For the quarter, the company reported revenue of $552,314,000 compared to $802,389,000 a year ago. Earnings from operations were $72,660,000 compared to $148,485,000 a year ago. Earnings before income tax and earnings from unconsolidated affiliates was $70,936,000 compared to $143,049,000 a year ago. Net earnings were $47,966,000 compared to $98,713,000 a year ago. Net earnings attributable to the company were $24,962,000 compared to $69,433,000 a year ago. Diluted earnings per common share were $0.79 compared to $2.15 a year ago. Net cash provided by operating activities was $29,006,000 compared to net cash used in operating activities of $63,491,000 a year ago. Capital expenditures were $12,584,000 compared to $15,595,000 a year ago. Adjusted EBITDA was $85,671,000 compared to $104,384,000 a year ago.

For the full year of 2017, the company expects deliveries will be approximately 14,000 to 16,000 units. Revenue expected to be in the range of $2.0 billion to $2.4 billion. Diluted EPS expected to be in the range of $3.25 to $3.75. The company expects growth capital expenditures to be about $65 million, with about $25 million in proceeds from sales of leased assets. Depreciation and amortization is expected to be about $60 million. Tax rate is expected to be 28% to 30% based on the geographic mix of earnings.