Greenbrier vows additional sell-offs as net income falls
Apr 05, 2013 | 08:48 AM
| Frank Haflich
LOS ANGELES Greenbrier Cos. saw its quarterly net income fall sharply, and the rail car manufacturer has vowed to sell off additional assets in order to "liberate" capital.
The Lake Oswego, Ore.-based company posted net income of $13.84 million for the three months ended Feb. 28, down 21.7 percent from $17.67 million in the same period a year earlier on revenue that fell 7.6 percent to $423.17 million. For the fiscal first half, net income fell 24.6 percent to $24.27 million from $32.19 million a year earlier on revenue that dipped....
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