On Tuesday Greenbrier Companies Inc (NYSE:GBX)’s shares enhanced 3.02%, and closed at $62.43, as The Greenbrier Companies, Inc. stated financial results for its second fiscal quarter ended February 28, 2015. Net earnings attributable to Greenbrier for the quarter were $50.4 million, or $1.57 per diluted share, on proceed of $630 million. Adjusted EBITDA for the quarter was $102.7 million, or 16.3% of proceed.
New railcar backlog as of February 28, 2015 was 46,000 units with an estimated value of $4.78 billion (average unit sale price of $104,000), contrast to 41,200 units with an estimated value of $4.20 billion (average unit sale price of $102,000) as of November 30, 2014.
The Greenbrier Companies, Inc. designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing Segment offers double-stack intermodal railcars; tank cars; auto-max railcar, multi-max auto rack, and flat cars for automotive transportation; conventional railcars, such as boxcars, covered hopper cars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, gondolas and coil cars, coal cars, sliding wall cars, and automobile transporter cars; and marine vessels, counting conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
New Residential Investment Corp (NYSE:NRZ), inclined 2.99%, and closed at $15.83, hitting new 52-week high of $16.55, as on April 6, 2015, New Residential Investment Corp. proclaimed the commencement of a public offering of 40,000,000 shares of its ordinary stock, subject to market conditions. Of the total shares being offered, 28,286,980 shares are being offered by Home Loan Servicing Solutions, Ltd. (the “Selling Stockholder”) and the remainder (11,713,020 shares) is being offered by the Corporation.
As formerly revealed, the shares being offered by the Selling Stockholder were received as a portion of the consideration paid by the Corporation in connection with its attainment of substantially all of the assets of the Selling Stockholder. The Corporation will not receive any proceeds from the sale of the shares by the Selling Stockholder.
New Residential Investment Corp., a real estate investment trust (REIT), focuses on investing in and managing residential mortgage related assets. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments segments.
At the end of Tuesday’s trade, Alpha Natural Resources, Inc. (NYSE:ANR), surged 2.97%, and closed at $1.04, as the Alpha Natural Resources, Inc. a leading U.S. coal supplier, declared that it has accomplished the repurchase of an aggregate of about $593 million in principal amount of its unsecured notes, counting $82 million principal amount of its 3.75% convertible notes due 2017, $108 million principal amount of its 9.75% senior notes due 2018, $220 million principal amount of its 6.00% senior notes due 2019, $68 million principal amount of its 4.875% convertible notes due 2020 and $115 million principal amount of its 6.25% senior notes due 2021, in separate privately negotiated transactions with investors. Alpha funded the aggregate repurchase price of about $331 million for the unsecured notes through a combination of proceeds from the issuance of $214 million principal amount of 7.50% senior secured second lien notes due 2020 (Series B) (the “Series B Notes”) and $117 million of cash on hand.
Alpha Natural Resources, Inc., together with its auxiliaries, engages in extracting, processing, and marketing steam and metallurgical coal in Kentucky, Pennsylvania, Virginia, West Virginia, and Wyoming. It operates through two segments, Eastern Coal Operations and Western Coal Operations.
SandRidge Energy Inc. (NYSE:SD), gained 2.97%, and closed at $2.08, as the SandRidge will release its 2015 first quarter shareholder update and financial results after the close of trading on the New York Stock Exchange on Wednesday, May 6, 2015. The corporation will host a conference call to talk about these results on Thursday, May 7, 2015 at 8:00am CDT.
SandRidge Energy, Inc., an oil and natural gas corporation, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The corporation operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services.
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