Greenbrier Companies Q3 FY2026 Results and FY2026 Outlook
Greenbrier Companies, Inc. (NYSE:GBX) announced third‑quarter fiscal 2026 results that met the consensus adjusted earnings per share of $0.60, translating to net earnings of $19 million or $0.60 per diluted share. Revenue for the quarter totaled $576.5 million, missing the analyst estimate of $612.69 million. The company’s aggregate gross margin improved sequentially to 14.1% from 11.8% due to better manufacturing efficiency.
During the quarter the firm delivered 3,600 railcar units and secured new orders for 2,200 units valued at $340 million. These orders increased the backlog to 13,800 units, an estimated $2.0 billion of future revenue. The owned lease fleet expanded 23% sequentially to 20,600 units, maintaining a utilization rate of 99%.
For fiscal 2026 the company provided guidance of $3.00‑$3.15 earnings per share, with a midpoint of $3.08, which is below the consensus estimate of $3.12. Revenue guidance was set at $2.4‑$2.5 billion, with a midpoint of $2.45 billion, also below the consensus of $2.53 billion.
Greenbrier entered into a new $425 million non‑recourse term loan to fund continued lease‑fleet growth. The board approved a quarterly dividend of $0.34 per share, payable on August 6, 2026, marking the company’s 49th consecutive quarterly dividend.
CEO and President Lorie L. Tekorius stated that the company executed well in Q3, delivering solid results across both Leasing & Fleet Management and Manufacturing, and highlighted that the current freight railcar environment enhances the value of the growing lease fleet, supporting strong performance reflected in the 99% utilization rate.
Greenbrier is headquartered in Lake Oswego, Oregon, and operates internationally through wholly‑owned subsidiaries and joint ventures that design, build, and market freight railcars in North America, Europe, and Brazil.