Greenbrier reported third fiscal quarter results for the period ended May 31, 2026, with revenue of $576.5 million and net earnings attributable to Greenbrier of $18.9 million (diluted EPS $0.60). Aggregate gross profit for the quarter was $81.1 million (14.1% margin) and EBITDA was $69.1 million. The company also expanded its owned lease fleet to 20,600 units with utilization at 99% and announced a $0.34 quarterly dividend.

Financial Highlights

  • Revenue: $576.5 million for Q3 FY26.
  • Gross profit (Aggregate gross margin): $81.1 million; aggregate gross margin percentage 14.1%.
  • Earnings from operations: $31.9 million; operating margin 5.5%.
  • Net earnings attributable to Greenbrier: $18.9 million; diluted earnings per share $0.60.
  • EBITDA: $69.1 million for the quarter.

Business Highlights

  • Owned lease fleet grew to 20,600 units, up 23% sequentially, with fleet utilization at 99%.
  • Manufacturing delivered 3,200 units in the quarter and reported improved manufacturing gross margin (9.9% vs. 7.6% prior quarter) driven by operating performance and product mix.
  • New railcar orders totaled 2,200 units valued at $340 million, leaving a backlog of 13,800 units (estimated value $2.0 billion) as of May 31, 2026.
  • Entered a new $425 million non-recourse term loan to support continued lease fleet growth and improved financing terms for leasing activities.
  • Board approved a quarterly dividend of $0.34 per share, payable August 6, 2026 (record date July 16, 2026), marking the 49th consecutive quarterly dividend.

Original SEC Filing:

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