Quarterly ResultJul 1, 2026, 04:26 PM
Greenbrier Q3 EPS $0.60, Revenue $576.5M; Lowers FY26 EPS Guidance
AI Summary
Greenbrier reported third fiscal quarter 2026 net earnings of $19 million, or $0.60 per diluted share, on revenue of $576.5 million. The company achieved an aggregate gross margin of 14.1% and saw its owned lease fleet grow to 20,600 units with 99% utilization. Greenbrier also secured a new $425 million non-recourse term loan and approved a $0.34 per share quarterly dividend. However, the company updated its fiscal 2026 guidance, lowering its diluted EPS outlook to $3.00-$3.15 from the previous $3.00-$3.50 range.
Key Highlights
- Net earnings attributable to Greenbrier were $19M, or $0.60 per diluted share.
- Revenue for the third fiscal quarter ended May 31, 2026, was $576.5M.
- Aggregate gross margin percentage increased 230 basis points sequentially to 14.1%.
- Owned lease fleet grew 23% sequentially to 20,600 units with 99% utilization.
- New railcar orders totaled 2,200 units valued at $340M, with deliveries of 3,600 units.
- Board approved a quarterly dividend of $0.34 per share, payable August 6, 2026.
- Entered into a new $425M non-recourse term loan to support lease fleet growth.
- Updated fiscal 2026 diluted EPS guidance to $3.00-$3.15 (previously $3.00-$3.50).
Price Impact
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