Greenbrier (GBX) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 13, 2026

Before Open (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

0.6

Last Year’s EPS

1.86

Same Quarter Last Year

Analyst Consensus

Moderate Sell

Based on 3 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:Apr 07, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call conveys a balanced message: near-term volume and margin pressure driven by timing and product mix led to lower deliveries and a significant year-over-year margin decline in Q2, and backlog sits at its lowest comparable level since 2014. Offsetting these headwinds are substantial strengths — record liquidity, strong operating cash flow, a resilient and high-utilization leasing platform, disciplined capital allocation (including a 6% dividend increase), and targeted cost and footprint actions expected to generate savings. Management reiterated confidence in market fundamentals, provided guidance with mid-cycle margin targets above the quarter level, and expects margins and deliveries to improve in H3–H4 as timing drifts resolve.

Company Guidance

Management updated fiscal 2026 guidance calling for new railcar deliveries of 15,350–16,350 units (including ~1,500 from Greenbrier‑Maxion Brazil), total revenue of $2.4–$2.5 billion, aggregate gross margin of 14.8%–15.2% and operating margin of 7.0%–7.8%, with SG&A expected to be reduced by about $30 million versus prior year and fiscal 2026 EPS forecast at $3.00–$3.50; cadence-wise Q3 is expected to be similar to Q2 in deliveries with modest sequential gross‑margin improvement and Q4 to see further sequential improvement, capex for manufacturing unchanged at $80 million, gross investment in Leasing & Fleet Management raised to roughly $300 million (from $205 million) with equipment‑sale proceeds forecast at ~$175 million and a year‑end lease fleet target of >20,000 cars, while some deliveries are being shifted into early fiscal 2027.

Quarterly Revenue and Profitability

Q2 revenue of $588 million; aggregate gross margin of 11.8%; earnings from operations of $25 million (4.3% of revenue); diluted EPS of $0.47; EBITDA of $61 million (10.3% of revenue).

Record Liquidity and Strong Cash Generation

Total liquidity exceeded $1.0 billion (company record), comprising ~ $520 million cash and $560 million available borrowing capacity; generated approximately $159 million of operating cash flow in the quarter.

Leasing & Fleet Management Strength

Leasing business delivered high performance: fleet utilization above 98%, strong retention and renewal rates, and robust lease origination (more than half of quarterly orders were lease originations). Leasing gross margins run in the low-60% range and the company completed a $300 million ABS financing in February with strong investor demand.

Lease Fleet Growth and Capital Deployment

Gross investment in Leasing & Fleet Management increased to roughly $300 million (up from $205 million); company expects to finish fiscal 2026 with a lease fleet of over 20,000 railcars; equipment sales proceeds forecast at $175 million to optimize the portfolio.

Backlog Provides Near-Term Visibility

Backlog of approximately 15,200 railcars valued at $2.1 billion provides production visibility and a meaningful base of work as the company converts market opportunities into orders.

Shareholder Returns and Capital Discipline

Declared quarterly dividend of $0.34 (6% increase), the 48th consecutive quarterly dividend; repurchased $13 million of common stock in H1 with ~$65 million remaining authorization; disciplined capital allocation with targeted investments meeting return thresholds.

Updated FY26 Guidance Reflects Controlled Margin Targets

Fiscal 2026 guidance: new railcar deliveries 15,350–16,350 units (including ~1,500 from Brazil); total revenue $2.4–$2.5 billion; aggregate gross margin 14.8%–15.2%; operating margin 7%–7.8%; EPS $3.00–$3.50; SG&A reduction targeted at ~$30 million vs prior year.

Cost Savings and Footprint Optimization

Europe footprint rationalization (including full exit from Turkey and actions in Poland and Romania) expected to generate approximately $20 million of annualized savings when completed; continued manufacturing excellence initiatives to improve through-cycle margin performance.

Greenbrier (GBX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GBX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 13, 2026	2026 (Q3)	0.60 / -	1.86	―	―	―
Apr 07, 2026	2026 (Q2)	0.82 / 0.47	1.69	-72.19% (-1.22)
Jan 08, 2026	2026 (Q1)	0.79 / 1.14	1.72	-33.72% (-0.58)
Oct 28, 2025	2025 (Q4)	1.18 / 1.26	1.92	-34.37% (-0.66)
Jul 01, 2025	2025 (Q3)	0.98 / 1.86	1.06	75.47% (+0.80)
Apr 07, 2025	2025 (Q2)	1.78 / 1.69	1.03	64.08% (+0.66)
Jan 08, 2025	2025 (Q1)	1.16 / 1.72	0.96	79.17% (+0.76)
Oct 23, 2024	2024 (Q4)	1.40 / 1.92	0.92	108.70% (+1.00)
Jul 08, 2024	2024 (Q3)	1.15 / 1.06	1.02	3.92% (+0.04)
Apr 05, 2024	2024 (Q2)	0.86 / 1.03	0.99	4.04% (+0.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GBX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 07, 2026	$47.65	$49.03	+2.90%
Jan 08, 2026	$53.01	$47.56	-10.27%
Oct 28, 2025	$44.63	$41.42	-7.20%
Jul 01, 2025	$46.05	$55.76	+21.08%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.