10-Q · April 7, 2026
Greenbrier reported Q2 revenue of $587.5M and diluted EPS of $0.47, both down materially versus prior-year and prior-quarter levels. Gross profit fell to $69.5M and operating income to $25.1M; however, operating cash…
Earnings analysis · 10-Q
GBX earnings analysis
Filed July 1, 2026 · Our reading of the company's report
The latest report
Greenbrier's Q3 2026 financial results showed a significant decline in revenue to $576.5 million, down 31.6% year-over-year, with diluted EPS of $0.60, slightly exceeding estimates of $0.59. The Manufacturing segment…
Read full summary
Greenbrier's Q3 2026 financial results showed a significant decline in revenue to $576.5 million, down 31.6% year-over-year, with diluted EPS of $0.60, slightly exceeding estimates of $0.59. The Manufacturing segment faced a 33.3% drop in revenue, primarily attributed to a 38.5% decrease in deliveries, while the Leasing & Fleet Management segment revenues saw a modest decline of 3.9%.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.6
What stood out
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EPS Slightly Exceeds Estimates
Reported EPS was $0.60, beating the estimate of $0.59 by 1.69%.
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Significant Revenue Decline
Revenue dropped by $266.2 million or 31.6% from $842.7 million in Q3 2025.
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Manufacturing Segment Revenue Down
Manufacturing segment revenue decreased by 33.3% to $529.1 million.
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Cost Reductions in Revenue
Cost of revenue decreased by 28.3%, from $691.2 million to $495.4 million.
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Administrative Expenses Lowered
Selling and administrative expenses decreased by $10.7 million, a reduction of 16.2% from $65.9 million.
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Net Gain on Disposition Holds Steady
Net gain from disposition of equipment was $6.0 million in Q3 2026, only slightly down from $7.0 million in Q3 2025.
What to watch
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Revenue Decline Due to Fewer Deliveries
Q3 revenue fell to $576.5 million, primarily due to a 38.5% decline in railcar deliveries.
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Lowered Expectations Setting
Despite maintaining total revenue guidance for FY 2026, management adjusted EPS guidance lower, indicating anticipated challenges.
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Impact of Tariffs and Trade Policies
Ongoing uncertainties related to tariffs are expected to adversely affect demand for new railcars and business operations.
Management's outlook
Fiscal 2026 guidance updated; maintaining revenue range but adjusting EPS downward.
Earlier filings 4
10-Q · January 8, 2026
Greenbrier (GBX) reported Q1 (three months ended November 30, 2025) revenue of $706.1 million and diluted EPS of $1.14, both below the prior-year quarter but above consensus. Manufacturing revenue fell materially while…
10-K · October 28, 2025
Greenbrier positions itself as an integrated global railcar manufacturer and lessor with scale in manufacturing, wheel services and fleet management. Backlog and backlog units have meaningfully declined to $2,200…
10-Q · July 2, 2025
Greenbrier reported a Q3 quarter with revenue of $842.7 million and diluted EPS of $1.86, both improving versus the prior-year quarter. Gross profit rose to $151.5 million and operating income increased to $92.6…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.