The firm disclosed earnings of $0.60 per share for the latest quarter, matching Wall Street expectations.
Quarterly revenue was recorded at $576.50 million, missing analyst projections by $36.19 million. Compared with a year earlier, revenue decreased by 31.6 percent.
For the third quarter, aggregate gross margin percentage increased 230 basis points sequentially to 14.1 percent, driven by improved manufacturing margin.
Duringn the quarter, owned lease fleet grew to 20,600, up 23 percent sequentially, with utilization at 99 percent. The company entered into a new $425 million non-recourse term loan to support continued lease fleet growth. EBITDA was $69 million, or 12 percent of revenue.
For the third quarter, new railcar orders for 2,200 units were valued at $340 million, with deliveries of 3,600 units, resulting in a backlog of 13,800 units valued at $2.0 billion as of May 31, 2026.
The board approved a quarterly dividend of $0.34 per share, payable on August 6, 2026, to shareholders of record as of July 16, 2026, marking the 49th consecutive quarterly dividend.
Lorie L. Tekorius, CEO and President, stated, “Greenbrier executed well in Q3, delivering solid results across both Leasing & Fleet Management and Manufacturing. The current freight railcar environment enhances the value of our growing lease fleet, supporting strong performance as reflected in the 99 percent utilization.”
After-hours trading shows The Greenbrier Companies down 1.86 percent to a price of 47.02. This represents a decrease of 0.89 from the closing price of the regular trading session.
