The Greenbrier Companies, Inc. (GBX) Earnings Call Transcripts

The Greenbrier Companies, Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of fiscal 2026, The Greenbrier Companies reported revenue of $588 million and diluted earnings per share (EPS) of $0.47. The results reflect a sequential decline in deliveries but improved gross margins, attributed to operational efficiencies and a strong leasing business. Management updated guidance for fiscal 2026, projecting total revenue between $2.4 billion and $2.5 billion, with new railcar deliveries expected to be in the range of 15,350 to 16,350 units, indicating a shift in delivery timing into fiscal 2027.

Reported metrics

Guidance from management

Management expects total revenue for fiscal 2026 to be between $2.4 billion and $2.5 billion, with new railcar deliveries projected at 15,350 to 16,350 units. This guidance reflects a shift in delivery timing into fiscal 2027, not a change in underlying demand.

What management said

Yes. Harrison, this is Brian. So to give you an idea, I'd say it's a pretty even mix. We continue to have a strong lease origination profile in the back half of the year. So we'll see a number of new units go in. But we've also been very active in the secondary market in acquiring assets as well.

Sure, Harrison. This is Lorie. What I would say is while we don't give quarterly guidance, we do expect the second half to be more of an investment in our lease fleet as opposed to secondary market sales. So while we do expect to continue to have gains on sale because it's just a normal part of having a lease fleet, we do expect it to probably be less than in the first half.

What analysts pressed on

Analysts expressed concerns regarding the lower backlog levels and the potential for losing market share in a declining production environment. They questioned the impact of recent economic uncertainties on customer decision-making and order timing.

Main topics on the call

• Revenue Performance — Greenbrier reported revenue of $588 million, which reflects a sequential decline due to timing of deliveries. Management noted, 'aggregate gross margin and earnings exceeded prior periods with similar delivery levels,' i...
• Guidance Update — Management updated its fiscal 2026 guidance, expecting total revenue of $2.4 billion to $2.5 billion, down from previous expectations due to a shift in delivery timing. They stated, 'this is driven by order timing rather...
• Leasing & Fleet Management Strength — The Leasing & Fleet Management segment performed strongly, with fleet utilization above 98% and robust renewal rates. Management emphasized, 'more than half of our orders in the quarter were driven by lease originations,...
• Backlog and Order Activity — Greenbrier's backlog stood at approximately 15,200 railcars valued at $2.1 billion. Management indicated that, 'we're not seeing any fall away in underlying demand for railcars,' despite longer decision-making times from...

Read the full The Greenbrier Companies, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 30 The Greenbrier Companies, Inc. earnings call transcripts on record, spanning January 8, 2020 to July 1, 2026. Based on this history, The Greenbrier Companies, Inc. reports quarterly. The most recent call on file is dated July 1, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

GBX

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Machinery

Calls on record

30

First call

January 8, 2020

Most recent

July 1, 2026

Reporting cadence

quarterly