EarningsQ3 2026 Earnings Report
MX:GBX Q3 2026 EPS Results
Actual EPS$10.80
Consensus EPS$10.80
Beat/MissMet expectations
One Year Ago EPS$33.49
MX:GBX Q3 2026 Revenue Results
Actual Revenue$10.38B
Expected Revenue$11.03B
Beat/MissMissed by -$651.64M
YoY Revenue Growth-31.40%
Earnings Announcement Details
QuarterQ3 2026
Date07/01/2026
TimeAfter Close
Conference CallWednesday, July 1, 2026
MX:GBX Upcoming Earnings
Greenbrier's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:GBX Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed a resilient and well-capitalized company demonstrating operational discipline, margin improvement, strong leasing momentum (99% utilization and growing owned fleet), and robust liquidity. These positives offset near-term headwinds: weaker new-build demand (industry forecasts for 2026), a small sequential decline in manufacturing revenue, timing shifts of activity into fiscal 2027, and regulatory uncertainties around tariffs and couplers. Management emphasized diversified lease growth, cost control, and balanced capital allocation while narrowing guidance to reflect timing risks.Company Guidance
Quarterly Revenue and Profitability
Total revenue of $577 million for the quarter; aggregate gross margin improved sequentially to 14.1% (within long-term target range); earnings from operations of $32 million (~6% of revenue); diluted EPS of $0.60; EBITDA of $69 million (~12% of revenue).
Leasing and Fleet Management Expansion
Owned lease fleet expanded to 20.6k railcars with utilization exceptionally strong at 99%; leasing & fleet revenue $47 million, up 3% from Q2; lease originations represented 60% of total global orders (71% North America, 53% Europe); secondary market acquisitions of ~4.4k railcars during the quarter.
Order Intake and Backlog
Orders received of 2.2k railcars valued at $340 million during the quarter; backlog ended at 13.8k railcars valued at $2.0 billion, providing visible future production and revenue opportunities.
Strong Balance Sheet and Liquidity
Total liquidity approximately $887 million (cash $274 million plus $613 million available borrowing capacity); operating investments included $227 million deployed to expand leased railcars; refinanced leasing term loan with a $300 million facility (maturity extended 6 years) and added a delayed draw of up to $125 million.
Capital Allocation and Shareholder Returns
Declared quarterly dividend of $0.34 per share (49th consecutive quarterly dividend); approximately $65 million remaining under share repurchase authorization; continued disciplined capital allocation with target lease-fleet investment up to $300 million per year.
Operational and Commercial Execution
Manufacturing segment showed improved operating efficiency and margin progression despite low production levels, aided by insourcing investments; wheelset shipments exceeded expectations; Brazil (Greenbrier-Maxion) delivered strong operational and financial performance driven by agriculture and biodiesel demand.
Guidance Narrowing and Outlook
Fiscal 2026 revenue outlook maintained at $2.4B–$2.5B; EPS range narrowed to $3.00–$3.15, reflecting increased visibility and management confidence while acknowledging timing shifts into fiscal 2027.
Commercial Flexibility and Market Position
Lease origination capabilities and integrated go-to-market model highlighted as strategic strengths (direct sales, leasing partnerships, syndication), enabling flexibility to manage production and support utilization across markets.
MX:GBX Earnings History
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