)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
The Greenbrier Companies
The Greenbrier Companies (GBX) investor relations material
The Greenbrier Companies Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2026 earnings summary26 Oct, 2026
Executive summary
FY26 delivered 15,400 railcars, $2,461.1M revenue, $2.60 Core EPS and 13.6% aggregate gross margin amid geopolitical and trade uncertainty and higher interest costs.
Versus FY22, deliveries were ~4,500 lower, while aggregate gross margin was 330 bps higher, Core EBITDA 30% higher and Core net earnings 76% higher.
Q4 orders of 3,400 units valued at $600M and 3,600 deliveries lifted backlog to 14,000 units valued at $2.1B, its first sequential increase since FY24.
Owned lease fleet reached 20,900 railcars, up 23%, with 98% utilization; FY26 Core EBITDA was $299.8M, or 12% of revenue.
FY27 priorities include safety, operating execution, cost discipline, disciplined lease-fleet growth and stronger through-cycle performance.
Financial highlights
FY26 revenue was $2,461.1M versus $3,240.2M in FY25; net earnings attributable to shareholders were $79.0M, or $2.49 per diluted share, versus $204.1M and $6.35.
FY26 Core net earnings were $82.6M, or $2.60 per diluted share; Core EBITDA was $299.8M, or 12% of revenue.
Q4 revenue was $591.0M, aggregate gross margin $79.8M, operating earnings $25.5M and net earnings attributable to shareholders $8.7M, or $0.27 per diluted share.
Q4 Core net earnings were $12.3M, or $0.39 per diluted share; Core EBITDA was $72.3M, or 12% of revenue, up from $69.1M in Q3.
FY26 results included $5.5M pre-tax facility rationalization costs; Q4 effective tax rate was ~6.5%, reflecting jurisdictional income mix and foreign currency.
Outlook and guidance
FY27 guidance: North American industry deliveries of 26,000–28,000 units, revenue of $2.8B–$3.2B, operating margin of 7.0%–7.5% and diluted EPS of $2.75–$3.75.
FY27 aggregate gross margin is expected at 14%–15%, with manufacturing gross margin in the low double digits; deliveries are expected to be back-half weighted.
Net capital expenditures are projected at $225M–$275M, with ~70% directed to lease-fleet growth; Leasing & Fleet Management revenue is expected to grow 12%–15%.
Assumptions include SG&A of $235M–$245M, net interest expense of $85M–$95M, tax rate of 26%–29% and D&A of $145M–$150M.
Guidance reflects uncertainty in order conversion; management expects demand, volume and absorption benefits to improve in FY27 H2, partly offset by lower fleet optimization gains.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from The Greenbrier Companies
- Global railcar leader with strong recurring revenue growth, robust backlog, and sustainability focus.GBX
Corporate presentation - Global railcar leader with strong recurring revenue growth, robust backlog, and strategic investments.GBXInvestor presentation
- Lease fleet expansion, efficiency gains, and global optimization drive strong performance and outlook.GBXGoldman Sachs Industrials and Materials Conference 2025
- Gross margin rose to 14.1% as lease fleet grew 23% and guidance remains strong.GBXQ3 2026
- Market leader with strong recurring revenue, robust margins, and a focus on sustainable growth.GBXInvestor presentation
- Q2 FY26 saw resilient earnings, strong cash flow, and revised guidance with robust backlog and liquidity.GBXQ2 2026
- Q1 earnings reached $36M with $98M EBITDA, 98% fleet utilization, and a $2.2B backlog.GBXQ1 2026
- EPS and EBITDA hit multi-year highs as backlog and lease utilization remain strong.GBXQ3 2024
- Q1 FY25 saw strong earnings, record margin, high lease utilization, and a $3B backlog.GBXQ1 2025
Next The Greenbrier Companies earnings date
Q1 20277 Jan, 2027
The Greenbrier Companies
Next The Greenbrier Companies earnings date
Q1 20277 Jan, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
The Greenbrier Companies, Inc. designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing, Wheels, and Leasing and Services.
The Manufacturing segment provides double-stack intermodal railcars; tank cars for the transportation of various liquid and gaseous commodities; conventional railcars comprising boxcars, covered hopper cars, center partition cars, solid bottom open top hopper cars, railcar movers, trailing devices for retarders or pushers that enhance the performance of locomotives in start/stop operations or on grades in switching yards; and mechanical products consisting of pressure vessel tanks that store natural gas fuels. The Greenbrier Companies, Inc. was founded in 1974 and is headquartered in Lake Oswego, Oregon.