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Greenbrier (GBX) earnings
Greenbrier earnings: last reported Wed, 1 Jul 2026, for the quarter ended May 2026.
Greenbrier earnings callsGreenbrier earnings calls (GBX)
Latest concall · Q2 2026 · call held call held 01 Jul 2026
Greenbrier Q3 FY26 — Record margins at trough production as leasing scales
What went well
- Aggregate gross margin of 14.1%, up sequentially from Q2 and within the long-term target range, with management noting Greenbrier has never posted margins at this level given the low production volume
- Owned lease fleet expanded to 20,600 railcars with utilization at 99%; Leasing & Fleet Management revenue $47M, up 3% QoQ, plus ~4,400 railcars added via secondary-market acquisitions
- Diluted EPS of $0.60 and EBITDA of $69M (~12% of revenue), aided by stronger margins, favorable FX, lower Leasing net interest expense and a ~20% tax rate
What to watch
- New railcar demand at cyclical trough — industry forecasts <25,000 new railcars for CY2026, the lowest since 2010, pressuring Manufacturing (revenue $529M, down ~2% QoQ)
- FY26 EPS guidance narrowed to $3.00-$3.15 as some delivery activity shifts into FY2027, with lower Q4 ramp/absorption cited
Performance −12.8% 1Y
1Y: $45.96 on 29 Sept 2025 → $40.07. High $58.87 (24 Feb 2026), low $40.07 (30 Sept 2026).
Quarterly results
Q2 FY26: revenue down 31.6%, net profit down 68.6% against the same quarter last year.
| Line item | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,053 | 876 | 762 | 843 | 760 −28% | 706 −19% | 588 −23% | 577 −32% |
| EBITDA | 124 | 112 | 84 | 93 | 72 −42% | 61 −45% | 25 −70% | 32 −66% |
| Net profit | 62 | 55 | 52 | 60 | 37 −40% | 36 −34% | 15 −71% | 19 −69% |
How to read this
US$ million, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Balance sheet
| Year ending | Aug 2020 | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|---|
| Reserves | $885.46M | $881.70M | $897.70M | $897.50M | $1.03B | $1.20B |
| Total liabilities | $1.70B | $1.91B | $2.42B | $2.57B | $2.72B | $2.66B |
| Fixed assets | $711.52M | $670.20M | $645.20M | $619.20M | $711.70M | $726.70M |
| Total assets | $3.17B | $3.39B | $3.85B | $3.98B | $4.25B | $4.36B |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Insider filings
44 filings between Oct 17, 2025 and Jul 16, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$492.6K
2 sales by 2 insiders
Compensation
not trading decisions- 15
- Award — granted as compensation
- 5
- Option exercise — converted options into shares
- 20
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Krueger William J. | — | $300.0K | Jan 30, 2026 |
| Glenn William | — | $192.6K | Jul 13, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jul 16, 2026 | Teramoto Wendy L Director | Gift | 313 | $0 |
| Jul 13, 2026 | Glenn William SVP & President, Europe | Sale | 4,000 | $192.6K |
| Jun 17, 2026 | Donfris Michael J SVP, CFO | Tax withheld | 351 | $17.3K |
| Feb 3, 2026 | Teramoto Wendy L Director | Gift | 294 | $0 |
| Jan 30, 2026 | Krueger William J. SVP, COO, The Americas | Sale | 6,000 | $300.0K |
| Jan 7, 2026 | Bobb Stevan B. Director | Option exercise | 1,776 | $0 |
| Jan 7, 2026 | Teramoto Wendy L Director | Award | 3,465 | $0 |
| Jan 7, 2026 | Songer Jeffrey M Director | Option exercise | 1,776 | $0 |
| Jan 7, 2026 | Felton Wanda F Director | Option exercise | 2,022 | $0 |
| Jan 7, 2026 | Felton Wanda F Director | Award | 2,772 | $0 |
| Jan 7, 2026 | Garza Antonio O Director | Award | 3,465 | $0 |
| Dec 3, 2025 | Teramoto Wendy L Director | Award | 17 | $0 |
| Dec 3, 2025 | Bobb Stevan B. Director | Award | 12 | $0 |
| Dec 3, 2025 | Garza Antonio O Director | Award | 17 | $0 |
| Dec 3, 2025 | Songer Jeffrey M Director | Award | 12 | $0 |
| Oct 22, 2025 | Tekorius Lorie CEO and President | Award | 149,528 | $0 |
| Oct 22, 2025 | Comstock Brian J EVP & President, The Americas | Tax withheld | 22,196 | $1.02M |
| Oct 22, 2025 | Donfris Michael J SVP, CFO | Award | 10,262 | $0 |
| Oct 22, 2025 | Dornan Laurie R SVP, Chief HR Officer | Tax withheld | 6,066 | $277.6K |
| Oct 22, 2025 | Glenn William SVP & President, Europe | Award | 9,170 | $0 |
| Oct 22, 2025 | Krueger William J. SVP, COO, The Americas | Award | 47,862 | $0 |
| Oct 22, 2025 | Lucky Christian SVP, CLO and CCO | Tax withheld | 1,790 | $81.9K |
| Oct 22, 2025 | Lucky Christian SVP, CLO and CCO | Award | 11,188 | $0 |
| Oct 22, 2025 | Krueger William J. SVP, COO, The Americas | Tax withheld | 12,062 | $552.0K |
| Oct 22, 2025 | Tekorius Lorie CEO and President | Tax withheld | 52,303 | $2.39M |
| Oct 22, 2025 | Comstock Brian J EVP & President, The Americas | Award | 65,786 | $0 |
| Oct 22, 2025 | Meyer Matthew Joseph SVP, Finance & CAO | Award | 3,668 | $0 |
| Oct 22, 2025 | Dornan Laurie R SVP, Chief HR Officer | Award | 22,558 | $0 |
| Oct 18, 2025 | Tekorius Lorie CEO and President | Tax withheld | 10,047 | $454.8K |
| Oct 18, 2025 | Comstock Brian J EVP & President, The Americas | Tax withheld | 3,824 | $173.1K |
| Oct 18, 2025 | Donfris Michael J SVP, CFO | Tax withheld | 623 | $28.2K |
| Oct 18, 2025 | Dornan Laurie R SVP, Chief HR Officer | Tax withheld | 1,625 | $73.6K |
| Oct 18, 2025 | Glenn William SVP & President, Europe | Option exercise | 8,397 | $0 |
| Oct 18, 2025 | Krueger William J. SVP, COO, The Americas | Tax withheld | 2,232 | $101.0K |
| Oct 18, 2025 | Lucky Christian SVP, CLO and CCO | Tax withheld | 940 | $42.6K |
| Oct 18, 2025 | Meyer Matthew Joseph SVP, Finance & CAO | Tax withheld | 334 | $15.1K |
| Oct 17, 2025 | Meyer Matthew Joseph SVP, Finance & CAO | Tax withheld | 310 | $14.1K |
| Oct 17, 2025 | Donfris Michael J SVP, CFO | Tax withheld | 724 | $32.9K |
| Oct 17, 2025 | Lucky Christian SVP, CLO and CCO | Tax withheld | 504 | $22.9K |
| Oct 17, 2025 | Tekorius Lorie CEO and President | Tax withheld | 3,506 | $159.4K |
| Oct 17, 2025 | Comstock Brian J EVP & President, The Americas | Tax withheld | 1,666 | $75.8K |
| Oct 17, 2025 | Dornan Laurie R SVP, Chief HR Officer | Tax withheld | 483 | $22.0K |
| Oct 17, 2025 | Glenn William SVP & President, Europe | Option exercise | 2,701 | $0 |
| Oct 17, 2025 | Krueger William J. SVP, COO, The Americas | Tax withheld | 1,020 | $46.4K |
| Aug 8, 2025 | Huffines James R Director | Purchase | 2,500 | $112.1K |
| Aug 7, 2025 | Bobb Stevan B. Director | Award | 12 | $0 |
| Aug 7, 2025 | Garza Antonio O Director | Award | 17 | $0 |
| Aug 7, 2025 | Teramoto Wendy L Director | Award | 17 | $0 |
| Aug 7, 2025 | Songer Jeffrey M Director | Award | 12 | $0 |
| Jul 11, 2025 | Felton Wanda F Director | Sale | 3,652 | $198.3K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.