Greenbrier Companies Inc. Reports Second Quarter Fiscal Year 2026 Results

The Greenbrier Companies, Inc. reported its financial results for the second fiscal quarter ended February 28, 2026. The company generated strong operating cash flow of $159 million and maintained a high fleet utilization of 98%. New railcar orders for the quarter totaled 2,900 units valued at $390 million, with deliveries of 3,800 units, resulting in a backlog of 15,200 units worth $2.1 billion. The company's Board of Directors approved a 6% increase in the quarterly dividend to $0.34 per share. Net earnings attributable to Greenbrier were $15 million, or $0.47 per diluted share, with EBITDA at $61 million, representing 10% of revenue. The company is updating its fiscal 2026 guidance to reflect a more gradual production ramp-up, with increased investment in the lease fleet expected to drive double-digit growth and recurring revenue. Greenbrier is focused on operational execution, cost discipline, and improving through-cycle performance.