GBX

EX-99.1

2 gbx-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Earnings Release

One Centerpointe Drive, Suite 200, Lake Oswego, Oregon 97035 503-684-7000

www.gbrx.com

October 26, 2026

Contact:

Travis Williams, Investor Relations

Jack Isselmann, Media Relations

Ph: 503-684-7000

Greenbrier Reports Fourth Quarter and Fiscal 2026 Results

The Greenbrier Companies, Inc. (NYSE: GBX) (“Greenbrier”), a leading international supplier of equipment and services to global freight transportation markets, today reported financial results for its fourth fiscal quarter and year ended August 31, 2026.

Fourth Quarter and Full Year Highlights

• Q4 new railcar orders for 3,400 units valued at $600 million and deliveries of 3,600 units resulted in new railcar backlog of 14,000 units with an estimated value of $2.1 billion as of August 31, 2026.

• Completed programmatic restoration work on approximately 2,200 railcars during fiscal 2026; Not included in backlog, these units support volume in our manufacturing plants and fixed cost absorption.

• Q4 Net earnings attributable to Greenbrier were $9 million, or $0.27 per diluted share. Results include $4 million ($0.12 per share) of expense related to facility rationalization costs, net of tax and noncontrolling interest.

• Q4 Core net earnings attributable to Greenbrier were $12 million or $0.39 per diluted share.

• Core EBITDA was $72 million in Q4, or 12% of revenue.

• Fiscal 2026 Net earnings attributable to Greenbrier were $79 million, or $2.49 per diluted share. Results include $4 million ($0.11 per share) of expense related to facility rationalization costs, net of tax and noncontrolling interest.

• Core net earnings attributable to Greenbrier in fiscal 2026 were $83 million, or $2.60 per diluted share.

• Fiscal 2026 Core EBITDA was $300 million, or 12% of revenue.

• Owned lease fleet grew 23% in fiscal 2026, to 20,900 units, maintaining strong utilization of 98%.

• Returned $56 million to shareholders in fiscal 2026 through dividends and share repurchases.

• Board approved quarterly dividend of $0.34 per share, payable on December 2, 2026 to shareholders of record as of November 11, 2026, representing Greenbrier's 50th consecutive quarterly dividend.

- More -

Greenbrier Reports Fourth Quarter and Fiscal 2026 Results (Cont.)

Page 2

“Order activity improved in the fourth quarter despite tariff uncertainty in our North America markets, particularly in tank cars, triggering delays in long-lived railcar investment decisions,” said Lorie L. Tekorius, CEO and President. “The first sequential increase in backlog since fiscal 2024 represents a pivot by freight shippers toward moving goods by rail in North America. Our lease fleet grew by 23% to nearly 21,000 railcars at year end, with utilization of 98%, further establishing a recurring revenue base supporting results across market conditions and industry cycles.”

Tekorius added, “Rail traffic increases and elevated diesel prices have boosted inquiries in North America early in fiscal 2027, as freight shippers seek increased access to rail. Our focus on operational execution, cost management and disciplined growth of the lease fleet continues. Advancing these priorities will improve through-cycle performance and drive long-term shareholder value.”

Financial Summary

Q4 FY26

Q3 FY26

Sequential Comparison – Main Drivers

Revenue

$591.0M

$576.5M

Favorable product mix and higher leasing revenue

Aggregate gross margin

$79.8M

$81.1M

Syndication timing and operational inefficiencies

Aggregate gross margin %

13.5%

14.1%

Selling and administrative expense

$56.0M

$55.2M

Net gain on disposition of equipment

$1.7M

$6.0M

Similar levels of asset sales as part of regular lease fleet optimization, offset by facility-related rationalization costs

Earnings from operations

$25.5M

$31.9M

Facility-related rationalization costs of $4 million and lower aggregate gross margin

Operating margin %

4.3%

5.5%

Core EBITDA (1)

$72.3M

$69.1M

Excludes facility-related rationalization costs

Effective tax rate

6.5%

19.5%

Mix of income in operating jurisdictions and foreign currency impact

Core Diluted EPS (1)

$0.39

$0.60

Excludes facility-related rationalization costs

(1) See reconciliation at conclusion of Supplemental Information.

Segment Summary

Q4 FY26

Q3 FY26

Sequential Comparison – Main Drivers

Manufacturing (1)

Revenue

$538.9M

$529.1M

Favorable product mix

Gross margin %

9.2%

9.9%

Syndication timing and operational inefficiencies

Earnings from operations

$21.1M

$30.4M

Facility-related rationalization costs of $4 million and lower gross margin

Operating margin % (2)

3.9%

5.7%

Deliveries (3)

3,200

3,200

- More -

Greenbrier Reports Fourth Quarter and Fiscal 2026 Results (Cont.)

Page 3

Leasing & Fleet Management

Revenue

$52.1M

$47.4M

Growth of lease fleet, partially offset by lower interim rent on railcars held for syndication

Gross margin %

57.6%

60.3%

Higher fleet maint

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