Lake Oswego, Oregon
January 8, 2026
Greenbrier Reports First Quarter 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 first fiscal quarter ended November 30, 2025.
First Quarter Highlights
- Net earnings attributable to Greenbrier of $36 million, or $1.14 per diluted share.
- EBITDA of nearly $98 million, or 14% of revenue.
- Operating cash flow of $76 million.
- In Q1, new railcar orders for 3,700 units valued at $550 million and deliveries of 4,400 units, resulting in a new railcar backlog of 16,300 units with an estimated value of $2.2 billion as of November 30, 2025.
- Repurchase of 303,000 shares for $13 million; $65 million remaining under current share repurchase program.
- Board approves quarterly dividend of $0.32 per share, payable on February 17, 2026 to shareholders of record as of January 27, 2026, representing Greenbrier’s 47th consecutive quarterly dividend.
  “Greenbrier delivered solid results in Q1,” said Lorie L. Tekorius, CEO and President. “Leasing and Fleet Management provided stability through strong execution and recurring cash flows including selectively recycling capital through fleet sales in a strong equipment market to support liquidity and balance sheet strength. Manufacturing achieved good operating performance on lower volumes.”
Tekorius added, “Across the business, we remain focused on operational excellence, disciplined cost management, and maintaining the flexibility to respond quickly as market conditions evolve. Our strategy and priorities remain unchanged as we work to deliver improved through-cycle performance and long-term shareholder value.”
Business Update & Outlook
Greenbrier is reiterating operating metrics and updating capital expenditure guidance for fiscal 2026:
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