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.

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

“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.”