Greenbrier Posts $0.39 Core EPS, Guides FY27 to $2.75-$3.75 as Backlog Turns Up
GBX is trading near its 52-week low of $37.02 (0.8% above the low) on elevated volume (2.3× avg).
Summary
Greenbrier reported Q4 net earnings of $9M ($0.27/share) and FY26 EPS of $2.49, but backlog rose to 14,000 units worth $2.1B and FY27 guidance of $2.75-$3.75 EPS came in above the just-reported year.
Key Events · Earnings and Guidance · GBX
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Q4 Earnings Drop but Backlog Inflects
Q4 net earnings attributable to Greenbrier were $9M, or $0.27 per diluted share, on revenue of $591.0M. Orders of 3,400 units valued at $600M lifted backlog to 14,000 units / $2.1B — the first sequential increase since fiscal 2024.
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FY26 EPS Falls to $2.49 From $6.35
Full-year net earnings attributable to Greenbrier were $79.0M, or $2.49 per diluted share, versus $204.1M / $6.35 in fiscal 2025. Core net earnings were $82.6M, or $2.60 per diluted share, and Core EBITDA was $299.8M (12% of revenue).
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FY27 Guidance: $2.75-$3.75 EPS
Management guides fiscal 2027 revenue of $2.8B-$3.2B, operating margin of 7.0%-7.5%, EPS of $2.75-$3.75 and net capex of $225M-$275M, assuming North American industry deliveries of 26,000-28,000 units.
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Lease Fleet Grows 23% to 20,900 Units
The owned lease fleet reached 20,900 railcars at 98% utilization, with $1.04B of non-recourse lease debt against $1.33B of equipment on operating lease. The company returned $56M to shareholders in fiscal 2026 and declared a $0.34 quarterly dividend, its 50th consecutive.
Analysis · GBX · Manufacturing
Full-year net earnings fell to $79.0M ($2.49 per diluted share) from $204.1M ($6.35) a year earlier, and Q4 net earnings were just $9M ($0.27) — a weak print that lands with the stock near its 52-week low of $37.02. The offset is the order book: Q4 orders of 3,400 units worth $600M lifted backlog to 14,000 units / $2.1B, the first sequential increase since fiscal 2024, and management's FY27 EPS range of $2.75-$3.75 brackets the $2.49 just reported. The wide $1.00 spread on guidance, plus 7.0%-7.5% operating margin versus 4.3% in Q4, tells you how much of the recovery depends on tariff-driven order timing in North America. Cash is not the issue: $235.1M of cash and $1.84B total debt, with $225M-$275M of net capex planned.
How filings like this one have moved
In the 30 days to Oct 26, 2026, 36.2% of the 898 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.75%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GBX was trading at $37.30 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $37.02 to $59.19. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.