The Greenbrier Companies, Inc. financial results for the first quarter of its 2026 fiscal year ended Nov. 30, 2025 included net earnings attributable to Greenbrier of $36 million, or $1.14 per diluted share; EBITDA of nearly $98 million, or 14% of revenue; and operating cash flow of $76 million.
In Q126, Greenbrier received railcar orders for 3,700 units valued at $550 million and delivered 4,400 units. This activity resulted in a new-railcar backlog of 16,300 units with an estimated value of $2.2 billion as of Nov. 30, 2025. The company repurchased 303,000 shares for $13 million; $65 million remains under the current share repurchase program. The Board approved a quarterly dividend of $0.32 per share, payable on Feb. 17, 2026 to shareholders of record as of Jan. 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. 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.”
Effective Sept. 1, 2025, Greenbrier changed its methodology for allocating revenue and expenses associated with syndication activity between the Manufacturing and Leasing & Fleet Management reportable segments, “resulting in syndication activity being reflected in the Manufacturing segment,” This change, Greenbrier noted, “had no impact on the company’s consolidated results of operations or financial position,” adding that “prior period segment results have been recast to conform to the current period presentation.”
Download the Financial Statement:
