Greenbrier's stock price fell 6% due to second-quarter earnings missing expectations and lowered guidance.

2026-04-07 21:32:19

Lake Oswego, Oregon — Greenbrier Companies, Inc. (NYSE:GBX)‘s second-quarter results failed to meet analysts’ expectations. Adjusted earnings per share were $0.47, $0.43 lower than the market’s widely expected $0.90. Revenue was $587.5 million, below analysts’ estimate of $685.36 million, down from the previous quarter’s $706.1 million.

After the news was released, the company’s stock price fell 6%.

The company also significantly lowered its full-year 2026 guidance. It now expects revenue of $2.4 billion to $2.5 billion, with a midpoint of $2.45 billion, far below analysts’ overall expectation of $2.89 billion. Greenbrier cut its full-year adjusted EPS guidance from the prior $3.75 to $4.75 range to $3.00 to $3.50. The company attributed the revised outlook to a more gradual ramp-up in production, with some deliveries pushed into early fiscal 2027, which it said was due to order timing rather than changes in underlying demand.

In the quarter, the company delivered 3,400 railcar units and received 2,900 new orders worth $390 million, bringing backlog to 15,200 units, estimated at $2.1 billion. Greenbrier generated strong operating cash flow of $159 million and maintained fleet utilization of 98.5%.

Lorie L. Tekorius, Chief Executive Officer and President, said: “Greenbrier delivered a solid second quarter in a low-production environment. Our diversified business model, supported by disciplined execution and strong cash generation, continues to drive performance.”

The company’s consolidated gross margin declined from 14.6% in the prior quarter to 11.8%, impacted by lower productivity, syndicated delivery timing arrangements, and planned facility downtime. Despite challenges in the quarter, Greenbrier’s board increased the quarterly dividend by 6% to $0.34 per share, marking the company’s 48th consecutive quarter of dividend payments.

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