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Greenbrier revenue falls as railcar demand weighs on gross sales

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Greenbrier revenue falls as railcar demand weighs on gross sales


Greenbrier Cos. reported a pointy decline in quarterly revenue and income because the freight-railcar producer contended with weaker demand and facility-related prices.

The Lake Oswego, Ore., firm (NYSE: GBX) noticed a rise in its order backlog and development in its leasing fleet amid enhancing enterprise circumstances.

The corporate mentioned Monday that web earnings attributable to Greenbrier fell to $8.7 million, or 27 cents a diluted share, in its fiscal fourth quarter ended Aug. 31, from $36.8 million, or $1.16 a share, a 12 months earlier. Income declined 22% to $591 million from $759.5 million.

Excluding facility-rationalization prices, core earnings have been 39 cents a share. The costs lowered quarterly earnings by 12 cents a share after tax and non-controlling pursuits.

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Income fell wanting analysts’ expectations of about $605 million, whereas core earnings missed the 80-cent analysts’ consensus of MarketBeat.

Greenbrier obtained orders for 3,400 new railcars valued at $600 million in the course of the quarter and delivered 3,600 items. Its backlog stood at 14,000 railcars price an estimated $2.1 billion at fiscal year-end, marking the primary sequential enhance since fiscal 2024.

Retiring Chief Government Lorie Tekorius mentioned tariff uncertainty continued to delay prospects’ funding selections, notably for tank automobiles, at the same time as order exercise improved.

“Rail site visitors will increase and elevated diesel costs have boosted inquiries in North America early in fiscal 2027, as freight shippers search elevated entry to rail,” Tekorius mentioned within the earnings launch.

The stronger order image didn’t translate into improved profitability in the course of the quarter. Greenbrier’s working margin narrowed to 4.3% from 5.5% within the previous quarter, reflecting facility-related prices and decrease gross margins. Manufacturing gross margin slipped to 9.2% from 9.9%, which the corporate attributed to the timing of railcar syndication exercise and operational inefficiencies.

Greenbrier operates three railcar manufacturing vegetation in Mexico.

Greenbrier continued increasing its leasing enterprise, which administration views as a supply of recurring income throughout business cycles. Its owned fleet grew 23% throughout fiscal 2026 to roughly 20,900 railcars, with utilization of 98% at year-end.

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Quarterly leasing and fleet-management income rose to $52.1 million from $47.4 million within the previous quarter. The section’s working earnings elevated to $30.4 million from $29.2 million, though increased upkeep bills weighed on margins.

For the total fiscal 12 months, Greenbrier’s web earnings fell to $79 million, or $2.49 a diluted share, from $204.1 million, or $6.35 a share. Income declined to $2.46 billion from $3.24 billion. Working money movement dropped to $39.6 million from $265.7 million.

Greenbrier projected fiscal 2027 income of $2.8 billion to $3.2 billion and earnings of $2.75 to $3.75 a share. It expects an working margin of seven% to 7.5% and web capital expenditures of $225 million to $275 million.

The corporate additionally accepted a quarterly dividend of 34 cents a share, payable Dec. 2 to shareholders of file Nov. 11. Greenbrier mentioned it returned $56 million to shareholders by way of dividends and share repurchases throughout fiscal 2026.

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