The Greenbrier Companies, Inc. reported its financial results for the fourth fiscal quarter and the full year ended August 31, 2026. The company announced that its backlog increased by 4.8% to 14,000 units, with an estimated value of $2.1 billion as of August 31, 2026. This marked the first sequential increase in backlog since fiscal 2024.
For the fourth quarter of fiscal 2026, Greenbrier reported net earnings attributable to the company of $9 million, or $0.27 per diluted share. Core net earnings, which exclude facility rationalization costs, were $12 million, or $0.39 per diluted share. Core EBITDA for the quarter was $72 million, representing 12% of revenue.
For the full fiscal year 2026, net earnings attributable to Greenbrier were $79 million, or $2.49 per diluted share. Core net earnings for the year were $83 million, or $2.60 per diluted share. Core EBITDA for the fiscal year totaled $300 million, or 12% of revenue.
During fiscal 2026, the company completed programmatic restoration work on approximately 2,200 railcars. The company’s owned lease fleet grew by 23% to 20,900 units, maintaining a utilization rate of 98%. Greenbrier returned $56 million to shareholders through dividends and share repurchases during the fiscal year.
The company’s board approved a quarterly dividend of $0.34 per share, payable on December 2, 2026, to shareholders of record as of November 11, 2026. This represents the company's 50th consecutive quarterly dividend.
Regarding fiscal 2027 guidance, Greenbrier estimates North American industry railcar deliveries to be between 26,000 and 28,000 units. The company projects total revenue between $2.8 billion and $3.2 billion, operating margin between 7.0% and 7.5%, and diluted EPS between $2.75 and $3.75. Total capital expenditures, net of equipment sales proceeds, are expected to be between $225 million and $275 million.
