Greenbrier Companies, Inc. (the) · NYSE:GBX
Greenbrier Companies, Inc. (the) — The Greenbrier Companies — Q1 2026 Earnings Presentation
18 slides from Greenbrier Companies, Inc. (the)'s earnings presentation, Jan 8, 2026
Slide 1: 1Q26 Earnings Slides & Supplemental Information
NYSE: GBX 1Q26 Earnings Slides & Supplemental Information InvestorRelations@gbrx.com www.gbrx.com
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation and the accompanying oral presentation contain forward-looking statements, including statements that are not purely statements of historical fact. The Greenbrier Companies, Inc. (the “Company,” “we,” “us” or “our”) uses words, and variations of words, suc
Slide 3: Q1FY 2026 Results
Q1FY 2026 Results • Net earnings attributable to Greenbrier of $36 million, or $1.14 per diluted share. • EBITDA of nearly $98 million, or 14% of revenue. • Operating cash flow of $76 million. • In Q1, new railcar orders for 3,700 units valued at $550 million and deliveries of 4,400 units, resulting
Slide 4: Investment Highlights
Investment Highlights Leading railcar manufacturer and lessor with #1 or #2 position in end markets 20,400 ~17,000 LTM railcar deliveries Railcars in lease fleet Long track record of growth and increasing through-cycle profitability Good visibility with $2.2 billion backlog and $2.2bn 54% growing st
Slide 5: Delivering Value to Our Customers Throughout Railcar Life Cycle
Delivering Value to Our Customers Throughout Railcar Life Cycle Railcar Manufacturing Railcar Leasing Produce virtually all types of Greenbrier has a fleet of ~17,000 (1) railcars for the North American, railcars in North America, covering European and Brazilian markets. numerous car types which ser
Slide 6: Income Statement Metrics
Income Statement Metrics Revenue ($ millions) Core EBITDA ($ millions)(1) Core Diluted EPS(1) $875.9 $842.7 $1.86 $762.1 $759.5 $1.72 $1.69 $706.1 $145.1 $1.26 $128.5 $1.14 $123.9 $114.8 $97.6 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 Solid Core EBITDA and Core Dilut
Slide 7: Key Operational Metrics
Key Operational Metrics Backlog(1) Railcar Deliveries(1) 23,400 6,000 20,400 5,500 5,600 18,900 800 4,900 16,600 800 16,300 1,700 4,400 1,200 1,000 5,200 4,700 3,900 3,700 3,400 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 Deliveries Syndicated Deliveries Secured diverse new railcar orders of 3
Slide 8: New Railcar Backlog Provides Near-term Support for Through-cycle Profitability
New Railcar Backlog Provides Near-term Support for Through-cycle Profitability Greenbrier New Railcar Backlog(1) $4.0 $160 $3.5 $3.8 $160 $3.0 $3.5 $3.4 $160 $2.5 $159 $2.2 $2.2 $2.0 $159 $1.5 $159 $1.0 $159 $0.5 $159 $0.0 $158 2022 2023 2024 2025 1Q26 Backlog Value ($ billions) Units in Backlog 29,
Slide 9: Generating Strong Revenue and Margin Dollars Above 10-year Average
Generating Strong Revenue and Margin Dollars Above 10-year Average Consolidated Revenue ($ millions) Aggregate Gross Margin ($ millions) $3,944 $608 $3,545 $559 $537 $3,240 $2,978 $3,070 $441 $306 2022 2023 2024 2025 LTM 1Q26 2022 2023 2024 2025 LTM 1Q26 Consolidated Revenue 10-year Average Aggregat
Slide 10: Fiscal 2026 Outlook and Guidance Based on Current Trends and Production Schedules
Fiscal 2026 Outlook and Guidance Based on Current Trends and Production Schedules FY26 Guidance Commentary • Reflects our leading position, strong lease origination capabilities and direct Revenues $2.7 - $3.2 billion sales experience Deliveries 17,500 - 20,500 units • Guidance includes ~1,500 units
Slide 11: Solid Foundation is in Place for the Continued Growth of Greenbrier's Lease Fleet
Solid Foundation is in Place for the Continued Growth of Greenbrier’s Lease Fleet As of November 30, 2025 Staggered Lease Expirations Provide Strong Visibility(1) ~17,000 3.7 Yrs 5,400 Railcars in lease fleet Avg. remaining term 2,900 2,200 2,200 1,900 1,200 1,000 200 ~$1.5Bn(2) 159 2026 2027 2028 2
Slide 12: Balance Sheet & Cash Flow Trends
Balance Sheet & Cash Flow Trends ($ in millions) Operating Cash Flow Net Funded Debt(1) $1,555.2 $1,508.3 $139.2 $1,480.3 $1,458.4 $1,417.3 $93.6 $98.0 $439.1 $76.2 $978.2 1Q25 2Q25 3Q25 4Q25 1Q26 ($65.1) 1Q25 2Q25 3Q25 4Q25 1Q26 Leasing Non-Recourse All Other Recourse Delivered strong operating cas
Slide 13: Committed to Returning Value Through Dividends & Share Repurchases
Committed to Returning Value Through Dividends & Share Repurchases Over $354 million in dividends Aggregate Dividends & Share Repurchases since 2014 Dividend has grown by 113% since 2014 $605Mn Committed to regularly growing the dividend Over $250 million in share repurchase since 2014 $65 million r
Slide 14: Appendix Slides
APPENDIX SLIDES
Slide 15: Quarterly Core EBITDA Reconciliation
Quarterly Core EBITDA Reconciliation Supplemental Disclosure Reconciliation of Net Earnings to Core EBITDA (In millions, unaudited) Three Months Ended Aug. 31, Nov. 30, Feb. 28, May 31, Aug. 31, Nov. 30, 2024 2024 2025 2025 2025 2025 Net earnings $65.3 $59.1 $46.2 $67.5 $40.3 $37.3 Interest and fore
Slide 16: Quarterly Core Diluted EPS Reconciliation
Quarterly Core Diluted EPS Reconciliation Supplemental Disclosure Reconciliation of Net Earnings Attributable to Greenbrier to Core Net Earnings Attributable to Greenbrier (In millions, except per share amounts, unaudited) Three Months Ended Aug. 31, Nov. 30, Feb. 28, May 31, Aug. 31, Nov. 30, 2024
Slide 17: Non-GAAP Financial Measures
Non-GAAP Financial Measures Core EBITDA, Core net earnings attributable to Greenbrier, and Core diluted earnings per share (EPS) are not financial measures under generally accepted accounting principles (GAAP). These metrics are performance measurement tools used by rail supply companies and Greenbr
Slide 18: 1Q26 Earnings Slides & Supplemental Information
NYSE: GBX 1Q26 Earnings Slides & Supplemental Information InvestorRelations@gbrx.com www.gbrx.com
The Greenbrier Companies — Q1 2026 Earnings Presentation on 6ix