Greenbrier Companies, Inc. (the) · NYSE:GBX
Greenbrier Companies, Inc. (the) — The Greenbrier Companies — Q2 2026 Earnings Presentation
17 slides from Greenbrier Companies, Inc. (the)'s earnings presentation, Apr 7, 2026
Slide 1: 2Q26 Earnings Slides & Supplemental Information
NYSE: GBX 2Q26 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, within the meaning of the Private Securities Litigation Reform Act of 1995. The Greenbrier Companies, Inc. (the “Company,” “we,” “us” or “our”) uses words, and variations of words,
Slide 3: Q2 Fiscal 2026 Results
Q2 Fiscal 2026 Results • Strong operating cash flow of $159 million. • New railcar orders for 2,900 units valued at $390 million and deliveries of 3,800 units, resulting in a new railcar backlog of 15,200 units with an estimated value of $2.1 billion as of February 28, 2026. • Board increased quarte
Slide 4: Investment Highlights
Investment Highlights Leading railcar manufacturer and lessor with #1 or #2 position in end markets 18,700 ~16,800 LTM railcar deliveries Railcars in lease fleet Long track record of growth and increasing through-cycle profitability Good visibility with $2.1 billion backlog and $2.1bn 53% growing st
Slide 5: Delivering Value to Our Customers Throughout Railcar Life Cycle
Delivering Value to Our Customers Throughout Railcar Life Cycle Railcar Manufacturing Railcar Leasing Produce virtually all types of Greenbrier has a fleet of ~16,800 (1) railcars for the North American, railcars in North America, covering European and Brazilian markets. numerous car types which ser
Slide 6: Income Statement Metrics
Income Statement Metrics Revenue ($ millions) Core EBITDA ($ millions)(1) Core Diluted EPS(1) $842.7 $762.1 $759.5 $706.1 $587.5 $128.5 $1.86 $123.9 $114.8 $1.69 $97.6 $1.26 $1.14 $60.8 $0.47 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 Solid Core EBITDA and Core Dilute
Slide 7: Key Operational Metrics
Key Operational Metrics Backlog(1) Railcar Deliveries(1) 20,400 5,500 5,600 18,900 4,900 16,600 800 16,300 1,700 4,400 15,200 1,200 3,800 1,000 800 4,700 3,900 3,700 3,400 3,000 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 Deliveries Syndicated Deliveries Secured diverse new railcar orders of 2
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 $3.4 $160 $2.5 $159 $2.2 $2.2 $2.0 $159 $2.1 $1.5 $159 $1.0 $159 $0.5 $159 $0.0 $158 2023 2024 2025 1Q26 2Q26 Backlog Value ($ billions) Units in Backlog 30,
Slide 9: 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 February 28, 2025 Staggered Lease Expirations Provide Strong Visibility(1) ~16,800 3.4 Yrs 4900 Railcars in lease fleet Avg. remaining term 3100 2900 2100 1900 900 800 200 ~$1.5Bn(2) 156 2026 2027 2028 2029 2030
Slide 10: Balance Sheet & Cash Flow Trends
Balance Sheet & Cash Flow Trends ($ in millions) Operating Cash Flow Net Funded Debt(1) $1,508 $1,480 $1,458 $1,417 $159 $1,258 $139 $497 $478 $472 $439 $204 $94 $98 $76 $1,054 $1,011 $1,003 $987 $978 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 Lease Fleet & Other Non-Recourse All Other Recour
Slide 11: Committed to Returning Value Through Dividends & Share Repurchases
Committed to Returning Value Through Dividends & Share Repurchases Over $374 million in dividends Aggregate Dividends & Share Repurchases since 2014 Dividend has grown by 127% since 2014 $625Mn Committed to regularly growing the dividend Over $250 million in share repurchase since 2014 $65 million r
Slide 12: Updated Fiscal 2026 Outlook and Guidance Based on Current Trends and Production Schedules
Updated Fiscal 2026 Outlook and Guidance Based on Current Trends and Production Schedules FY26 Guidance Commentary Revenues $2.4 - $2.5 billion • Timing of deliveries shifting into fiscal 2027 Deliveries 15,350 - 16,350 units • Includes ~1,500 units in Brazil Aggregate Gross 14.8% - 15.2% • Driving
Slide 13: Appendix Slides
APPENDIX SLIDES
Slide 14: Quarterly Core EBITDA Reconciliation
Quarterly Core EBITDA Reconciliation Supplemental Disclosure Reconciliation of Net Earnings to Core EBITDA (In millions, unaudited) Three Months Ended Nov. 30, Feb. 28, May 31, Aug. 31, Nov. 30, Feb. 28, 2024 2025 2025 2025 2025 2026 Net earnings $59.1 $46.2 $67.5 $40.3 $37.3 $13.9 Interest and fore
Slide 15: 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 Nov. 30, Feb. 28, May 31, Aug. 31, Nov. 30, Feb. 28, 2024
Slide 16: 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 17: 2Q26 Earnings Slides & Supplemental Information
NYSE: GBX 2Q26 Earnings Slides & Supplemental Information InvestorRelations@gbrx.com www.gbrx.com
The Greenbrier Companies — Q2 2026 Earnings Presentation on 6ix