Greenbrier misses Q2 revenue estimates, cuts 2026 revenue forecast

The Greenbrier Companies

07/04/2026 21:34

Overview

U.S. rail equipment supplier's fiscal Q2 revenue declined sequentially and missed analyst expectations

Diluted EPS for fiscal Q2 fell to $0.47 amid lower production rates and deliveries

Company raised quarterly dividend by 6% to $0.34 per share

Outlook

Greenbrier lowers FY26 deliveries forecast to 15,350-16,350 units from 17,500-20,500 units

Company now sees FY26 revenue at $2.4 bln-$2.5 bln, down from $2.7 bln-$3.2 bln

Greenbrier expects double-digit lease fleet growth in FY26 to boost recurring revenue

Result Drivers

FEWER DELIVERIES - Revenue and manufacturing segment results were primarily hurt by a decline in railcar deliveries

LOWER PRODUCTION RATES - Gross margin and manufacturing profitability were affected by lower production rates and planned facility shutdowns

TIMING OF FLEET OPTIMIZATION - Net gain on disposition of equipment and leasing segment revenue were influenced by the timing of fleet optimization activities

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$587.50 mln
$663.67 mln (3 Analysts)
Q2 EPS
$0.47
Q2 Net Income
$15 mln
Q2 Gross Margin
11.80%
Q2 EBITDA
$60.80 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."

Wall Street's median 12-month price target for Greenbrier Companies Inc is $49.00, about 1.3% above its April 6 closing price of $48.36

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)