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NEW YORK - The Greenbrier Companies, Inc. (NYSE:GBX) reported better-than-expected fourth quarter earnings on Thursday, but shares tumbled 6% after the freight transportation equipment supplier issued fiscal 2026 guidance well below analyst expectations.
The company reported adjusted earnings of $1.26 per share for its fourth quarter, exceeding analyst estimates of $0.92. However, quarterly revenue came in at $759.5 million, missing the consensus estimate of $792.12 million. Greenbrier’s outlook for fiscal 2026 disappointed investors, with projected earnings of $3.75-$4.75 per share significantly below analyst expectations of $6.47, and revenue guidance of $2.7-3.2 billion falling short of the $3.245 billion consensus.
"Fiscal 2025 was a record year for Greenbrier, demonstrating the continued success of our strategy to deliver consistent, high-quality performance," said Lorie L. Tekorius, CEO and President. "As we enter fiscal 2026, we are navigating the current North American and European freight rail markets with a resilient business model, growing lease fleet, and continued productivity gains."
During the fourth quarter, Greenbrier received new railcar orders for 2,400 units valued at over $300 million and delivered 4,900 units. The company ended the fiscal year with a railcar backlog of 16,600 units valued at approximately $2.2 billion.
The company also announced the closure of two additional European facilities in the fourth quarter as part of its ongoing rationalization efforts, which are expected to generate annualized savings of $20 million while maintaining consistent production capacity.
Greenbrier’s board approved a quarterly dividend of $0.32 per share, payable on December 3, 2025, marking the company’s 46th consecutive quarterly dividend.
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