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Close of Nov 06, 2026 · end-of-day data
GBX 8-K filings in 2026
Every material Form 8-K The Greenbrier Companies filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Greenbrier reported fourth-quarter revenue of $591.0 million, up from $576.5 million in the prior quarter, but diluted EPS fell to $0.27 from $0.60 as lower gross margin and $4 million of facility rationalization costs weighed on results. For fiscal 2026, net earnings attributable to Greenbrier were $79 million, or $2.49 per diluted share, down from $204.1 million in fiscal 2025, and the company guided fiscal 2027 EPS to $2.75 to $3.75 on revenue of $2.8 billion to $3.2 billion.
Q4 net earnings attributable to Greenbrier were $9 million, or $0.27 per diluted share; core diluted EPS was $0.39 excluding $0.12 per share of facility rationalization costs.
Railcar backlog was 14,000 units valued at an estimated $2.1 billion as of August 31, 2026, after 3,400 new orders in Q4.
Fiscal 2027 guidance: total revenue $2.8 billion to $3.2 billion, EPS $2.75 to $3.75, operating margin 7.0% to 7.5%.
Board approved a quarterly dividend of $0.34 per share, payable December 2, 2026, to holders of record as of November 11, 2026.
Greenbrier entered into a Cooperation Agreement with Atlas FRM LLC (d/b/a Atlas Holdings LLC) on October 24, 2026, and appointed Emanuel Pearlman as a director, effective October 27, 2026, increasing the board from ten to eleven members. Under the agreement, Mr. Pearlman will also serve on the Audit Committee and be nominated for election at the 2027 Annual Meeting, and he will resign from the board if Atlas proposes to acquire the company.
Board increased from ten to eleven directors; Mr. Pearlman appointed to Class III with a term expiring at the 2027 Annual Meeting
Mr. Pearlman will serve on the Audit Committee, effective October 27, 2026
Cooperation Agreement includes voting commitments, limited non-public information sharing, and standstill terms under Atlas's confidentiality agreement
Mr. Pearlman has irrevocably agreed to resign if Atlas or its affiliates announce a proposal to acquire all or a majority of voting securities or substantially all assets
Greenbrier CEO and President Lorie Tekorius will retire effective January 6, 2027, and will not stand for re-election as a director at the 2027 annual meeting. The Board appointed Brian J. Comstock, currently Executive Vice President and President, The Americas, as her successor, effective the same date. The filing does not state financial results or changes to guidance, so the direct effect on shareholders is the change in top leadership.
Lorie Tekorius retires as CEO and President effective January 6, 2027, and will provide transition services afterward.
Brian J. Comstock, 64, appointed to succeed her as CEO and President, effective January 6, 2027.
Comstock has worked at Greenbrier since 1998 and has served as Executive Vice President & President, The Americas, since January 2024.
Board appointment was made August 26, 2026; the press release was issued August 31, 2026.
Greenbrier reported fiscal third-quarter revenue of $576.5 million, down from $842.7 million a year earlier, and net earnings attributable to Greenbrier of $18.9 million, or $0.60 per diluted share, compared with $60.1 million a year earlier. The company narrowed its fiscal 2026 EPS guidance to $3.00 to $3.15 from $3.00 to $3.50 and lowered its aggregate gross margin guidance to 13.8% to 14.2%, which weighs on shareholders' expected earnings.
Q3 revenue of $576.5 million versus $842.7 million in the year-earlier quarter and $587.5 million in the prior quarter
Diluted EPS of $0.60 versus $1.86 a year earlier and $0.47 in the prior quarter
FY26 EPS guidance lowered to $3.00 to $3.15 from $3.00 to $3.50; aggregate gross margin guidance cut to 13.8% to 14.2% from 14.8% to 15.2%; revenue guidance unchanged at $2.4 billion to $2.5 billion
Quarterly dividend of $0.34 per share, payable August 6, 2026, to shareholders of record as of July 16, 2026
Greenbrier Companies entered into amendments to its credit agreements with Bank of America on May 5, 2026, including a refinancing of its leasing subsidiary's term loans. The subsidiary's new $425 million term loan is non-recourse to Greenbrier, extends the maturity to May 2032, and funds fleet growth, which the company says is a strategic priority.
$300 million of term loans outstanding at closing, with up to $125 million more available under a delayed draw facility for six months
Loan matures May 5, 2032, replacing the existing leasing term loan set to mature in August 2027
Proceeds will fund general corporate purposes, including expanding the Greenbrier Leasing Company fleet; the company plans to use the delayed draw to buy railcars in the secondary market during fiscal 2026
Interest rate is the same as the existing term loans; a commitment fee applies to the undrawn delayed draw amount
Greenbrier reported second-quarter fiscal 2026 revenue of $587.5 million and net earnings attributable to the company of $15.0 million, or $0.47 per diluted share, both well below the year-earlier quarter. The company cut its fiscal 2026 revenue and EPS guidance, attributing the change to a more gradual production ramp-up with deliveries shifting into early fiscal 2027, while raising its quarterly dividend 6% to $0.34 per share.
Q2 revenue was $587.5 million, down from $762.1 million a year earlier and $706.1 million in Q1; diluted EPS was $0.47 versus $1.56 a year earlier.
Fiscal 2026 revenue guidance was lowered to $2.4 billion-$2.5 billion from $2.7 billion-$3.2 billion; EPS guidance was lowered to $3.00-$3.50 from $3.75-$4.75.
Board raised the quarterly dividend 6% to $0.34 per share, payable May 11, 2026, to holders of record as of April 20, 2026.
Operating cash flow was $159 million in the quarter, and the railcar backlog stood at 15,200 units valued at an estimated $2.1 billion.
Greenbrier's leasing subsidiary, GBX Leasing 2022-1 LLC, issued $300 million of Series 2026-1 railcar-secured notes on February 4, 2026. The company says the financing supports its leasing business and is non-recourse to Greenbrier, though the notes can be accelerated if certain defaults occur under the indenture.
Class A notes: $280,425,000 at a fixed 5.13%; Class B notes: $19,575,000 at a fixed 5.30%, both payable monthly.
Stated final maturity is February 22, 2056, but the filing anticipates earlier repayment if cash flow assumptions are met, with no assurance they will be.
Notes are obligations of the issuer only and are secured by a railcar portfolio and related operating leases; the press release describes them as non-recourse to Greenbrier.
Net proceeds from the railcars acquired will be used for general corporate purposes, per the filing.
At its January 7, 2026 annual meeting, Greenbrier shareholders elected five directors and approved the Amended 2021 Stock Incentive Plan, which adds 1,000,000 shares to the plan's pool. Shareholders also approved executive compensation on an advisory basis, approved an increase in authorized common shares, and ratified KPMG LLP as auditor for the year ending August 31, 2026.
Five directors elected, including Stevan B. Bobb and Jeffrey M. Songer, both appointed to the board in June 2025
Amended 2021 Stock Incentive Plan approved, adding 1,000,000 shares to the available pool
Advisory say-on-pay proposal passed with 21,951,594 votes for and 1,891,286 against
KPMG LLP ratified as independent auditors with 25,657,806 votes for and 370,458 against
Greenbrier reported first-quarter fiscal 2026 results for the period ended November 30, 2025, with revenue of $706.1 million, down from $875.9 million a year earlier, and diluted EPS of $1.14, down from $1.72. The company reiterated its fiscal 2026 operating metrics and updated its capital expenditure guidance, and its board approved a $0.32 quarterly dividend.
Revenue of $706.1 million vs. $875.9 million in the prior-year quarter; Manufacturing revenue was $657.0 million vs. $830.9 million
Net earnings attributable to Greenbrier of $36.4 million, or $1.14 per diluted share, vs. $55.3 million, or $1.72, a year earlier
Operating cash flow of $76.2 million vs. a use of $65.1 million in the prior-year quarter; fiscal 2026 EPS guidance of $3.75 to $4.75 reiterated
Quarterly dividend of $0.32 per share payable February 17, 2026, to shareholders of record as of January 27, 2026
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every The Greenbrier Companies filing is on SEC EDGAR ↗. 8-K briefs of other companies →