The Greenbrier Companies, Inc. (GBX) Q2 2026 Earnings Call Transcript

Operator

Hello, and welcome to The Greenbrier Companies Second Quarter 2026 Earnings Conference Call. [Operator Instructions]. At the request of the Greenbrier Companies, this conference call is being recorded for instant replay purposes.

At this time, I would like to turn the conference over to Mr. Travis Williams, Head of Investor Relations. Mr. Williams, you may begin.

Travis Williams
Head of Investor Relations

Thank you, operator. Good afternoon, everyone, and welcome to our second quarter fiscal 2026 earnings call. Today, I’m joined by Lorie Tekorius, Greenbrier’s CEO and President; Brian Comstock, Executive Vice President and President of the Americas; and Michael Donfris, Senior Vice President and CFO. Following our update on Greenbrier’s Q2 performance and outlook for fiscal 2026, we’ll open the call for questions. Our earnings release and supplemental slide presentation can be found on the IR section of our website.

Matters discussed on today’s call include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Throughout our discussion, we will describe some of the important factors that could cause Greenbrier’s actual results in 2026 and beyond to differ materially from those expressed in any forward-looking statement made by or on behalf of Greenbrier. We will refer to recurring revenue throughout our comments today. Recurring revenue is defined as leasing and management services revenue, excluding the impact of syndication transactions. And with that, I’ll turn the