XML 21 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Aug. 31, 2025
Aug. 31, 2024
Aug. 31, 2023
Revenue      
Revenue $ 3,240.2 $ 3,544.7 $ 3,944.0
Cost of revenue      
Cost of revenue 2,632.7 2,986.2 3,502.9
Margin 607.5 558.5 441.1
Selling and administrative 263.3 247.1 235.3
Net gain on disposition of equipment (15.9) (13.1) (17.3)
Asset impairment, disposal, and exit costs, net     46.7
Earnings from operations 360.1 324.5 176.4
Interest and foreign exchange 75.7 100.8 85.4
Earnings before income tax and earnings from unconsolidated affiliates 284.4 223.7 91.0
Income tax expense (91.4) (62.0) (24.6)
Earnings before earnings from unconsolidated affiliates 193.0 161.7 66.4
Earnings from unconsolidated affiliates 20.1 11.0 9.2
Net earnings 213.1 172.7 75.6
Net earnings attributable to noncontrolling interest (9.0) (12.6) (13.1)
Net earnings attributable to Greenbrier $ 204.1 $ 160.1 $ 62.5
Basic earnings per common share $ 6.55 $ 5.15 $ 1.95
Diluted earnings per common share [1] $ 6.35 $ 4.96 $ 1.89
Weighted average common shares      
Basic 31,171 31,102 31,983
Diluted 32,139 32,363 33,799
Manufacturing      
Revenue      
Revenue $ 2,991.2 $ 3,312.4 $ 3,764.1
Cost of revenue      
Cost of revenue 2,556.6 2,913.0 3,447.4
Margin 434.6 399.4 316.7
Selling and administrative 106.3 90.3 95.5
Net gain on disposition of equipment 0.8 0.4 (3.3)
Asset impairment, disposal, and exit costs, net     46.7
Leasing & Fleet Management      
Revenue      
Revenue 249.0 232.3 179.9
Cost of revenue      
Cost of revenue 76.1 73.2 55.5
Margin 172.9 159.1 124.4
Selling and administrative 29.0 33.6 33.8
Net gain on disposition of equipment $ (16.7) $ (13.5) $ (12.7)
[1] Diluted earnings per share for the year ended August 31, 2024 and 2023 was calculated as follows:

Earnings before interest and debt issuance costs on the 2.875% convertible notes due 2024

Weighted average diluted common shares outstanding