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Earnings Per Share (Tables)

12 Months Ended

Aug. 31, 2025

Earnings Per Share [Abstract]

Reconciliation of Shares Used in Computation of Basic and Diluted Earnings Per Common Share

The shares used in the computation of the Company’s basic and diluted earnings per common share are reconciled as follows:

		Year Ended August 31,
(In thousands)		2025				2024				2023
Weighted average basic common shares outstanding			31,171				31,102				31,983
Dilutive effect of 2.875% Convertible notes, due 2024 1		N/A					345				824
Dilutive effect of 2.875% Convertible notes, due 2028 2			—				—				—
Dilutive effect of restricted stock units 3			968				916				992
Weighted average diluted common shares outstanding			32,139				32,363				33,799

1 The 2.875% Convertible notes due 2024 were retired on February 1, 2024.

2 The dilutive effect of the 2.875% Convertible notes, due 2028 was excluded for the years ended August 31, 2025, 2024 and 2023 as the average stock price was less than the applicable conversion price and therefore was considered anti-dilutive. As these notes require cash settlement for the principal, only a premium is potentially dilutive under the "if converted" method as further discussed below.

3 Restricted stock units subject to performance criteria, for which actual levels of performance above target have been achieved, are included in weighted average diluted common shares outstanding when the Company is in a net earnings position.

Approach to Calculate Diluted Earnings per Share

(In millions, except number of shares which are reflected in		Year Ended August 31,
thousands and per share amounts)		2025				2024				2023
Net earnings attributable to Greenbrier		$	204.1			$	160.1			$	62.5
Weighted average basic common shares outstanding			31,171				31,102				31,983
Basic earnings per share		$	6.55			$	5.15			$	1.95
Net earnings attributable to Greenbrier		$	204.1			$	160.1			$	62.5
Add back:
Interest and debt issuance costs on the 2.875% convertible notes due 2024, net of tax			—				0.5				1.2
Earnings before interest and debt issuance costs on the 2.875% convertible notes due 2024		$	204.1			$	160.6			$	63.7
Weighted average diluted common shares outstanding			32,139				32,363				33,799
Diluted earnings per share (1)		$	6.35			$	4.96			$	1.89

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

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- Definition

Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-3

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Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

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