{"id":471355,"date":"2021-04-06T06:03:26","date_gmt":"2021-04-06T10:03:26","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=471355"},"modified":"2021-04-06T06:03:26","modified_gmt":"2021-04-06T10:03:26","slug":"greenbrier-reports-second-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/","title":{"rendered":"Greenbrier Reports Second Quarter Results"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">~ Strong liquidity positions Greenbrier for upcoming recovery<\/h2>\n<h2 class=\"xn-hedline\">~~ Orders for 3,800 new railcars valued at over $440 million &#8211; book-to-bill of 1.8x in the quarter<\/h2>\n<h2 class=\"xn-hedline\">~~ Backlog expanded to 24,900 units with estimated value of $2.5 billion<\/h2>\n<h2 class=\"xn-hedline\">~~ Trailing effects of COVID-19  and inclement weather produced a net loss attributable to Greenbrier of $9 million<\/h2>\n<h2 class=\"xn-hedline\">~~ Completed formation of GBX Leasing joint venture<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">LAKE OSWEGO, Ore.<\/span>, <span class=\"xn-chron\">April 6, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0The Greenbrier Companies, Inc. (NYSE: GBX) (&#8220;Greenbrier&#8221;), a leading international supplier of equipment and services to global freight transportation markets, today reported financial results for its second fiscal quarter ended <span class=\"xn-chron\">February 28, 2021<\/span>.<\/p>\n<p>\n        <b><br \/>\n          <u>Second Quarter Highlights<\/u><br \/>\n        <\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>New railcar orders for 3,800 units valued at over <span class=\"xn-money\">$440 million<\/span> during the quarter. Deliveries in the quarter were 2,100 units, a 1.8x book-to-bill. <\/li>\n<li>Diversified new railcar backlog as of <span class=\"xn-chron\">February 28, 2021<\/span> was 24,900 units with an estimated value of <span class=\"xn-money\">$2.5 billion<\/span>. <\/li>\n<li>Immediate liquidity of <span class=\"xn-money\">$708 million<\/span>, includes <span class=\"xn-money\">$593 million<\/span> in cash and <span class=\"xn-money\">$115 million<\/span> of available borrowing capacity. \u00a0Combined with nearly <span class=\"xn-money\">$100 million<\/span> of liquidity initiatives in progress totals over <span class=\"xn-money\">$800 million<\/span>. <\/li>\n<li>Operating cash flow in the quarter included inventory accumulation of <span class=\"xn-money\">$48 million<\/span> to support manufacturing production increases beginning in fiscal Q3 and a <span class=\"xn-money\">$44 million<\/span> increase in leased railcars for syndication. <\/li>\n<li>COVID-19 related expenses for the quarter were <span class=\"xn-money\">$2.5 million<\/span> (pre-tax) and <span class=\"xn-money\">$6.4 million<\/span> (pre-tax) for the first half of fiscal 2021. <\/li>\n<li>Net loss attributable to Greenbrier for the quarter was <span class=\"xn-money\">$9 million<\/span>, or <span class=\"xn-money\">$0.28<\/span> per diluted share, on revenue of <span class=\"xn-money\">$296 million<\/span>. \u00a0The net loss included <span class=\"xn-money\">$16 million<\/span> in anticipated federal income tax benefit resulting from loss carryback provisions. <\/li>\n<li>Adjusted EBITDA for the quarter was negative <span class=\"xn-money\">$1 million<\/span>. <\/li>\n<li>Subsequent to quarter-end, completed the earlier announced formation of GBX Leasing joint venture, including initial funding of nearly <span class=\"xn-money\">$100 million<\/span> from a new <span class=\"xn-money\">$300 million<\/span> non-recourse railcar warehouse credit facility. <\/li>\n<li>Board declares a quarterly dividend of <span class=\"xn-money\">$0.27<\/span> per share, payable on <span class=\"xn-chron\">May 12, 2021<\/span> to shareholders as of <span class=\"xn-chron\">April 21, 2021<\/span> representing Greenbrier&#8217;s 28<sup>th<\/sup> consecutive quarterly dividend.<\/li>\n<\/ul>\n<p>\n        <span class=\"xn-person\">William A. Furman<\/span>, Chairman &amp; CEO commented, &#8220;Greenbrier navigated what we expect will be our most challenging quarter of the fiscal year.\u00a0 Operating challenges emerged from a range of sources, including winter weather, impacting deliveries and production.\u00a0 Our near-term outlook is becoming increasingly optimistic as rail fundamentals improve.\u00a0 Rail loadings are up year-to-date, driven by increased traffic in grain, intermodal and other categories.\u00a0 Railroad velocity has slowed by nearly two miles per hour. Railcars in storage have decreased by more than 148,000 units from the 2020 peak storage level.\u00a0 Proposed environmental and other regulations in both <span class=\"xn-location\">North America<\/span> and <span class=\"xn-location\">Europe<\/span> should support secular demand for rail as a growing mode for freight transport. Fiscal stimulus and proposed infrastructure legislation are expected to further add to demand.&#8221;<\/p>\n<p>Furman concluded, &#8220;Greenbrier is well-positioned for an economic recovery. Our pipeline of new business inquiries in <span class=\"xn-location\">North America<\/span> has expanded dramatically in the last 30 days. Greenbrier&#8217;s ability to adjust production capacity to meet our market outlook enables us to rapidly ramp manufacturing as we earn new railcar orders.\u00a0 We have already restarted several production lines supported by firm orders to meet increased demand.&#8221;<\/p>\n<p>\n        <b><br \/>\n          <u>Business Update &amp; Outlook<\/u><br \/>\n        <\/b>\n      <\/p>\n<p>Greenbrier has practiced disciplined management to meet the realities of this historic time.\u00a0 Our core strategy since <span class=\"xn-chron\">March 2020<\/span> has been and continues to be:<\/p>\n<ol type=\"1\">\n<li>Maintain a strong liquidity base and balance sheet <\/li>\n<li>Navigate the COVID-19 pandemic and the related economic crisis by safely operating our factories while generating cash <\/li>\n<li>Prepare for emerging economic recovery and forward momentum in our markets, which we expect to expand during the latter half of calendar 2021. Greenbrier is currently operating in this phase.<\/li>\n<\/ol>\n<p>Looking ahead, Greenbrier expects the second half of fiscal 2021 to be stronger than the first half, reflecting increased production rates and stronger activity across the business. \u00a0Greenbrier&#8217;s ability to achieve more than <span class=\"xn-money\">$700 million<\/span> of total liquidity, with another <span class=\"xn-money\">$100 million<\/span> of initiatives in process, allows us to weather unanticipated setbacks in the emerging economic recovery. Our <span class=\"xn-money\">$2.5 billion<\/span> backlog provides a baseload of orders to support continuous production lines.\u00a0 These factors position us to deploy our balance sheet opportunistically, as we have done with GBX Leasing.\u00a0 The recently-announced joint venture complements Greenbrier&#8217;s existing commercial platform and will create stable, tax-advantaged cash flows, reducing our exposure to the new railcar order and delivery cycle.<\/p>\n<p>\n        <b><br \/>\n          <u>Financial Summary <\/u><br \/>\n        <\/b>\n      <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td nowrap=\"nowrap\" class=\"prnsbts prnrbrs prnvat prnsbbs prntal prnpl6 prnsbls prnpr14\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Q2 FY21<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Q1 FY21<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prnsbts prnrbrs prnvab prnsbbs prntal prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Sequential Comparison \u2013 Main Drivers<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Revenue<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$295.6M<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$403.0M<\/span>\n              <\/p>\n<\/td>\n<td rowspan=\"2\" nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">37% fewer deliveries reflecting weak demand <br \/>environment and extreme winter weather<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Gross margin<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6.0%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10.1%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Selling and administrative<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$43.4M<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$43.7M<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Maintaining cost discipline<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Adjusted EBITDA<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">($1.3M)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$23.2M<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Low new railcar deliveries and weak NA environment<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Effective tax rate<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">61.6%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">55.5%<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Tax benefit from lease fleet investments and operating <br \/>losses carried back to prior years with higher tax rates <br \/>under the CARES Act<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net (earnings) loss attributable to <br \/>noncontrolling interest<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4.9M<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">($3.3M)<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Operating loss from fewer deliveries at GIMSA joint <br \/>venture<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net loss attributable to <br \/>Greenbrier<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">($9.1M)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">($10.0M)<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Lower operating activity reflecting fewer deliveries <br \/>partially offset by income tax benefit<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Diluted EPS <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">($0.28)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">($0.30)<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prnsbt1 prnrbrs prnvab prnsbbs prntal prnpl6 prnsbl1 prnpr14\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b><br \/>\n          <u>Segment Summary<\/u><br \/>\n        <\/b>\n      <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prnsbts prnrbrs prnvat prnsbbs prnpl6 prnsbls prnpr14\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Q2 FY21<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Q1 FY21<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prnsbts prnrbrs prnvat prnsbbs prntal prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Sequential Comparison \u2013 Main Drivers<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Manufacturing<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0 Revenue<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$202.1M<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$308.7M<\/span>\n              <\/p>\n<\/td>\n<td rowspan=\"3\" nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Fewer deliveries reflecting weak demand environment <br \/>and winter weather closures<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0 Gross margin<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.2%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9.0%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0 Operating margin <sup>(1)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10 prnpr4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(8.5%)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3.1%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0 Deliveries <sup>(2)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10 prnpr14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,700<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,700<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Wheels, Repair &amp; Parts<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0 Revenue<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$71.6M<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$65.6M<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Modestly increased wheel volumes from winter <br \/>weather and improved scrap pricing partially offset by <br \/>continued decreased Repair volumes<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0 Gross margin<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6.9%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3.9%<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Improved volume in Wheel Services partially offset <br \/>by weak Repair activity<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0 Operating margin<sup> (1)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3.4%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(0.3%)<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Leasing &amp; Services<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0 Revenue<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$21.9M<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$28.7M<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Prior quarter had externally sourced syndication <br \/>activity which increases revenue but is dilutive to <br \/>gross margin %<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0 Gross margin<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">56.6%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">35.8%<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">More normalized gross margin activity<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0 Operating margin<sup> (1) (3)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">29.3%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">20.5%<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Strong gross margin performance<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0 Fleet utilization<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">94.8%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">93.3%<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <sup>(1) <\/sup><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">See supplemental segment information on page 12 for additional information.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <sup>(2) <\/sup><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Excludes Brazil deliveries which are not consolidated into manufacturing revenue and margins.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <sup>(3) <\/sup><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Includes Net gain on disposition of equipment, which is excluded from gross margin.\u00a0<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b><br \/>\n          <u>Conference Call<\/u><br \/>\n        <\/b>\n      <\/p>\n<p>Greenbrier will host a teleconference to discuss its second quarter 2021 results. In conjunction with this news release, Greenbrier has posted a supplemental earnings presentation to our website.\u00a0 <\/p>\n<p>Teleconference details are as follows: <\/p>\n<ul type=\"disc\">\n<li>\n          <span class=\"xn-chron\">April 6, 2021<\/span>\n        <\/li>\n<li>\n          <span class=\"xn-chron\">8:00 a.m. Pacific Daylight Time<\/span>\n        <\/li>\n<li>Phone: 1-888-317-6003 (Toll Free) 1-412-317-6061 (International), Entry Number &#8220;7592105&#8221; <\/li>\n<li>Real-time Audio Access:\u00a0 (&#8220;Newsroom&#8221; at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3119532-1&amp;h=2698915012&amp;u=http%3A%2F%2Fwww.gbrx.com%2F&amp;a=http%3A%2F%2Fwww.gbrx.com\" rel=\"nofollow noopener noreferrer\">http:\/\/www.gbrx.com<\/a>)<\/li>\n<\/ul>\n<p>Please access the site 10 minutes prior to the start time.\u00a0 <\/p>\n<p>\n        <b>About Greenbrier<\/b>\n      <\/p>\n<p>Greenbrier, headquartered in <span class=\"xn-location\">Lake Oswego, Oregon<\/span>, is a leading international supplier of equipment and services to global freight transportation markets. Greenbrier designs, builds and markets freight railcars and marine barges in <span class=\"xn-location\">North America<\/span>. Greenbrier <span class=\"xn-location\">Europe<\/span> is an end-to-end freight railcar manufacturing, engineering and repair business with operations in <span class=\"xn-location\">Poland<\/span>, <span class=\"xn-location\">Romania<\/span> and <span class=\"xn-location\">Turkey<\/span> that serves customers across <span class=\"xn-location\">Europe<\/span> and in the nations of the Gulf Cooperation Council. Greenbrier builds freight railcars and rail castings in <span class=\"xn-location\">Brazil<\/span> through two separate strategic partnerships. We are a leading provider of freight railcar wheel services, parts, repair, refurbishment and retrofitting services in <span class=\"xn-location\">North America<\/span> through our wheels, repair &amp; parts business unit.\u00a0 Greenbrier offers railcar management, regulatory compliance services and leasing services to railroads and related transportation industries in <span class=\"xn-location\">North America<\/span>. Through unconsolidated joint ventures, we produce industrial and rail castings, and other components. Greenbrier owns a lease fleet of 8,700 railcars and performs management services for 445,000 railcars. Learn more about Greenbrier at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3119532-1&amp;h=2440386856&amp;u=http%3A%2F%2Fwww.gbrx.com%2F&amp;a=www.gbrx.com\" rel=\"nofollow noopener noreferrer\">www.gbrx.com<\/a>.\u00a0\u00a0 <\/p>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td colspan=\"6\" nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>THE GREENBRIER COMPANIES, INC.<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Consolidated Balance Sheets<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>(In thousands, unaudited)<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\" class=\"prngen20\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>February 28, <br \/>2021<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>November 30, <br \/>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>August 31,<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>May 31,<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>February 29,<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Assets<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen24\">\n              \n            <\/td>\n<td class=\"prngen24\">\n              \n            <\/td>\n<td class=\"prngen24\">\n              \n            <\/td>\n<td class=\"prngen24\">\n              \n            <\/td>\n<td class=\"prngen24\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Cash and cash equivalents<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 593,499<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 724,547<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 833,745<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 735,258<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 169,899<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Restricted cash<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8,614<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8,547<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8,342<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8,704<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8,569<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Accounts receivable, net\u00a0 <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">236,171<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">216,220<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">230,488<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">261,629<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">325,056<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Income tax receivable \u00a0\u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">62,103<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">24,448<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9,109<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,173<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Inventories<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">522,984<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">490,282<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">529,529<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">675,442<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">709,115<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Leased railcars for syndication<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">109,287<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">51,087<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">107,671<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">136,144<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">255,073<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Equipment on operating leases, net<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">445,451<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">445,542<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">350,442<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">355,841<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">385,974<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Property, plant and equipment, net<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">687,468<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">696,333<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">711,524<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">719,155<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">723,326<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Investment in unconsolidated affiliates<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">70,820<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">72,254<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">72,354<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">75,508<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">79,082<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Intangibles and other assets, net<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">190,283<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">186,509<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">190,322<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">181,315<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">160,709<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Goodwill<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">132,685<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">130,315<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">130,308<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">130,035<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">129,684<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 3,059,365<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 3,046,084<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 3,173,834<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 3,279,031<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 2,947,660<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen24\">\n              \n            <\/td>\n<td class=\"prngen24\">\n              \n            <\/td>\n<td class=\"prngen24\">\n              \n            <\/td>\n<td class=\"prngen24\">\n              \n            <\/td>\n<td class=\"prngen24\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Liabilities and Equity<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Revolving notes<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 275,839<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 276,248<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 351,526<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 416,535<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 37,196<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Accounts payable and accrued liabilities<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">448,571<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">434,138<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">463,880<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">488,969<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">499,898<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Deferred income taxes<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">24,798<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10,120<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7,701<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4,354<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9,173<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Deferred revenue<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">42,572<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">36,916<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">42,467<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">63,536<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">70,869<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Notes payable, net<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">793,189<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">797,089<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">804,088<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">806,919<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">811,860<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnml10\">\n                <span class=\"prnews_span\">Contingently redeemable noncontrolling \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0interest<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">30,037<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">30,711<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">31,117<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">30,611<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">30,782<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Total equity \u2013 Greenbrier<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,268,502<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,280,407<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,293,043<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,291,221<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,286,472<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Noncontrolling interest<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">175,857<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">180,455<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">180,012<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">176,886<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">201,410<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Total equity<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,444,359<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,460,862<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,473,055<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,468,107<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,487,882<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 3,059,365<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 3,046,084<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 3,173,834<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 3,279,031<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 2,947,660<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td colspan=\"14\" nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>THE GREENBRIER COMPANIES, INC<\/b>.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"14\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Consolidated Statements of Operations<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"14\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>(In thousands, except per share amounts, unaudited)<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"14\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Three Months Ended<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen28\">\n              \n            <\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Six Months Ended<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen28\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>February 28,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen30\">\n              \n            <\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>February 29,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prnsbts prnsbr1 prnvab prnsbb1 prntac prnpl6 prnsbl1 prnpr8\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prnsbts prnsbr1 prnvab prnsbb1 prntac prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>February 28,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen30\">\n              \n            <\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>February 29,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen30\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2021<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2021<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen33\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Revenue<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Manufacturing<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0202,094<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 489,943<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0510,816<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 1,147,310<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Wheels, Repair &amp; Parts<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">71,623<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">91,225<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">137,179<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">177,833<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Leasing &amp; Services<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">21,905<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">42,680<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">50,616<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">68,064<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">295,622<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">623,848<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">698,611<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,393,207<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Cost of revenue<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Manufacturing<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">201,771<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">422,309<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">482,661<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,004,221<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Wheels, Repair &amp; Parts<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">66,667<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">84,373<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">129,651<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">166,265<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Leasing &amp; Services<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9,513<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">30,830<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">27,957<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">44,196<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">277,951<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">537,512<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">640,269<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,214,682<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Margin<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">17,671<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">86,336<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">58,342<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">178,525<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Selling and administrative expense<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">43,425<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">54,597<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">87,132<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">108,961<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net gain on disposition of equipment<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(27)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,697)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(949)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(10,656)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Earnings (loss) from operations<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen35\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(25,727)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen36\">\n              \n            <\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">38,436<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen36\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen35\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(27,841)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen36\">\n              \n            <\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">80,220<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen36\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Other costs<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Interest and foreign exchange<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9,568<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">12,609<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">20,671<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">25,461<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Earnings (loss) before income tax and earnings (loss) from unconsolidated affiliates<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen35\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(35,295)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen36\">\n              \n            <\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">25,827<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen36\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen35\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(48,512)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen36\">\n              \n            <\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">54,759<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen36\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Income tax benefit (expense)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">21,752<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(7,463)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">29,084<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(13,457)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Earnings (loss) before earnings (loss) from\u00a0 <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 unconsolidated affiliates<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(13,543)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">18,364<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(19,428)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">41,302<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Earnings (loss) from unconsolidated affiliates<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(378)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,651<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1,122)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,724<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Net earnings (loss)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(13,921)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">20,015<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(20,550)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">44,026<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net (earnings) loss attributable to noncontrolling interest<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4,856<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,386)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,513<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(22,728)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen33\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net earnings (loss) attributable to Greenbrier<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(9,065)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen37\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 13,629<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen37\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (19,037)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen37\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 21,298<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen37\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen34\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Basic earnings (loss) per common share:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (0.28)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.42<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (0.58)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.65<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Diluted earnings (loss) per common share:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.28)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.41<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (0.58)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.64<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Weighted average common shares<\/b>:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Basic<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">32,810<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">32,661<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">32,766<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">32,645<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Diluted<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">32,810<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">33,482<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">32,766<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">33,382<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Dividends per common share<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.27<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.27<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.54<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.52<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td colspan=\"7\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>THE GREENBRIER COMPANIES, INC.<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Supplemental Information<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>(In thousands, except per share amounts, unaudited)<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" class=\"prngen38\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Operating Results by Quarter for 2021 are as follows:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>First<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Second<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Revenue<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Manufacturing<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0308,722<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0202,094<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 510,816<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Wheels, Repair &amp; Parts <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">65,556<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">71,623<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">137,179<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Leasing &amp; Services<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">28,711<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">21,905<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">50,616<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">402,989<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">295,622<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">698,611<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Cost of revenue<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Manufacturing<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">280,890<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">201,771<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">482,661<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Wheels, Repair &amp; Parts <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">62,984<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">66,667<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">129,651<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Leasing &amp; Services<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">18,444<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9,513<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">27,957<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">362,318<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">277,951<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">640,269<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Margin<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">40,671<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">17,671<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">58,342<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Selling and administrative expense<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">43,707<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">43,425<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">87,132<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net gain on disposition of equipment<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(922)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(27)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(949)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Loss from operations<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen35\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(2,114)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen36\">\n              \n            <\/td>\n<td class=\"prngen35\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(25,727)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen36\">\n              \n            <\/td>\n<td class=\"prngen35\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(27,841)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Other costs<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Interest and foreign exchange<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">11,103<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9,568<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">20,671<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Loss before income tax and loss from unconsolidated <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">affiliates<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(13,217)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(35,295)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(48,512)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Income tax benefit<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7,332<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">21,752<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">29,084<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Loss before loss from unconsolidated affiliates<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(5,885)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(13,543)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(19,428)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Loss from unconsolidated affiliates<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(744)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(378)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1,122)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Net Loss<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,629)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(13,921)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(20,550)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net (earnings) loss attributable to noncontrolling interest<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(3,343)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4,856<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,513<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Net Loss attributable to Greenbrier<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0(9,972)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen37\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0(9,065)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen37\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 (19,037)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Basic loss per common share <sup>(1)<\/sup><\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.30)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.28)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.58)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Diluted loss per common share <sup>(1)<\/sup><\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.30)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.28)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.58)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Dividends per common share<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.27<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.27<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.54<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <sup>(1) <\/sup><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Quarterly amounts may not total to the year to date amount as each period is calculated discretely. Diluted EPS is calculated by including the dilutive effect, using the treasury stock method, associated with shares underlying the 2.875% Convertible notes, 2.25% Convertible notes, restricted stock units that are not considered participating securities and performance based restricted stock units subject to performance criteria, for which actual levels of performance above target have been achieved. <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td colspan=\"11\" nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>THE GREENBRIER COMPANIES, INC.<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"11\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Supplemental Information<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"11\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>(In thousands, except per share amounts, unaudited)<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"11\" class=\"prngen38\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"11\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Operating Results by Quarter for 2020 are as follows:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"11\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>First<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Second<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Third<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Fourth<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Revenue<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Manufacturing<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0657,367<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0489,943<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0653,007<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 549,654<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ 2,349,971<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Wheels, Repair &amp; Parts <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">86,608<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">91,225<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">82,024<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">64,813<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">324,670<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Leasing &amp; Services<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">25,384<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">42,680<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">27,526<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">21,958<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">117,548<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">769,359<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">623,848<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">762,557<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">636,425<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,792,189<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Cost of revenue<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Manufacturing<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">581,912<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">422,309<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">562,793<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">498,155<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,065,169<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Wheels, Repair &amp; Parts <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">81,892<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">84,373<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">75,001<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">60,923<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">302,189<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Leasing &amp; Services<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">13,366<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">30,830<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">17,232<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10,272<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">71,700<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">677,170<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">537,512<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">655,026<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">569,350<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,439,058<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Margin<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">92,189<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">86,336<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">107,531<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">67,075<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">353,131<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Selling and administrative expense<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">54,364<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">54,597<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">49,494<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">46,251<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">204,706<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net gain on disposition of equipment<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(3,959)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,697)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(8,775)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(573)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(20,004)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Earnings from operations<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">41,784<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen36\">\n              \n            <\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">38,436<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen36\">\n              \n            <\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">66,812<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen36\">\n              \n            <\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">21,397<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen36\">\n              \n            <\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">168,429<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen36\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Other costs<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Interest and foreign exchange<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">12,852<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">12,609<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7,562<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10,596<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">43,619<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Earnings before income tax and earnings (loss) from unconsolidated affiliates<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">28,932<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">25,827<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">59,250<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10,801<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">124,810<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Income tax expense<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(5,994)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(7,463)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(24,421)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(2,306)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(40,184)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Earnings before earnings (loss) from unconsolidated affiliates<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">22,938<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">18,364<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">34,829<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8,495<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">84,626<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Earnings (loss) from unconsolidated affiliates<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,073<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,651<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,040<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(804)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,960<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Net earnings<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">24,011<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">20,015<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">35,869<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7,691<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">87,586<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net earnings attributable to noncontrolling interest<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(16,342)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,386)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(8,097)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(7,794)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(38,619)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Net earnings (loss) attributable to Greenbrier<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen39\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 7,669<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen39\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen39\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 13,629<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen39\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen39\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 27,772<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen39\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen40\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (103)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen39\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen39\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a048,967<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen39\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Basic earnings per common share <sup>(1)<\/sup><\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.24<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.42<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.85<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.00)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 1.50<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Diluted earnings per common share <sup>(1)<\/sup><\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.23<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.41<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.83<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.00)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 1.46<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Dividends per common share<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.25<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.27<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.27<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.27<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 1.06<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <sup>(1) <\/sup><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Quarterly amounts may not total to the year to date amount as each period is calculated discretely. Diluted EPS is calculated by including the dilutive effect, using the treasury stock method, associated with shares underlying the 2.875% Convertible notes, 2.25% Convertible notes, restricted stock units that are not considered participating securities and performance based restricted stock units subject to performance criteria, for which actual levels of performance above target have been achieved. <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td colspan=\"8\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>THE GREENBRIER COMPANIES, INC.<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Consolidated Statements of Cash Flows<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>(In thousands, unaudited)<\/i><br \/>\n                  <i>\u00a0<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen38\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prnvab prnsbbs prntac prnpl6 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Six Months Ended<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prnsbtb0 prnrbrb0 prnvab prnsbtb0 prntac prnpl6 prnsblb0 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>February 28,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>February 29,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2021<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen45\">\n              \n            <\/td>\n<td class=\"prngen45\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Cash flows from operating activities<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prnsbtb0 prnrbrb0 prnvab prnsbtb0 prntar prnpl6 prnsblb0 prnpr8\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 Net earnings (loss)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(20,550)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">44,026<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 Adjustments to reconcile net earnings (loss) to net cash used in <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0 operating activities:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 \u00a0 Deferred income taxes<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">16,969<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,714)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 \u00a0 Depreciation and amortization<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">50,868<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">59,338<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 \u00a0 Net gain on disposition of equipment<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(949)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(10,656)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 \u00a0 Accretion of debt discount<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,857<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,718<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 \u00a0 Stock based compensation expense<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8,951<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7,237<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 \u00a0 Noncontrolling interest adjustments<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1,285)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9,038<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 \u00a0 Other<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,135<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(39)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 \u00a0 Decrease (increase) in assets:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Accounts receivable, net<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(10,735)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">47,282<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Income tax receivable <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(52,994)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1,173)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Inventories<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(35,005)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(55,158)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Leased railcars for syndication<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(37,988)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(123,033)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Other assets<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(2,895)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(39,433)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 \u00a0 Increase (decrease) in liabilities:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Accounts payable and accrued liabilities<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(13,257)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(67,988)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Deferred revenue<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">104<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,381<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 Net cash used in operating activities<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(94,774)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(133,174)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Cash flows from investing activities<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 Proceeds from sales of assets<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">11,336<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">41,827<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 Capital expenditures<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(50,353)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(40,834)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Investments in and advances to\/repayments from unconsolidated affiliates<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4,523<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1,500)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Cash distribution from unconsolidated affiliates and other<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">488<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">11,273<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 Net cash provided by (used in) investing activities<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen47\">\n              \n            <\/td>\n<td class=\"prngen48\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(34,006)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen47\">\n              \n            <\/td>\n<td class=\"prngen47\">\n              \n            <\/td>\n<td class=\"prngen47\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10,766<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Cash flows from financing activities<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 Net change in revolving notes with maturities of 90 days or less<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">98,442<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10,246<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 Proceeds from revolving notes with maturities longer than 90 days<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">112,000<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Repayments of revolving notes with maturities longer than 90 days<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(286,000)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Repayments of notes payable <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(14,990)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(17,120)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 Dividends<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(18,046)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(17,312)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 Cash distribution to joint venture partner<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(3,646)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(8,706)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 Tax payments for net share settlement of restricted stock<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(2,357)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1,895)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 Net cash used in financing activities<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen47\">\n              \n            <\/td>\n<td class=\"prngen48\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(114,597)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen47\">\n              \n            <\/td>\n<td class=\"prngen47\">\n              \n            <\/td>\n<td class=\"prngen48\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(34,787)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Effect of exchange rate changes<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,403<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(2,824)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Decrease in cash, cash equivalents and restricted cash<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(239,974)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(160,019)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Cash and cash equivalents and restricted cash<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 Beginning of period<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">842,087<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">338,487<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 End of period<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">602,113<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen37\">\n              \n            <\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">178,468<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Balance Sheet Reconciliation<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 Cash and cash equivalents<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">593,499<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">169,899<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 Restricted cash<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8,614<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8,569<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0\u00a0 Total cash and cash equivalents and restricted cash as presented above<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">602,113<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen37\">\n              \n            <\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">178,468<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div class=\"prntal\">\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>THE GREENBRIER COMPANIES, INC.<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Supplemental Information<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>(In thousands, excluding backlog and delivery units, unaudited)<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Reconciliation of Net loss to Adjusted EBITDA <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Three Months Ended<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">February 28, <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2021<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen47\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen49\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">November 30,<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2020<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net loss<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(13,921)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(6,629)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Interest and foreign exchange<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9,568<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">11,103<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Income tax benefit<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(21,752)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(7,332)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Depreciation and amortization<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">24,822<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">26,046<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Adjusted EBITDA <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (1,283)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen39\">\n              \n            <\/td>\n<td class=\"prngen39\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 23,188<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td rowspan=\"2\" colspan=\"3\" class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Three Months <br \/>Ended<\/span>\n              <\/p>\n<\/td>\n<td rowspan=\"2\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">February 28, <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2021<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Backlog Activity (units)<\/b>\u00a0<sup>(1)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Beginning backlog<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">23,900<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Orders received<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,800<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Production held as Leased railcars for syndication<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(800)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Production sold directly to third parties<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(2,000)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Ending backlog<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">24,900<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Delivery Information (units)<\/b>\u00a0<sup>(1)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Production sold directly to third parties<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,000<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Sales of Leased railcars for syndication <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">100<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Total deliveries<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,100<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Includes Greenbrier-Maxion, our Brazilian railcar manufacturer, which is accounted for under the equity method<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>THE GREENBRIER COMPANIES, INC.<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen50\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Supplemental Leasing Information<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen50\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>(In thousands, except owned and managed fleet, unaudited)<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" class=\"prngen51\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen51\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen49\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">February 28, <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2021<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen52\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen49\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">November 30, <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2020<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen53\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Owned fleet<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen51\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8,700<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen51\">\n              \n            <\/td>\n<td class=\"prngen51\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8,400<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen53\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Managed fleet<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen51\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">445,000<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen51\">\n              \n            <\/td>\n<td class=\"prngen51\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">407,000<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen53\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Owned fleet utilization<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">95%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen54\">\n              \n            <\/td>\n<td class=\"prnsbtb0 prnrbrb0 prnvab prnsbtb0 prntar prnpl6 prnsblb0 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">93%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen51\">\n              \n            <\/td>\n<td class=\"prngen56\">\n              \n            <\/td>\n<td class=\"prngen56\">\n              \n            <\/td>\n<td class=\"prngen54\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen51\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen49\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">February 28, <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2021<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen52\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen49\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">November 30, <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2020<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen53\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Leased railcars for syndications<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen51\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0109,287<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen51\">\n              \n            <\/td>\n<td class=\"prngen51\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a051,087<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen53\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Equipment on operating lease<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen57\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">445,451<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen57\">\n              \n            <\/td>\n<td class=\"prngen57\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">445,542<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen53\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Total<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen57\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0554,738<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen57\">\n              \n            <\/td>\n<td class=\"prngen57\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0496,629<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen51\">\n              \n            <\/td>\n<td class=\"prngen51\">\n              \n            <\/td>\n<td class=\"prngen51\">\n              \n            <\/td>\n<td class=\"prngen51\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen53\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Leasing non-recourse debt<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen51\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0204,722<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen51\">\n              \n            <\/td>\n<td class=\"prngen51\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 206, 629<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen53\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Recourse debt <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen57\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">588,467<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen57\">\n              \n            <\/td>\n<td class=\"prngen57\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">590,460<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen53\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Total debt<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen57\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0793,189<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen57\">\n              \n            <\/td>\n<td class=\"prngen57\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0797,089<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen51\">\n              \n            <\/td>\n<td class=\"prngen51\">\n              \n            <\/td>\n<td class=\"prngen51\">\n              \n            <\/td>\n<td class=\"prngen51\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen53\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Fleet leverage %<sup>(1)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">37%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbbd prntar prnpl6 prnsbl1 prnpr14\">\n              \n            <\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">42%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Leasing non-recourse debt \/ Sum of leased railcars for syndication and equipment on operating lease<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td colspan=\"13\" nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>THE GREENBRIER COMPANIES, INC.<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"13\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Supplemental Information<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"13\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>(In thousands, unaudited)<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"13\" class=\"prngen38\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"13\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Segment Information<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"13\" class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Three months ended February 28, 2021:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Revenue<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Earnings (loss) from operations<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">External<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen36\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen49\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Intersegment<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen36\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen49\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0 Total<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">External<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Intersegment<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Total<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Manufacturing<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 202,094<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 2,425<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 204,519<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(17,216)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0100<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0(17,116)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Wheels, Repair &amp; Parts<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">71,623<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,603<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">73,226<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,433<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(14)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,419<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Leasing &amp; Services<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">21,905<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,113<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">23,018<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6,420<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">634<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7,054<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Eliminations<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(5,141)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(5,141)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(720)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(720)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Corporate<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(17,364)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(17,364)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 295,622<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 295,622<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(25,727)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 (25,727)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" class=\"prngen38\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen21\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Three months ended November 30, 2020:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Revenue<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Earnings (loss) from operations<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">External<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen36\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen49\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Intersegment<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen36\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen49\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0 Total<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">External<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Intersegment<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Total<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Manufacturing<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 308,722<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 20,591<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 329,313<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 9,686<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 2,505<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 12,191<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Wheels, Repair &amp; Parts<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">65,556<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">301<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">65,857<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(200)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(9)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(209)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Leasing &amp; Services<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">28,711<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4,665<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">33,376<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5,890<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4,285<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10,175<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Eliminations<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(25,557)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(25,557)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,781)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,781)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Corporate<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(17,490)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(17,490)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 402,989<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 402,989<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(2,114)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 (2,114)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen27\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prnsbtb0 prnrbrb0 prnvab prnsbbs prntac prnpl6 prnsblb0 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Total assets<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0\u00a0 February 28, <br \/>2021<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen49\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">November 30, <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2020<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Manufacturing<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a01,313,819<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a01,264,616<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Wheels, Repair &amp; Parts<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">277,788<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">274,534<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Leasing &amp; Services<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">851,546<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">758,820<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Unallocated<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">616,212<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">748,114<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a03,059,365<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<td class=\"prngen40\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a03,046,084<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p>&#8220;SAFE HARBOR&#8221; STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:\u00a0 This press release may contain forward-looking statements, including any statements that are not purely statements of historical fact. Greenbrier uses words, and variations of words, such as\u00a0 &#8220;adjust,&#8221; &#8220;become,&#8221; &#8220;continue,&#8221; &#8220;expect,&#8221; &#8220;maintain,&#8221; &#8220;outlook,&#8221; &#8220;position,&#8221; &#8220;should,&#8221; &#8220;will,&#8221; and similar expressions to identify forward-looking statements. These forward-looking statements include, without limitation, statements about backlog, and future liquidity and cash flow as well as other information regarding future performance and strategies and appear throughout this press release including in the headlines and the section &#8220;Business Update &amp; Outlook.&#8221; These forward-looking statements are not guarantees of future performance and are subject to certain risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements. Factors that might cause such a difference include, but are not limited to, the following. (1) We are unable to predict when, how, or with what magnitude COVID-19 governmental reaction to the pandemic, and related economic disruptions will negatively impact our business: we may be prevented from operating our facilities; the operations of our customers may be disrupted increasing the likelihood that our customers may attempt to delay, defer or cancel orders,\u00a0 or cease to operate as going concerns; the operations of our suppliers may be disrupted; our indebtedness may increase; we may breach the covenants in our credit agreement; the market price of our common stock may drop or remain volatile; we may incur significant employee health care costs under our self-insurance programs. The longer the pandemic continues, the more likely that negative impacts on our business will occur, some of which we cannot now foresee. (2) Our backlog of railcar units and marine vessels is not necessarily indicative of future results of operations. Certain orders in backlog are subject to customary documentation which may not occur. Customers may attempt to cancel or modify orders or refuse to accept and pay for products. The likelihood of cancellations, modifications, rejection and non-payment for our products generally increases during periods of market weakness. The timing of converting backlog to revenue is also materially impacted by our decision whether to lease railcars, sell railcars, or syndicate railcars with a lease attached to an investor. (3) Our joint ventures, including our leasing joint venture, may not perform as anticipated or expected. More information on potential factors that could cause our results to differ from our forward-looking statements is included in the Company&#8217;s filings with the SEC, including in the &#8220;Risk Factors&#8221; and &#8220;Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations&#8221; sections of the Company&#8217;s most recently filed periodic report on Form 10-K and subsequent report on 10-Q. Except as otherwise required by law, the Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management&#8217;s opinions only as of the date hereof. <\/p>\n<p>\n        <b>Adjusted Financial Metric Definitions<\/b>\n      <\/p>\n<p>Adjusted EBITDA, Adjusted net earnings (loss) attributable to Greenbrier and Adjusted diluted EPS are not financial measures under generally accepted accounting principles (GAAP). These metrics are performance measurement tools used by rail supply companies and Greenbrier. You should not consider these metrics in isolation or as a substitute for other financial statement data determined in accordance with GAAP. In addition, because these metrics are not a measure of financial performance under GAAP and are susceptible to varying calculations, the measures presented may differ from and may not be comparable to similarly titled measures used by other companies.<\/p>\n<p>We define Adjusted EBITDA as Net earnings (loss) before Interest and foreign exchange, Income tax benefit (expense), Depreciation and amortization and excluding the impact associated with items we do not believe are indicative of our core business or which affect comparability. We believe the presentation of Adjusted EBITDA provides useful information as it excludes the impact of financing, foreign exchange, income taxes and the accounting effects of capital spending. These items may vary for different companies for reasons unrelated to the overall operating performance of a company&#8217;s core business. We believe this assists in comparing our performance across reporting periods. <\/p>\n<p>Adjusted net earnings (loss) attributable to Greenbrier and Adjusted diluted EPS excludes the impact associated with items we do not believe are indicative of our core business or which affect comparability. We believe this assists in comparing our performance across reporting periods. <\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF32875&amp;sd=2021-04-06\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/greenbrier-reports-second-quarter-results-301262627.html\">http:\/\/www.prnewswire.com\/news-releases\/greenbrier-reports-second-quarter-results-301262627.html<\/a><\/p>\n<p>SOURCE  The Greenbrier Companies, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF32875&amp;Transmission_Id=202104060600PR_NEWS_USPR_____SF32875&amp;DateId=20210406\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>~ Strong liquidity positions Greenbrier for upcoming recovery ~~ Orders for 3,800 new railcars valued at over $440 million &#8211; book-to-bill of 1.8x in the quarter ~~ Backlog expanded to 24,900 units with estimated value of $2.5 billion ~~ Trailing effects of COVID-19 and inclement weather produced a net loss attributable to Greenbrier of $9 million ~~ Completed formation of GBX Leasing joint venture PR Newswire LAKE OSWEGO, Ore., April 6, 2021 \/PRNewswire\/ &#8212;\u00a0The Greenbrier Companies, Inc. (NYSE: GBX) (&#8220;Greenbrier&#8221;), a leading international supplier of equipment and services to global freight transportation markets, today reported financial results for its second fiscal quarter ended February 28, 2021. Second Quarter Highlights New railcar orders for 3,800 units valued at over $440 million &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Greenbrier Reports Second Quarter Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-471355","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Greenbrier Reports Second Quarter Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greenbrier Reports Second Quarter Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"~ Strong liquidity positions Greenbrier for upcoming recovery ~~ Orders for 3,800 new railcars valued at over $440 million &#8211; book-to-bill of 1.8x in the quarter ~~ Backlog expanded to 24,900 units with estimated value of $2.5 billion ~~ Trailing effects of COVID-19 and inclement weather produced a net loss attributable to Greenbrier of $9 million ~~ Completed formation of GBX Leasing joint venture PR Newswire LAKE OSWEGO, Ore., April 6, 2021 \/PRNewswire\/ &#8212;\u00a0The Greenbrier Companies, Inc. (NYSE: GBX) (&#8220;Greenbrier&#8221;), a leading international supplier of equipment and services to global freight transportation markets, today reported financial results for its second fiscal quarter ended February 28, 2021. Second Quarter Highlights New railcar orders for 3,800 units valued at over $440 million &hellip; Continue reading &quot;Greenbrier Reports Second Quarter Results&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-06T10:03:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF32875&amp;sd=2021-04-06\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"15 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenbrier-reports-second-quarter-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenbrier-reports-second-quarter-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Greenbrier Reports Second Quarter Results\",\"datePublished\":\"2021-04-06T10:03:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenbrier-reports-second-quarter-results\\\/\"},\"wordCount\":2985,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenbrier-reports-second-quarter-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=SF32875&amp;sd=2021-04-06\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenbrier-reports-second-quarter-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenbrier-reports-second-quarter-results\\\/\",\"name\":\"Greenbrier Reports Second Quarter Results - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenbrier-reports-second-quarter-results\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenbrier-reports-second-quarter-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=SF32875&amp;sd=2021-04-06\",\"datePublished\":\"2021-04-06T10:03:26+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenbrier-reports-second-quarter-results\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenbrier-reports-second-quarter-results\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenbrier-reports-second-quarter-results\\\/#primaryimage\",\"url\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=SF32875&amp;sd=2021-04-06\",\"contentUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=SF32875&amp;sd=2021-04-06\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenbrier-reports-second-quarter-results\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Greenbrier Reports Second Quarter Results\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Greenbrier Reports Second Quarter Results - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/","og_locale":"en_US","og_type":"article","og_title":"Greenbrier Reports Second Quarter Results - Market Newsdesk","og_description":"~ Strong liquidity positions Greenbrier for upcoming recovery ~~ Orders for 3,800 new railcars valued at over $440 million &#8211; book-to-bill of 1.8x in the quarter ~~ Backlog expanded to 24,900 units with estimated value of $2.5 billion ~~ Trailing effects of COVID-19 and inclement weather produced a net loss attributable to Greenbrier of $9 million ~~ Completed formation of GBX Leasing joint venture PR Newswire LAKE OSWEGO, Ore., April 6, 2021 \/PRNewswire\/ &#8212;\u00a0The Greenbrier Companies, Inc. (NYSE: GBX) (&#8220;Greenbrier&#8221;), a leading international supplier of equipment and services to global freight transportation markets, today reported financial results for its second fiscal quarter ended February 28, 2021. Second Quarter Highlights New railcar orders for 3,800 units valued at over $440 million &hellip; Continue reading \"Greenbrier Reports Second Quarter Results\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-06T10:03:26+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF32875&amp;sd=2021-04-06","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"15 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Greenbrier Reports Second Quarter Results","datePublished":"2021-04-06T10:03:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/"},"wordCount":2985,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF32875&amp;sd=2021-04-06","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/","name":"Greenbrier Reports Second Quarter Results - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF32875&amp;sd=2021-04-06","datePublished":"2021-04-06T10:03:26+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/#primaryimage","url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF32875&amp;sd=2021-04-06","contentUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF32875&amp;sd=2021-04-06"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-reports-second-quarter-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Greenbrier Reports Second Quarter Results"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/471355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=471355"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/471355\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=471355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=471355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=471355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}