Earnings Per Share (Tables)

9 Months Ended

May 31, 2026

Earnings Per Share [Abstract]

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

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


	Three months ended May 31,								Nine months ended May 31,
(in thousands)	2026				2025				2026				2025
Weighted average basic common shares outstanding		30,938				31,186				30,936				31,269
Dilutive effect of 2.875% convertible notes due 2028 (1)		—				—				—				40
Dilutive effect of restricted stock units (2)		807				998				845				963
Weighted average diluted common shares outstanding		31,745				32,184				31,781				32,272

(1) The dilutive effect of the 2.875% Convertible notes due 2028 was excluded for the three and nine months ended May 31, 2026 and the three months ended May 31, 2025 as the average stock price was less than the applicable conversion price and therefore was considered anti-dilutive. As these notes require cash settlement for the principal, only a premium is potentially dilutive under the "if converted" method as further discussed below.

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

Approach to Calculate Diluted Earnings per Share


	Three months ended May 31,								Nine months ended May 31,
(in millions, except number of shares which are reflected in thousands, and per share amounts)	2026				2025				2026				2025
Net earnings attributable to Greenbrier	$	18.9			$	60.1			$	70.3			$	167.3
Weighted average basic common shares outstanding		30,938				31,186				30,936				31,269
Basic earnings per share	$	0.61			$	1.92			$	2.27			$	5.35

Net earnings attributable to Greenbrier	$	18.9			$	60.1			$	70.3			$	167.3
Weighted average diluted common shares outstanding		31,745				32,184				31,781				32,272
Diluted earnings per share	$	0.60			$	1.86			$	2.21			$	5.18