GBX — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-01

• We are monitoring developments related to tariffs and trade policies, including those imposed under Section 232 of the Trade Expansion Act of 1962 on steel and aluminum, the impact of the recent Notice of Determination on freight couplers from the U.S. Customs and Border Protection and the administr…

• $10.7 million decrease in Selling and administrative expense primarily attributed to lower employee-related costs.

• $8.8 million change in Net (earnings) loss attributable to noncontrolling interest primarily a result of lower railcar deliveries at our Mexican railcar manufacturing joint venture.

• Leasing & Fleet Management Earnings from operations decreased $1.6 million for the three months ended May 31, 2026 compared to the three months ended May 31, 2025. The decrease was attributed to lower lease revenue primarily associated with utilization based arrangements and a decline in interim ren…

• Earnings from unconsolidated affiliates were $5.1 million and $6.2 million for the three months ended May 31, 2026 and May 31, 2025, respectively. The decrease was primarily due to lower earnings at Axis, a joint venture which manufacturers railcar components, for the three months ended May 31, 2026…

Text removed vs the prior filing · source: 10-Q · 2026-04-07

• $8.0 million decrease in Interest and foreign exchange expense resulting from the change in the Mexican Peso's and Brazilian Real's foreign exchange rates relative to the U.S. Dollar and higher interest income.

• $7.2 million decrease in Selling and administrative expense primarily attributed to lower employee-related costs.

• Leasing & Fleet Management Earnings from operations increased $0.9 million for the three months ended February 28, 2026 compared to the three months ended February 28, 2025. The increase was primarily attributed to a $3.4 million increase in net gain on disposition of equipment from higher sales of …

• Earnings from unconsolidated affiliates were $4.2 million and $4.3 million for the three months ended February 28, 2026 and February 28, 2025, respectively.

• $39.4 million decrease in Income tax expense due to lower pre-tax earnings.

Text added vs the prior filing · source: 10-Q · 2026-07-01

• Changes in global trade policies, including imposed and threatened tariffs by the U.S. and reciprocal tariffs by its trading partners, remain uncertain and could impact our financial condition or results of operations.

• The current U.S. presidential administration has announced a wide range of tariffs on imports from many countries. In response to these tariffs, certain of the impacted countries have announced, and in some cases imposed, counter tariffs on goods that are imported from the U.S. The imposition of suc…

• The uncertainty of the tariffs, including a potential increase in costs and decrease in demand for our products, could heighten the other risks factors and uncertainties discussed in this Item 1A, or in other reports we periodically file with the SEC, and impact our financial condition or results of…

• In May 2026, the U.S. Customs and Border Protection issued a Notice of Determination (the Determination) that the Company evaded antidumping and countervailing duties (AD/CVD) on certain duty orders (the Orders) of certain freight rail couplers (FRCs) attached to newly-built railcars during the Peri…

• In April 2026, tariffs were imposed on freight rail tank cars that make entry into the U.S. under Section 232 of the Trade Expansion Act of 1962 on steel and aluminum. Ongoing uncertainty in these areas, including the administration of trade policy in North America, has adversely affected and may co…