FreightCar America

FreightCar America, Inc. engages in the manufacture of railcars and railcar components. It operates through the Manufacturing and Corporate and Other segments. The Manufacturing segment includes new railcar manufacturing, used railcar sales, railcar leasing and major railcar rebuilds. The Corporate and Other segment focuses on the sales of parts. The company was founded in 1901 and is headquartered in Chicago, IL.

Earnings data Q2 2021

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Earnings data Q1 2024

FreightCar America reports solid Q1 results, focuses on 2024 growth

FreightCar America's Q1 performance showed solid revenues and a strong order backlog, but challenges remain in demand recovery and financial losses. The company's focus on building the order book for 2024 and executing refinancing presents opportunities for future growth.

FreightCar America reports 56% revenue growth, raises EBITDA guidance

FreightCar America delivered strong revenue growth, raised its EBITDA guidance, and showcased a substantial railcar backlog. The company's commitment to operational excellence and the new COO's appointment signal a focus on efficiency and growth.

FreightCar America's Q3 Revenue Declines, Operational Resilience and Growth Potential

FreightCar America faces challenges with border disruptions impacting revenue, but it maintains strong operational performance and demand. The completion of a new production line and a robust order backlog indicate long-term growth potential. Resilience in adjusted EBITDA and margin improvement opportunities position the company for future success.

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CHICAGO, April 24, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its first quarter 2024 financial results on Wednesday, May 8, 2024 after the market close. The conference call and live webcast will be held on Thursday, May 9 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com.

FreightCar America, Inc. To Release First Quarter Results On May 8, 2024

CHICAGO, April 24, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (Nasdaq: RAIL), a diversified manufacturer of railroad freight cars, today announced that senior management will present and host one-on-one meetings with investors at the Planet MicroCap Showcase: VEGAS 2024, taking place on April 30 – May 2, 2024. Nicholas Randall, incoming President and Chief Executive Officer, and Michael Riordan, Chief Financial Officer, will begin the presentation at 6:30 PM CDT on May 1. FreightCar America, Inc. will also host one-on-ones with investors on Thursday, May 2, 2024.

FreightCar America, Inc. to Present at Planet MicroCap Showcase: VEGAS 2024

FreightCar America, Inc. (RAIL) Q4 2023 Earnings Call Transcript

Nick Randall, Chief Operating Officer to Succeed Jim Meyer as President and CEO; Jim Meyer to remain on the Board of Directors and become Executive Chairman

FreightCar America, Inc. Announces CEO Transition

Company delivers solid results with Gross Profit up 62% on significant year-over-year margin expansion Provides revenue, deliveries and Adjusted EBITDA guidance for 2024 CHICAGO, March 18, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer of railroad freight cars, today reported results for the fourth quarter and full year ended December 31, 2023. Fiscal Year 2023 Highlights Revenues of $358.1 million, down 1.8% year-over-year, on deliveries of 3,022 railcars, down 5.1% year-over-year Gross margin of 11.7% with gross profit of $41.8 million, compared to gross margin of 7.1% with gross profit of $25.8 million in fiscal year 2022 Net loss of ($23.6) million, or ($1.18) per share and adjusted net loss of ($1.0) million, or ($0.39) per share, accounting for primarily non-cash items including $14.9 million loss on extinguishment of debt, $4.1 million impairment on leased railcars and $2.2 million on the change in fair market value of warrant liability Adjusted EBITDA of $20.1 million, compared to Adjusted EBITDA of $8.4 million in fiscal year 2022 Announced that on May 1, 2024, Nick Randall, the Company's current Chief Operating Officer, will succeed Jim Meyer as President and Chief Executive Officer and become a member of the Company's Board of Directors, while Mr.

FreightCar America, Inc. Reports Fourth Quarter and Full Year 2023 Results

CHICAGO, March 05, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its fourth quarter and full year 2023 financial results on March 18, 2024, after the market close. The conference call and live webcast will be held on Tuesday, March 19, 2024 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com.

FreightCar America, Inc. To Release Fourth Quarter and Full Year 2023 Results On March 18, 2024

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CHICAGO, Jan. 10, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (Nasdaq: RAIL), a diversified manufacturer of railroad freight cars, today announced that senior management will participate in the Sidoti Micro-Cap Virtual Conference on January 17-18, 2024. Jim Meyer, President and Chief Executive Officer, and Michael Riordan, Chief Financial Officer, will present at 11:15 AM CST on Wednesday, January 17. Management will also be conducting one-on-one meetings with investors in attendance at the conference.

FreightCar America, Inc. to Present at Sidoti Micro-Cap Virtual Conference

Company delivers another strong quarterly gross margin with further expansion Reaffirms EBITDA guidance; adjusts full year revenue and railcar delivery guidance down CHICAGO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer of railroad freight cars, today reported results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights Revenues of $61.9 million on 503 railcar deliveries, a decrease of 27.8% compared to revenues of $85.7 million on 783 railcar deliveries in the third quarter of 2022 Gross margin of 14.9% with gross profit of $9.2 million, compared to gross margin of 5.3% with gross profit of $4.6 million in the third quarter of 2022 Net income of $3.2 million, or ($0.03) per share and Adjusted Net income of $176 thousand, or ($0.14) per share Adjusted EBITDA of $3.5 million, compared to Adjusted EBITDA of $1.6 million in the third quarter of 2022 Railcar orders of 1,015 in the third quarter and 3,356 year-to-date, with quarter-end backlog totaling 3,800 railcars for an aggregate value of approximately $452 million Updated FY23 guidance range of $365 to $380 million for revenue and 3,150 to 3,300 for railcar deliveries; Reaffirmed FY23 Adjusted EBITDA guidance of $18 to $22 million Jim Meyer, President and Chief Executive Officer of FreightCar America, commented, “Our results this quarter underscore the power of disciplined commercial decision making combined with running the most efficient manufacturing operation in the industry.

FreightCar America, Inc. Reports Third Quarter 2023 Results

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CHICAGO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its third quarter 2023 financial results on Monday, November 6, 2023, after the market close. The conference call and live webcast will be held on Tuesday, November 7, 2023 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com.

FreightCar America, Inc. To Release Third Quarter Results On November 6, 2023

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MRO, APA, IMGN, RAIL and MFA have been added to the Zacks Rank #1 (Strong Buy) List on October 18, 2023.

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Freightcar America (RAIL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

What Makes Freightcar America (RAIL) a New Strong Buy Stock

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FANG, KUBTY, MTRX, PARR and RAIL have been added to the Zacks Rank #1 (Strong Buy) List on October 13, 2023.

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Freightcar America (RAIL) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Despite Fast-paced Momentum, Freightcar America (RAIL) Is Still a Bargain Stock

CHICAGO, Sept. 05, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (Nasdaq: RAIL), a diversified manufacturer of railroad freight cars, today announced that senior management will participate in TD Cowen's 16th Annual Global Transportation Conference in Boston. Jim Meyer, President and Chief Executive Officer, and Michael Riordan, Chief Financial Officer, will be participating in a fireside chat from 10:20 AM ET to 10:50 AM ET on Wednesday, September 6, hosted by Cowen's Transportation, OEMs & Technology analyst, Matt Elkott. Management will also be conducting one-on-one meetings with investors in attendance at the conference.

FreightCar America, Inc. To Participate In TD Cowen's 16th Annual Global Transportation Conference

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Freightcar America (RAIL) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Freightcar America (RAIL) Is Attractively Priced Despite Fast-paced Momentum

FreightCar America, Inc. (NASDAQ:RAIL ) Q2 2023 Earnings Conference Call August 8, 2023 11:00 AM ET Company Participants Chris O'Dea - Investor Relations Jim Meyer - President and Chief Executive Officer Mike Riordan - Chief Financial Officer Matt Tonn - Chief Commercial Officer Nick Randall - Chief Operating Officer Conference Call Participants Brady Lierz - Stephens Inc Matt Elkott - TD Cowen Operator Welcome to FreightCar America's Second Quarter 2023 Earnings Conference Call. AT this time all participant lines are in a listen-only mode.

FreightCar America, Inc. (RAIL) Q2 2023 Earnings Call Transcript

Company delivers strong quarterly results realizing significant revenue growth and gross margin expansion Raises guidance for fiscal year 2023 CHICAGO, Aug. 07, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer of railroad freight cars, today reported results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights Revenues of $88.6 million on 760 railcar deliveries, up 56% compared to revenues of $56.8 million on 468 railcar deliveries in the second quarter of 2022 Gross margin of 14.6% with gross profit of $13.0 million, compared to gross margin of 11.6% with gross profit of $6.6 million in the second quarter of 2022 Net loss of ($18.9) million, or ($0.73) per share and Adjusted Net income of $2.7 million, or $0.02 per share, accounting primarily for non-cash items associated with the loss on debt extinguishment and change in fair market value of warrant liability Adjusted EBITDA of $8.0 million, compared to Adjusted EBITDA of $2.3 million in the second quarter of 2022 Railcar orders of 381 in the second quarter and 2,341 for the first half of the year, with quarter-end backlog totaling 3,288 railcars for an aggregate value of approximately $382 million FY23 Adjusted EBITDA guidance raised to $18 - $22 million from prior guidance of $15 - $20 million Jim Meyer, President and Chief Executive Officer of FreightCar America, commented, “FreightCar America finished an impressive quarter, with revenues up 56% year-over-year and gross margins of 14.6%.

FreightCar America, Inc. Reports Second Quarter 2023 Results

CHICAGO, July 25, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar”) today announced that it will release its second quarter 2023 financial results on Monday, August 7, 2023, after the market close. FreightCar invites shareholders and other interested parties to listen to its financial results conference call on Tuesday, August 8, 2023 at 11:00 a.m. (ET) via the following live and recorded methods:

FreightCar America, Inc. To Release Second Quarter Results On August 7, 2023

CHICAGO, June 28, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (Nasdaq: RAIL) (the “Company”) announced today that the Company made an equity inducement grant (“Inducement Grant”) to Nicholas J. Randall on June 26, 2023, in connection with Mr. Randall's appointment as Chief Operating Officer of the Company. The Inducement Grant is made pursuant to the employment agreement entered into between the Company and Mr. Randall on May 12, 2023, and in accordance with Nasdaq Listing Rule 5635(c)(4).

FreightCar America Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

Company adds to its executive leadership team as it continues to grow and focus on delivering superior manufacturing excellence and customer satisfaction Company adds to its executive leadership team as it continues to grow and focus on delivering superior manufacturing excellence and customer satisfaction

FreightCar America, Inc. Announces Appointment of Nicholas J. Randall as Chief Operating Officer

FreightCar America, Inc. (NASDAQ:RAIL ) Q1 2023 Results Conference Call May 10, 2023 11:00 AM ET Company Participants Stephen Poe - IR Jim Meyer - President and CEO Mike Riordan - CFO Matt Tonn - Chief Commercial Officer Conference Call Participants Justin Long - Stephens Inc. Matt Elkott - TD Cowen Operator Greetings, and welcome to FreightCar America First Quarter Earnings Conference Call. At this time all participants are in a listen-only mode.

FreightCar America, Inc. (RAIL) Q1 2023 Earnings Call Transcript

Company reaffirms fiscal 2023 revenue, Adjusted EBITDA, and delivery outlook Strong order intake with backlog extending into 2024 CHICAGO, May 09, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer of railroad freight cars, today reported results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights Revenues of $81.0 million on deliveries of 738 railcars, compared to revenues of $129.0 million on deliveries of 1,150 railcars in the prior quarter and revenues of $93.2 million on deliveries of 783 railcars in the first quarter of 2022 Gross margin of 9.2% with gross profit of $7.5 million, compared to gross margin of 3.6% with gross profit of $4.6 million in the prior quarter and gross margin of 10.8% with gross profit of $10.1 million in the first quarter of 2022 Net loss of ($5.0) million, or ($0.19) per share and Adjusted Net Loss of ($5.7) million, or ($0.21) per share, accounting primarily for non-cash income associated with the change in fair market value of warrant liability Adjusted EBITDA of $2.1 million, compared to Adjusted EBITDA of $1.2 million in the prior quarter and Adjusted EBITDA of $3.3 million in the first quarter of 2022 Railcar orders of 1,960 in the first quarter, with quarter-end backlog totaling 3,667 railcars for an aggregate value of approximately $413 million Signed deal to issue non-convertible preferred stock with financial partner to reduce debt and provide additional growth capital 2023 revenue, Adjusted EBITDA, and delivery outlook reaffirmed Jim Meyer, President and Chief Executive Officer of FreightCar America, commented, “We were pleased with our first quarter results, which were in line with our expectations.

FreightCar America, Inc. Reports First Quarter 2023 Results

CHICAGO, April 25, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its first quarter 2023 financial results on Tuesday, May 9, 2023, after the market close. The conference call and live webcast will be held on Wednesday, May 10, 2023 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com.

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