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.

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Earnings data Q4 2024

FreightCar America reports stellar 2022 results and eyes growth opportunities

FreightCar America's 2022 performance reflects financial strength and operational efficiency, supported by a robust order backlog and strong demand for railcars.
While facing challenges such as production capacity constraints and market entry strategies, the company is well-positioned to capitalize on growth opportunities.
With a positive outlook for 2023 and strategic initiatives in place, FreightCar America is poised for continued success and expansion in the railcar industry.

FreightCar America (RAIL) reports strong Q1 performance and growth outlook

FreightCar America (RAIL) delivered a solid performance in Q1 2023, meeting revenue expectations and demonstrating operational strength.
Despite potential challenges in production capacity and market uncertainties, the company's positive outlook and strategic initiatives position them for growth.
With a strong order backlog, financial resilience, and focus on profitability, FreightCar America is poised to navigate industry dynamics and drive sustainable performance.

FreightCar America reports strong Q2 earnings, raises guidance amid growth

FreightCar America delivered robust Q2 results with significant revenue growth and improved gross margin. The company's strategic initiatives, including the appointment of a new COO and completion of a manufacturing campus in Mexico, position it for future success. Challenges remain in managing foreign currency impacts and operational hurdles.

FreightCar America shows resilience in Q3 amidst industry challenges

FreightCar America navigated challenges with operational efficiency and commercial focus, driving profitability and order backlog strength.
Despite revenue decline and lowered guidance, the company's strategic initiatives position it for growth and improved financial performance.
Opportunities in capital structure enhancement and cost savings present avenues for sustained growth and operational excellence.

FreightCar America reports robust 2023 earnings, eyes growth and efficiency

FreightCar America's strong financial performance in 2023, despite challenges, positions the company for continued growth and operational excellence in 2024.
The completion of the Castanos manufacturing facility and CEO transition signal strategic moves to enhance production capacity and leadership effectiveness.
With revenue and EBITDA growth, positive cash flow, and a focus on operational improvements, FreightCar America is poised for a successful year ahead.

FreightCar America reports stellar Q1 results, eyes sustained growth

FreightCar America's Q1 2024 results reflect strong performance and growth momentum, supported by robust order intake and revenue expansion.
The company's strategic focus on operational excellence, commercialization, and industry dynamics positions it well for future opportunities and challenges in the railcar manufacturing sector.

FreightCar America reports record Q2 earnings and strategic growth plans

FreightCar America delivered exceptional financial results in Q2 2024, with significant revenue growth and raised guidance for the year.
While facing challenges such as inventory timing and production readiness, the company's strong leadership and order backlog position it well for future growth.
By addressing operational challenges and capitalizing on opportunities, FreightCar America can navigate potential hurdles and drive sustained success.

FreightCar America excels in Q3, poised for sustained growth

FreightCar America's Q3 performance reflects resilience and strategic market positioning amidst industry challenges.
With a focus on innovation, growth, and financial stability, the company remains poised for sustained success.
Despite facing industry headwinds, FreightCar America's strong performance and market confidence signal a promising outlook.

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FreightCar America's Q3 2024 results showed a positive EPS surprise but missed revenue targets, causing a 36% drop in share price. Despite market concerns, the drop in share price seems overblown given RAIL's maintained guidance and market share gains. Tariff impacts on steel costs are a concern, but the risk is mitigated by low reliance on Chinese imports.

FreightCar America: Market Overreacted To Missing Revenues And Tariff Risks

FreightCar America, Inc. (NASDAQ:RAIL ) Q3 2024 Earnings Conference Call November 12, 2024 11:00 AM ET Company Participants Chris O'Dea - Riverton Investor Relations Nicholas Randall - President and Chief Executive officer Mike Riordan - Chief Financial Officer Matthew Tonn - Chief Commercial Officer. Conference Call Participants Mark Reichman - Noble Capital Markets Brendan McCarthy - Sidoti & Company Operator Welcome to FreightCar America's Third Quarter 2014 Earnings Conference Call.

FreightCar America, Inc. (RAIL) Q3 2024 Earnings Call Transcript

Freightcar America (RAIL) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.14 per share a year ago.

Freightcar America (RAIL) Surpasses Q3 Earnings Estimates

Company delivers 83% year-over-year revenue growth with strong gross margin Raises mid-point of full year Adjusted EBITDA guidance CHICAGO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today reported results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenues of $113.3 million on 961 railcar deliveries, compared to revenues of $61.9 million on 503 railcar deliveries in the third quarter of 2023, up 83% and 91% respectively Gross margin of 14.3% with gross profit of $16.2 million, compared to gross margin of 14.9% with gross profit of $9.2 million in the third quarter of 2023 Net loss of ($107.0) million, or ($3.57) per share and Adjusted net income of $7.3 million, or $0.08 per share, driven by a ($110.0) million non-cash loss on warrant liability due to a significant appreciation in share price Adjusted EBITDA of $10.9 million, compared to Adjusted EBITDA of $3.5 million in the third quarter of 2023, up 211% Ended the quarter with a backlog of 3,611 units valued at $372 million “We again demonstrate the power of our disciplined approach to growth and operational excellence.

FreightCar America, Inc. Reports Third Quarter 2024 Results

CHICAGO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced that the Company will present, and conduct one-on-one meetings with investors, at the Sidoti Micro-Cap Virtual Conference, on November 13-14, 2024.

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

Freightcar America (RAIL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Freightcar America (RAIL) Earnings Expected to Grow: What to Know Ahead of Q3 Release

Freightcar America (RAIL) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Freightcar America (RAIL) Soars 10.7%: Is Further Upside Left in the Stock?

RAIL's operational improvements, including the new facility in Mexico, have led to significant revenue and EBITDA growth. RAIL's financial health has improved, with strong cash flow and reduced net debt. Despite these positives, the potential dilution from outstanding warrants and stock options caps the stock's upside.

RAIL's Soaring Potential Chained By Dilution Risk

CHICAGO, Oct. 22, 2024 (GLOBE NEWSWIRE) --  FreightCar America, Inc. (NASDAQ: RAIL or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced that the Company will present, and conduct one-on-one meetings with investors, at the LD Micro Main Event XVII on October 29, 2024 in Los Angeles.

FreightCar America, Inc. to Present at LD Micro Conference

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Regular readers of my writeups know that I am a huge fan of trading momentum stocks, as momentum is one of the market's premier anomalies. But when investors combine momentum with the Zacks Rank, they really get something special.

Small Cap Momentum: 3 Top Ranked Stocks Crushing the Market

Shares of FreightCar America Inc (RAIL, Financial) fell 3.91% in mid-day trading on Oct 2. The stock reached an intraday low of $10.45, before recovering slightly to $10.88, down from its previous close of $11.32.

FreightCar America Inc (RAIL) Stock Price Down 3.91% on Oct 2

Freightcar America (RAIL) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Freightcar America (RAIL) Moves 10.7% Higher: Will This Strength Last?

Improved demand for railcars adds to RAIL stock's investment-worthiness.

Here's Why You Should Add Freightcar America Stock to Your Portfolio

Freightcar America (RAIL) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Freightcar America (RAIL) is on the Move, Here's Why the Trend Could be Sustainable

If you are looking for stocks that are well positioned to maintain their recent uptrend, Freightcar America (RAIL) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Recent Price Trend in Freightcar America (RAIL) is Your Friend, Here's Why

Freightcar America (RAIL) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Freightcar America (RAIL) Surges 10.8%: Is This an Indication of Further Gains?

FreightCar America shares have surged 182% in 15 months, outperforming the S&P 500's 32.6% gain, driven by strong financial results and market potential. Recent financials show significant growth: revenue up 82%, gross profit up 46%, operating income up 93%, and net loss reduced by 86%. The company has secured major orders and increased production capacity, forecasting 2024 revenue between $560-$600 million, indicating a strong industry upswing.

Adding To My FreightCar America Investment

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.

Why Fast-paced Mover Freightcar America (RAIL) Is a Great Choice for Value Investors

Freightcar America (RAIL) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Freightcar America (RAIL) Is a Great Choice for 'Trend' Investors, Here's Why

CHICAGO, Aug. 22, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced that senior management will present and host one-on-one meetings with investors at the Midwest IDEAS Conference, taking place on August 28-29, 2024 in Chicago. Nick Randall, President and Chief Executive Officer, and Mike Riordan, Chief Financial Officer, will begin the presentation at 4:10 PM CDT on August 29th. FreightCar America, Inc. will also host one-on-ones with investors on Thursday, August 29, 2024.

FreightCar America, Inc. to Present at Midwest IDEAS Conference

FreightCar America, Inc. (NASDAQ:RAIL ) Q2 2024 Earnings Conference Call August 13, 2024 11:00 AM ET Company Participants Chris O'Dea - Riverton Investor Relations Nick Randall - President and CEO Matthew Tonn - Chief Commercial Officer Michael Riordan - CFO Conference Call Participants Mark Reichman - Noble Capital Markets Operator Welcome to FreightCar America's Second Quarter 2024 Earnings Conference Call. At this time all participants are in listen-only mode.

FreightCar America, Inc. (RAIL) Q2 2024 Earnings Call Transcript

Company delivers 66% year-over-year revenue growth with record profitability at new plant, raises full year guidance

FreightCar America, Inc. Reports Second Quarter 2024 Results

CHICAGO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a pure-play manufacturer of high-quality railcars with a legacy of 120+ years, proudly announces that it has entered into a multi-year agreement to convert tank cars to upgraded specifications. The Company's storied history includes a strong foundation including deliveries of over 15,000 conversions and rebodied railcars that have paved the way for this landmark agreement. This expansion into tank car conversions marks a key milestone in the Company's ongoing efforts to diversify its product offerings while continuing to support its legacy and meet customer needs.

FreightCar America, Inc. Announces Expansion into Tank Cars Securing Multi-Year Order

CHICAGO, July 29, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its second quarter 2024 financial results on Monday, August 12, 2024 after the market close. The conference call and live webcast will be held on Tuesday, August 13 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 Second Quarter Results On August 12, 2024

CHICAGO, June 25, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a pure-play manufacturer of high-quality railcars with a legacy of 120+ years, proudly announces the production of its 10,000th railcar at its purpose-built state-of-the-art manufacturing facility in Castaños, Mexico. This significant achievement marks a major milestone in the Company's completed manufacturing transformation and highlights its unwavering commitment to excellence in pursuit of delivering world-class operations.

News for FreightCar America Stock (RAIL)