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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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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Company d eliver s 99% year-over-year revenue growth and record quarterly deliv eries for new plant

FreightCar America, Inc. Reports First Quarter 2024 Results

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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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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MTRX, OPI, CANF, ENLV and RAIL have been added to the Zacks Rank #1 (Strong Buy) List on October 27, 2023.

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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

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.

FreightCar America, Inc. to Release First Quarter 2023 Results on May 9, 2023

FreightCar America is ready to handle any increase in tank car demand should federal regulators speed up the timeline to replace or retrofit DOT-111 tank cars to DOT-117 cars, company executives said during the rail car manufacturer's first-quarter 2023 earnings call. Regulators are considering hastening the timeline to fully implement DOT-117 tank cars into the U.S. rail car pool from 2029 to 2025 in light of rail safety concerns following the Feb. 3 derailment of a Norfolk Southern train in East Palestine, Ohio.

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