$7.170
-0.070 (-0.97%)At close
RAIL News
RAIL Events
FreightCar America Adopts Limited Duration Stockholder Rights Plan
FreightCar America has adopted a limited duration stockholder rights plan to protect the interests of FreightCar America stockholders. The rights plan is intended to replace the company's existing limited duration rights plan, which expires on August 5.
FreightCar America Q2 Revenue $113.14M Exceeds Expectations
Reports Q2 revenue $113.14M, consensus $110.41M. "Our second-quarter results reflect two different realities," said Nick Randall, President and Chief Executive Officer of FreightCar America. "Commercially, we delivered one of the strongest order quarters in our recent history, with backlog value increasing 121% sequentially and our share of industry new-railcar orders reaching approximately 45%. Operationally, the production ramp began later than planned due to customer delivery timing, reducing fixed-cost absorption and shifting a portion of expected 2026 deliveries into early 2027."
FreightCar America Cuts FY26 EBITDA Outlook to $36M-$44M
Consensus $506.24M. Cuts FY26 adjusted EBITDA view to $36M-$44M from $41M-$50M. Mike Riordan, Chief Financial Officer of FreightCar America, added, "Free cash flow rose 43% year over year to $11.3 million, while we maintained solid balance sheet flexibility. We also closed our second aftermarket acquisition in under a year, an immediately accretive addition to our business as we continue to execute on our capital allocation priorities. While our updated full-year outlook reflects the shift in new railcar delivery timing, our lower cost structure and robust order intake support stronger results in the back half. Our long-term growth trajectory and value we are building for the years ahead remain firmly on track."
FreightCar America Secures Order for 1,900 Railcars
FreightCar America announced that it has entered into a new multi-year order for 1,900 railcars from a customer, with deliveries scheduled through 2028. The company also announced that second quarter orders totaled approximately 3,000 railcars. Certain orders referenced in this release are subject to customary documentation and completion of terms.
Company Confirms FY26 Adjusted EBITDA View of $41M to $50M
Backs FY26 adjusted EBITDA view $41M-$50M. Backs FY26 railcar deliveries view 4,000-4,500. Randall continued, "Looking ahead, we remain focused on disciplined execution against the opportunities we see across our business as the year progresses. Our tank car retrofit program remains on track, and we expect continued growth in our aftermarket program. Together, our total backlog, productivity improvements, flexible manufacturing footprint and disciplined commercial approach provide visibility into our full-year expectations and reinforce our ability to perform across a range of market conditions."
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.