Welcome to our dedicated page for Freightcar Amer news (Ticker: RAIL), a resource for investors and traders seeking the latest updates and insights on Freightcar Amer stock.
FreightCar America, Inc. (symbol: RAIL) is a leading manufacturer of railcars and components, serving diverse transportation needs primarily in North America. With a proud heritage dating back to 1901, FreightCar America is renowned as the home of the aluminum railcar and has earned a reputation for building high-quality railcars for over a century.
The company designs and produces a wide range of railcar types, including box cars, hoppers, covered hoppers, gondolas, and flat cars. These railcars cater to both intermodal and non-intermodal freight transportation, serving an extensive clientele that includes shippers, railroads, and financial institutions.
FreightCar America operates through two main segments: Manufacturing and Parts. The Manufacturing segment encompasses new railcar manufacturing, used railcar sales, leasing, and major rebuilds, whereas the Parts segment, along with corporate activities, forms Corporate and Other. The company's revenue is predominantly derived from its Manufacturing segment, with all revenue generated within the United States.
Recent achievements and projects highlight FreightCar America's commitment to innovation and customer satisfaction. The company has enhanced its production facilities and leveraged its vast design knowledge and experience in aluminum railcar building to expand its product line, providing significant cost benefits to customers.
Quality is a core value at FreightCar America. Every employee is dedicated to achieving a high degree of excellence, ensuring that every railcar meets rigorous standards. This commitment extends to customer service, beginning with the first customer contact and continuing throughout the life of each railcar.
Latest News: The company has recently raised its outlook for fiscal year 2023. Investors, analysts, and members of the media interested in the latest updates can access the Second Quarter 2023 Conference Call & Webcast Information. Further details and forward-looking statements are also available.
For investor inquiries, contact: RAILIR@Riveron.com
FreightCar America (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, has scheduled its fourth quarter and full year 2024 financial results release for March 12, 2025, after market close.
The company will host a conference call and webcast on March 13, 2025 at 11:00 a.m. Eastern Time. While the webcast will be listen-only, participants can join via phone by dialing (877) 407-0789 or (201) 689-8562.
An audio replay will be available from 3:00 p.m. ET on March 13 until March 27, 2025, accessible by dialing (844) 512-2921 or (412) 317-6671 with passcode 13751273.
FreightCar America (NASDAQ: RAIL) has secured a new $35 million Asset-Based Lending (ABL) credit facility with Bank of America. The facility features a maturity period of 4 years and 9 months and offers a reduced interest rate of SOFR + 175, resulting in approximately 35% lower borrowing costs compared to the previous ABL facility.
The new credit agreement aims to optimize working capital needs and enhance financial flexibility to support the company's ongoing growth and strategic initiatives. This development represents a significant step in FreightCar America's comprehensive refinancing efforts.
FreightCar America (NASDAQ: RAIL) has secured a new $115 million 4-year term loan facility to redeem all outstanding Series C Preferred Stock shares and settle accrued dividends. The new financing, completed on December 31st, 2024, is priced at SOFR + 600, resulting in a 40% reduction in the company's cost of capital.
This reduction is expected to generate savings of approximately $9.2 million in the first year, equivalent to $0.26 per share on a fully diluted basis. The strategic financial move aims to enhance the company's financial flexibility and cash flow generation while supporting its growth strategy.
FreightCar America (NASDAQ: RAIL), a manufacturer of railroad freight cars and components, has announced its participation in the Noble Capital Markets' Emerging Growth Equity Conference. The event will take place on December 3-4, 2024, in Boca Raton, Florida. Nick Randall, President and CEO, and Mike Riordan, CFO, will deliver a presentation on December 3rd at 1:30 PM CT and hold one-on-one investor meetings during both conference days. A replay of the presentation will be available on the company's investor relations website.
FreightCar America (NASDAQ: RAIL) reported strong Q3 2024 results with revenues of $113.3 million on 961 railcar deliveries, representing an 83% year-over-year increase. The company achieved a gross margin of 14.3% with gross profit of $16.2 million. Despite posting a net loss of ($107.0 million) due to a non-cash warrant liability, Adjusted EBITDA grew 211% to $10.9 million. The company ended Q3 with a backlog of 3,611 units valued at $372 million. FreightCar America raised its fiscal 2024 outlook, projecting revenue between $560-$600 million and Adjusted EBITDA of $37-$39 million.
FreightCar America (NASDAQ: RAIL), a manufacturer of railroad freight cars and components, has announced its participation in the upcoming Sidoti Micro-Cap Virtual Conference on November 13-14, 2024. Nick Randall, President and CEO, and Mike Riordan, CFO, will deliver a presentation on November 14th at 10:30 AM CT and conduct one-on-one investor meetings over both days. The presentation will be accessible via live webcast through the company's Investor Relations website under the News and Events section.
FreightCar America (NASDAQ: RAIL) has scheduled its third quarter 2024 financial results release for Tuesday, November 12, 2024, before market opening. The company will host a conference call and live webcast at 11:00 a.m. (ET) on the same day. Participants can access the event through the company's Investor Relations website or by phone. An audio replay will be available until November 26, 2024.
FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, has announced its participation in the LD Micro Main Event XVII on October 29, 2024 in Los Angeles. The company's presentation is scheduled for 10:30 a.m. (CT) on the same day.
Nick Randall, President and CEO, and Mike Riordan, CFO, will lead the presentation and conduct one-on-one investor meetings later in the day. Interested parties can access a live webcast of the presentation through the company's Investor Relations website at https://investors.freightcaramerica.com under the "News and Events" section.
FreightCar America (NASDAQ: RAIL), a leading manufacturer of railroad freight cars and components, has announced its participation in the upcoming Midwest IDEAS Conference in Chicago on August 28-29, 2024. The company's senior management, including Nick Randall (President and CEO) and Mike Riordan (CFO), will present on August 29th at 4:10 PM CDT.
In addition to the presentation, FreightCar America will host one-on-one meetings with investors on August 29th. Investors and interested parties can access a live webcast of the presentation through the company's Investor Relations website under the 'News and Events' section.
This conference provides an opportunity for FreightCar America to showcase its operations and engage directly with potential investors, potentially impacting its stock performance (RAIL).
FreightCar America, Inc. (NASDAQ: RAIL) reported strong Q2 2024 results, with 66% year-over-year revenue growth to $147.4 million on 1,159 railcar deliveries. The company achieved a gross margin of 12.5% and net income of $8.2 million, or $0.11 per diluted share. Adjusted EBITDA increased to $12.1 million. FreightCar America secured approximately 3,000 new orders, including its first tank car conversion order. The company raised its full-year 2024 guidance, projecting revenue between $560-$600 million and Adjusted EBITDA of $35-$39 million. The improved outlook reflects operational efficiencies and strong order activity, positioning FreightCar America for continued profitable growth.
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