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 (NASDAQ: RAIL) delivers specialized aluminum railcar solutions for North American freight transportation. This news hub provides investors and industry professionals with timely updates on operational milestones, financial performance, and strategic initiatives from the 1901-founded manufacturer.
Access consolidated coverage of RAIL's manufacturing innovations, parts division developments, and market positioning. Our repository ensures you stay informed about critical updates including earnings disclosures, facility expansions, and leadership changes without speculative commentary.
All content reflects FreightCar America's core focus areas: advanced railcar engineering, customer-centric service models, and sustainable production practices. Discover how the company's century-old expertise influences modern freight logistics through verified reports on product launches, regulatory compliance, and supply chain partnerships.
Bookmark this page for streamlined access to essential RAIL developments. Combine historical context with real-time updates to better understand this industrial stalwart's role in shaping efficient rail transportation networks.
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.
FreightCar America (NASDAQ: RAIL) announced a multi-year agreement to convert over 1,000 existing DOT 111 tank cars to DOT 117R tank cars. This move leverages the company's extensive experience in railcar modifications, having delivered over 15,000 conversions and rebodied railcars historically.
The agreement includes upgrading tank cars with new exterior tank jackets, thermal protection, full height head shields, top fittings protection, and upgraded bottom outlet valves. These conversions are part of a federally mandated program requiring tank cars transporting hazardous liquids to be upgraded by 2029.
The project will be facilitated at the company's state-of-the-art Castaños facility, which is noted for its capacity to handle large-scale modifications efficiently. CEO Nick Randall emphasized that this expansion will diversify FreightCar America's product offerings, enhance its market presence, and support its growth in the rail transportation sector.
FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, has announced the release date for its second quarter 2024 financial results. The company will disclose its Q2 2024 results on Monday, August 12, 2024, after the market close. A conference call and live webcast are scheduled for Tuesday, August 13 at 11:00 a.m. (Eastern Time).
Investors, analysts, and media representatives can access the webcast through the company's Investor Relations page. For those unable to attend the live event, an audio replay will be available from August 13, 2024, at 3:00 p.m. until August 27, 2024, at 11:59 p.m. (Eastern Time). The replay can be accessed by dialing (844) 512-2921 or (412) 317-6671 with the passcode 13747591.
FreightCar America (NASDAQ: RAIL) announced the production of its 10,000th railcar at its state-of-the-art manufacturing facility in Castaños, Mexico. This achievement, occurring between 2020 and 2023, underscores the company's successful transformation of its manufacturing processes and commitment to quality. The Castaños facility, spanning nearly 700,000 square feet and employing around 2,000 workers, has four production lines with an annual capacity of over 5,000 units. A potential fifth line could increase production by 20%. Strategically located near the Texas border, the facility benefits from streamlined materials sourcing and a skilled workforce. CEO Nicholas Randall highlighted the milestone as evidence of the company's excellence in operations and strategy, positioning it for future growth and market demand fulfillment.
FreightCar America, Inc. reported impressive first quarter 2024 results with a 99% year-over-year revenue growth and record quarterly deliveries for a new plant. The company reaffirmed its revenue, Adjusted EBITDA, and delivery outlook for 2024. Despite a net loss of $11.6 million, the Adjusted net income was $4.9 million, signaling positive growth potential. The CEO expressed confidence in the industry demand for 35,000 to 40,000 new railcars for the year and highlighted the completion of a new manufacturing campus, positioning the company for efficient growth.
