Welcome to our dedicated page for FreightCar America news (Ticker: RAIL), a resource for investors and traders seeking the latest updates and insights on FreightCar America 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 (RAIL) is set to host a special investor update call today, outlining its strategic direction and 2021 highlights. The company transitioned manufacturing to Castaños, Mexico, and achieved significant operational milestones, including a fifth consecutive quarter of positive gross margin. In 2021, total railcar deliveries surged by 130% compared to 2020. Looking ahead, FreightCar aims to deliver between 2,350 and 2,650 railcars in 2022, achieving positive Adjusted EBITDA amid plans for substantial operational expansions.
FreightCar America (Nasdaq: RAIL) will host a strategic update call on February 8, 2022, at 11:00 a.m. (ET), to discuss its 2021 successes and 2022 outlook. Additionally, the company will hold a fourth quarter earnings call on March 22, 2022, and an annual meeting on May 12, 2022. The calls can be accessed via webcast or phone. Interested participants are encouraged to join early. An audio replay will be available post-call. For more details, visit FreightCar America's Investor Relations page.
FreightCar America (Nasdaq: RAIL) announced an amendment to its financing agreement, securing an additional $15 million in liquidity through a Delayed Draw Loan, available until January 31, 2023. This financing aims to bolster the company's working capital as it anticipates continued growth in railcar demand and production capabilities. CEO Jim Meyer expressed optimism about future industry demand, highlighting robust indicators and the support of their financial partner for sustainable growth.
FreightCar America (Nasdaq: RAIL) announced participation in the Stephens Annual Investment Conference on December 2, 2021. CEO Jim Meyer and CFO Terry Rogers will engage in a fireside chat from 1:00 PM CT to 1:45 PM CT, hosted by analyst Justin Long. They will also hold one-on-one meetings with investors. Interested parties can access a live webcast and replay of the chat through the Investor Relations section of FreightCar America's website.
Headquartered in Chicago, FreightCar America manufactures various railroad freight cars and provides leasing services.
FreightCar America (NASDAQ: RAIL) reported robust results for Q3 2021 with revenues of $58.3 million, up 131% year-over-year, driven by the delivery of 505 railcars. This marks the fourth consecutive quarter of positive gross margin at $1.5 million and the second consecutive quarter of positive manufacturing operating income at $0.2 million. Net income reached $0.7 million or $0.03 per share. The company reiterated its delivery outlook for 2021, expecting between 1,750 to 1,850 railcars. Total cash as of September 30, 2021, stood at $27.5 million, boosted by a $10.2 million VAT receivable collection in Mexico.
FreightCar America (Nasdaq: RAIL) will host a conference call on November 15, 2021, at 11:00 a.m. (ET) to discuss its Q3 2021 financial results. The earnings release will be available before market open on the same day. Investors can join the call via webcast or by dialing in. An audio replay will be accessible from 2:00 p.m. on November 15 until November 29. FreightCar America manufactures and leases railroad freight cars and operates facilities in Chicago, Pennsylvania, Mexico, and China. More details can be found on its website.
FreightCar America (Nasdaq: RAIL) announced participation of CEO Jim Meyer and CFO Terry Rogers in Cowen’s 14th Annual Global Transportation & Sustainable Mobility Conference on September 8, 2021, at 2:00 PM ET. Interested individuals can access a live webcast of the event on the Company's Investor Relations website, along with a replay of the session hosted by Cowen’s transportation analyst Matt Elkott. FreightCar America specializes in manufacturing and leasing various types of railroad freight cars and is headquartered in Chicago with facilities in Mexico, Pennsylvania, and China.
FreightCar America (NASDAQ: RAIL) reported a strong second quarter, achieving revenue of $37.4 million, a 114% year-over-year increase with 313 railcars delivered. This marks the third consecutive quarter of positive gross margin at $3.6 million and the first positive manufacturing operating income since 2018 at $1.9 million. Despite a net loss of ($2.6 million), the company raised its delivery outlook for 2021 to 1,750-1,850 railcars and plans to add two production lines to increase capacity. A new $25 million line of credit will support growth efforts.
FreightCar America, Inc. (Nasdaq: RAIL) will conduct a conference call and live webcast on August 16, 2021, at 11:00 a.m. EDT to discuss its second quarter 2021 financial results. The earnings release will be available before the market opens on the same day on the Company’s Investor Relations webpage. Participants can join the call via a dedicated phone line or by accessing the webcast, but the latter will be listen-only. An audio replay will be accessible after the call until August 30, 2021.
FreightCar America specializes in manufacturing and leasing railroad freight cars.
FreightCar America (NASDAQ: RAIL) reported first quarter revenues of $32.4 million, a significant 523% year-over-year increase, alongside deliveries of 309 railcars. This marks the second consecutive quarter of positive gross margins, totaling $1.8 million. Despite the growth, the company recorded a net loss of $38.4 million, or $1.92 per share, largely due to $6.7 million in restructuring charges and $22.1 million in non-cash warrant liability changes. The delivery outlook for 2021 has been raised to between 1,600 and 1,750 railcars.
FAQ
What is the current stock price of FreightCar America (RAIL)?
What is the market cap of FreightCar America (RAIL)?
What does FreightCar America, Inc. specialize in?
What types of railcars does FreightCar America produce?
Who are FreightCar America's main clients?
What are the main business segments of FreightCar America?
Where does FreightCar America generate its revenue?
What recent projects has FreightCar America undertaken?
How does FreightCar America ensure the quality of its railcars?
What is FreightCar America's outlook for fiscal year 2023?
How can investors get the latest updates on FreightCar America?
How can I contact FreightCar America's investor relations?
