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) is a designer, producer and supplier of railroad freight cars, railcar parts and components headquartered in Chicago, Illinois. This news page aggregates company announcements and third-party coverage related to RAIL, giving readers a focused view of developments affecting the business and its stock.
Recent company communications describe FreightCar America as a diversified manufacturer and supplier of railroad freight cars with a growing emphasis on railcar repairs, complete rebody services and conversions that return idled rail assets to revenue service. News items often highlight the company’s operating performance, order activity, backlog, and commentary from management on manufacturing flexibility and commercial strategy.
Investors following RAIL can expect news about quarterly financial results and outlook, including revenue trends, margins, cash flow and guidance updates, which are typically accompanied by conference call details and subsequent Form 8-K filings. Coverage also includes corporate actions and governance updates, such as the adoption of a limited duration stockholder rights plan and amendments to executive employment arrangements related to change-in-control severance benefits.
Another area of focus is strategic transactions and growth initiatives. For example, FreightCar America has reported the acquisition of Carly Railcar Components, LLC, a distributor of OEM railcar components intended to strengthen its aftermarket distribution business and expand its catalog of running-repair components. Readers can also find announcements about the company’s participation in investor conferences and virtual events, where management presents its strategy and meets with investors.
By reviewing the RAIL news feed on this page, users can track how FreightCar America communicates its performance, strategy and capital allocation decisions over time, and see how these disclosures relate to the company’s role in the North American freight rail market.
FreightCar America (NASDAQ: RAIL) will disclose its Q4 and full year 2022 financial results on March 27, 2023, post-market. A conference call with a live webcast is scheduled for March 28, 2023, at 11:00 a.m. ET, available through the company's Investor Relations page. Participants can dial in by calling (877) 407-0789 or (201) 689-8562, using passcode 13736892. An audio replay will be accessible from 2:00 p.m. ET on March 28 until April 12, 2023. FreightCar America, a manufacturer of railroad freight cars, operates facilities in Chicago, Johnstown, and Mexico.
FreightCar America reported a 47% increase in third-quarter 2022 revenue, reaching $85.7 million with 783 railcars delivered. This marks a 55% rise in deliveries year-over-year. The gross margin improved to 5.3%, up from 2.6% in Q3 2021, resulting in a gross profit of $4.6 million. However, the company faced a net loss of $17.8 million, largely due to non-cash items. The backlog stands at 2,529 railcars, valued at approximately $276 million. FreightCar America reaffirmed its full-year revenue outlook of $340 million to $360 million.
FreightCar America, Inc. (NASDAQ: RAIL) announces its upcoming third quarter 2022 financial results will be released on November 7, 2022, post-market close. The company will conduct a conference call and live webcast the following day, November 8, at 11:00 a.m. ET. Key highlights include a listen-only webcast available on the Investor Relations page of their website. Audio replays of the call will be accessible from the same day until November 23, 2022. FreightCar America manufactures railroad freight cars and provides leasing services across multiple locations worldwide.
FreightCar America, Inc. (Nasdaq: RAIL), a prominent manufacturer of railroad freight cars, announced its participation in the 15th Annual Cowen Global Transportation & Sustainable Mobility Conference on September 7-8, 2022. Jim Meyer, CEO, and Michael Riordan, CFO, will host a fireside chat on September 7 from 2:40 PM to 3:10 PM CT. The session will be accessible via a live webcast on the company's Investor Relations page. FreightCar America specializes in the design and production of various railcars and has operations in multiple locations, including the US and Mexico.
FreightCar America reported a 52% increase in revenue for Q2 2022, totaling $56.8 million. Deliveries rose to 468 railcars, boosting net income to $14.5 million or $0.58 per share. The company's gross margin improved to 11.6%, with adjusted EBITDA of $2.3 million. FreightCar raised its revenue outlook for 2022 to between $340 million and $360 million, anticipating deliveries of 3,000 to 3,200 railcars. The strong backlog stands at 2,972 railcars, valued at approximately $320 million.
FreightCar America (NASDAQ: RAIL) will release its Q2 2022 financial results on August 8, 2022, after market close. A conference call and webcast for investors will take place on August 9, 2022, at 11:00 a.m. Eastern Time. Participants can access the live presentation on the company's Investor Relations page. A replay will be available from August 9, 2022, at 2:00 p.m. until August 24, 2022. FreightCar America specializes in manufacturing railroad freight cars and leasing services, with facilities in the U.S., Mexico, and China.
FreightCar America (Nasdaq: RAIL) has appointed three new independent directors to its Board: Rodger L. Boehm, José De Nigris, and Travis D. Kelly. This move, announced on June 28, 2022, expands the board to eight members. Chairman William Gehl expressed optimism about their extensive experience in financial and strategic leadership. Boehm has a background in operations at McKinsey & Company, De Nigris has significant automotive industry expertise, and Kelly has led Isola Group LLC as CEO. This change aims to enhance governance and operational excellence.
FreightCar America reported a first-quarter 2022 revenue of $93.2 million, a 188% increase year-over-year, driven by the delivery of 783 railcars. The company achieved a gross profit of $10.1 million, marking the sixth consecutive quarter of positive gross margins. However, a net loss of ($25.8 million), or ($1.11) per share, was recorded, largely due to a non-cash charge of $20.7 million. The company raised its delivery outlook for 2022 to between 2,800 and 3,000 railcars, expecting revenue of $320 million to $340 million this fiscal year.
FreightCar America (NASDAQ: RAIL) will host a conference call and live webcast on May 10, 2022, at 11:00 a.m. ET to discuss its Q1 2022 financial results. The earnings release will be made available before market opening on the same day. Investors and analysts can participate via a listen-only webcast or by dialing in. An audio replay will be available after the call until May 25, 2022. FreightCar America is a leading manufacturer of freight cars and railcar parts, headquartered in Chicago, with facilities in Mexico, Pennsylvania, and China.
FreightCar America (NASDAQ: RAIL) reported a significant increase in fiscal year 2021 revenue, rising 87% to $203.1 million. The fourth quarter alone saw a 23.8% year-over-year revenue growth to $75.0 million, driven by 604 railcar deliveries. The company has raised its 2022 delivery outlook to between 2,600 and 2,900 railcars. Despite a consolidated operating loss of $22.8 million for 2021, improvements in gross margin and operating income were noted for the fifth and third consecutive quarters, respectively. FreightCar aims to double production capacity to 4,000-5,000 railcars by 2023.