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 reports developments tied to its railroad freight car manufacturing and railcar aftermarket businesses. The company designs, produces and supplies railroad freight cars, railcar parts and components, and provides repair, rebody and conversion services that return idled rail assets to service.
Recurring news for RAIL includes quarterly and annual results, railcar deliveries, backlog, gross margin, adjusted EBITDA, cash flow, and outlook commentary. Company updates also cover aftermarket revenue trends, component distribution through Carly Railcar Components, annual meeting matters, investor conference appearances, and other governance or corporate communications.
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.
FreightCar America (Nasdaq: RAIL) will hold a conference call on May 17, 2021, at 11:00 a.m. EDT to review its Q1 2021 financial results. The earnings release will be available before market opens on the same day. Investors can join the live webcast or call in at (877) 407-0789, using passcode 13719213. An audio replay will be available from 2:00 p.m. that day until May 31, 2021. FreightCar America designs and manufactures various types of railroad freight cars, operating globally with facilities in multiple countries.
FreightCar America (NASDAQ: RAIL) reported 4Q 2020 revenues of $60.6 million, a 35% increase year-over-year and 140% sequentially on deliveries of 477 railcars. The company aims for 1,400 to 1,600 railcar deliveries in 2021, nearly double from 2020. Despite a net loss of $14.4 million for 4Q, adjusted EBITDA was $1.7 million. FreightCar exited the Shoals facility and transitioned to a new manufacturing site in Castaños, Mexico, strengthening its operational foundation despite facing pandemic challenges.
FreightCar America (Nasdaq: RAIL) will host a conference call on March 24, 2021, at 11:00 a.m. EDT to discuss its fourth quarter and full-year 2020 financial results. The earnings release will be published before market open on the same day. Interested parties can join the live webcast or dial in by phone. An audio replay will be available from 2:00 p.m. on March 24 until April 7, 2021. FreightCar America, headquartered in Chicago, manufactures railroad freight cars and supplies related services, with facilities in Mexico, Pennsylvania, and China.