Welcome to our dedicated page for Freightcar Amer SEC filings (Ticker: RAIL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
FreightCar America filings document the operating results, governance actions and capital-structure matters of a public railcar manufacturer and aftermarket supplier. Form 8-K reports include results of operations and financial condition, with disclosures on revenue, railcar deliveries, backlog, gross margin, adjusted EBITDA, cash flow and non-cash warrant-liability adjustments.
Proxy and governance filings cover annual meeting procedures, director elections, advisory executive compensation votes and auditor ratification. Other filings address material agreements, including a stockholder rights agreement, as well as executive severance arrangements, common and preferred stock references, and related risk and control provisions.
Pickard Bradley J reported acquisition or exercise transactions in this Form 4 filing.
FreightCar America, Inc. director Bradley J. Pickard reported receiving a grant of 8,175 shares of common stock as equity compensation. The shares were valued at $8.16 per share for reporting purposes, and this grant brings his directly held stake shown in the filing to 8,175 shares.
The award consists of restricted shares granted under the company’s 2022 Long Term Incentive Plan. These shares will fully vest at the close of business on the earlier of April 10, 2027, or the last trading day before the company’s 2027 annual stockholder meeting, assuming continued service and satisfaction of plan terms.
FreightCar America, Inc. director Bradley J. Pickard filed an initial Form 3 reporting his ownership in the company. The filing shows that he beneficially owns 0 shares of the company’s common stock directly following this reporting, and it does not report any buy or sell transactions.
FreightCar America, Inc. appointed Bradley J. Pickard to its Board of Directors as a Class II independent director, effective June 10, 2026. The Board increased to nine members, six of whom are independent. His initial term runs until the Company’s 2027 annual meeting of stockholders.
Pickard is a Managing Director at Republic Partners, LLC and has more than three decades of investment banking experience, including leadership roles at major firms and board service at other companies. He will be compensated under the Company’s standard non-executive director compensation policy, with no special arrangements or related-party relationships disclosed.
De Nigris Felan Jose reported acquisition or exercise transactions in this Form 4 filing.
FreightCar America director Felan Jose De Nigris received a grant of 8,959 shares of common stock as equity compensation. The grant, made at a reference price of $8.93 per share, consists of restricted shares under the company’s 2022 Long Term Incentive Plan.
The restricted shares will vest at the close of business on the earlier of April 10, 2027, or the last trading day before the company’s 2027 Annual Meeting of Stockholders. After this grant, De Nigris directly holds 92,566 shares of FreightCar America common stock. The filing notes it was submitted late due to an inadvertent administrative error.
FreightCar America, Inc. director Travis D. Kelly reported an acquisition of common stock as compensation rather than an open-market purchase. An entity he owns, Carpe Skiem LLC, received a grant of 8,959 restricted shares at $8.93 per share under the company’s 2022 Long Term Incentive Plan.
These restricted shares will vest at the close of business on the earlier of April 10, 2027, or the last trading day before the company’s 2027 Annual Meeting of Stockholders. After this grant, indirect holdings attributed to Carpe Skiem LLC totaled 39,827 common shares, and Kelly also reported 38,739 common shares held directly.
The filing notes it was submitted late due to an inadvertent administrative error, indicating a timing issue in reporting rather than an additional economic transaction.
Gil Benavides Jesus Salvador reported acquisition or exercise transactions in this Form 4 filing.
FreightCar America, Inc. director Gil Benavides Jesus Salvador reported receiving a grant of 8,959 restricted shares of common stock at $8.93 per share. This award was made under the company’s 2022 Long Term Incentive Plan and is compensation-related, not an open-market trade.
The restricted shares will vest at the close of business on the earlier of April 10, 2027, or the last trading day before the company’s 2027 Annual Meeting of Stockholders. Following this grant, he directly holds 385,621 common shares. The Form 4 was filed late due to an inadvertent administrative error, as noted in the footnotes.
Meyer James R reported acquisition or exercise transactions in this Form 4 filing.
FreightCar America director James R. Meyer reported an indirect grant of 8,959 shares of common stock at $8.93 per share to Cinci-Cebu, Inc., which he wholly owns and is deemed to beneficially own. These are restricted shares granted under the issuer's 2022 Long Term Incentive Plan.
The restricted shares will vest in full at the close of business on the earlier of April 10, 2027, or the last trading day before the company's 2027 annual stockholders meeting. After this grant, Meyer holds 838,278 shares directly and 36,746 shares indirectly through Cinci-Cebu, Inc.
MOORE MALCOLM F reported acquisition or exercise transactions in this Form 4 filing.
FreightCar America director Malcolm F. Moore received a grant of 8,959 shares of common stock as equity compensation. The award was made at a reference price of $8.93 per share and increased his directly held stake to 156,485 shares. According to the grant terms, these restricted shares will vest in full at the close of business on the earlier of April 10, 2027, or the last trading day before the company’s 2027 annual stockholders meeting. The filing notes it was submitted late due to an inadvertent administrative error.
FreightCar America reported first-quarter 2026 results showing lower sales but continued profitability. Revenue was $64.3 million, down from $96.3 million a year earlier, mainly because it delivered fewer railcars and at lower average prices. Manufacturing revenue fell to $53.0 million, while Aftermarket revenue grew to $11.4 million on stronger component sales.
Gross profit was $10.8 million with a gross margin of 16.8%, slightly higher than last year’s 14.9% despite lower volume. Net income was $41.6 million, driven largely by a $49.1 million non-cash gain from remeasuring a large warrant liability tied to its stock price. Operating activities used $4.3 million of cash as inventories and payables shifted, and cash ended at $52.8 million.
The company carries a $105.5 million term loan at about 9.7% interest and had roughly $31.3 million of availability under its asset-based revolver. Railcar order activity softened, with 709 net orders in the quarter versus 1,250 a year earlier, but backlog increased to 2,058 units, representing about $156 million of future sales.
FreightCar America reported first quarter 2026 results with revenues of $64.3 million, down from $96.3 million a year earlier, and railcar deliveries of 577 units versus 710. Gross margin improved to 16.8% with gross profit of $10.8 million, up from a 14.9% margin in 2025.
The company recorded a $49.1 million non-cash gain from its warrant liability, driving net income of $41.6 million, or $1.15 per diluted share, while adjusted net loss was $0.5 million and Adjusted EBITDA was $3.2 million versus $6.4 million in 2025. Free cash flow was negative $4.5 million compared with positive $12.5 million a year earlier.
FreightCar America ended the quarter with a backlog of 2,058 railcars valued at $156 million and highlighted 86% aftermarket revenue growth and its highest quarterly gross margin in over a decade. It reaffirmed its 2026 outlook, including railcar deliveries of 4,000–4,500, revenue of $500–$550 million, and Adjusted EBITDA of $41–$50 million.