FreightCar America, Inc. (RAIL) Q3 2024 Earnings Call Transcript
- FreightCar America, Inc. (NASDAQ:RAIL ) Q3 2024 Earnings Conference Call November 12, 2024 11:00 AM ET Company Participants Chris O'Dea - Riverton Investor Relations Nicholas Randall - President and Chief Executive officer Mike Riordan - Chief Financial Officer Matthew Tonn - Chief Commercial Officer. Conference Call Participants Mark Reichman - Noble Capital Markets Brendan McCarthy - Sidoti & Company Operator Welcome to FreightCar America's Third Quarter 2014 Earnings Conference Call.
- 11/12/2024
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Freightcar America (RAIL) Surpasses Q3 Earnings Estimates
- Freightcar America (RAIL) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.14 per share a year ago.
- 11/12/2024
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FreightCar America, Inc. Reports Third Quarter 2024 Results
- Company delivers 83% year-over-year revenue growth with strong gross margin Raises mid-point of full year Adjusted EBITDA guidance CHICAGO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today reported results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenues of $113.3 million on 961 railcar deliveries, compared to revenues of $61.9 million on 503 railcar deliveries in the third quarter of 2023, up 83% and 91% respectively Gross margin of 14.3% with gross profit of $16.2 million, compared to gross margin of 14.9% with gross profit of $9.2 million in the third quarter of 2023 Net loss of ($107.0) million, or ($3.57) per share and Adjusted net income of $7.3 million, or $0.08 per share, driven by a ($110.0) million non-cash loss on warrant liability due to a significant appreciation in share price Adjusted EBITDA of $10.9 million, compared to Adjusted EBITDA of $3.5 million in the third quarter of 2023, up 211% Ended the quarter with a backlog of 3,611 units valued at $372 million “We again demonstrate the power of our disciplined approach to growth and operational excellence.
- 11/12/2024
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FreightCar America, Inc. to Present at Sidoti Micro-Cap Virtual Conference
- CHICAGO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced that the Company will present, and conduct one-on-one meetings with investors, at the Sidoti Micro-Cap Virtual Conference, on November 13-14, 2024.
- 11/06/2024
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Freightcar America (RAIL) Earnings Expected to Grow: What to Know Ahead of Q3 Release
- Freightcar America (RAIL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/28/2024
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Freightcar America (RAIL) Soars 10.7%: Is Further Upside Left in the Stock?
- Freightcar America (RAIL) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
- 10/25/2024
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RAIL's Soaring Potential Chained By Dilution Risk
- RAIL's operational improvements, including the new facility in Mexico, have led to significant revenue and EBITDA growth. RAIL's financial health has improved, with strong cash flow and reduced net debt. Despite these positives, the potential dilution from outstanding warrants and stock options caps the stock's upside.
- 10/23/2024
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FreightCar America, Inc. to Present at LD Micro Conference
- CHICAGO, Oct. 22, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced that the Company will present, and conduct one-on-one meetings with investors, at the LD Micro Main Event XVII on October 29, 2024 in Los Angeles.
- 10/22/2024
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Small Cap Momentum: 3 Top Ranked Stocks Crushing the Market
- Regular readers of my writeups know that I am a huge fan of trading momentum stocks, as momentum is one of the market's premier anomalies. But when investors combine momentum with the Zacks Rank, they really get something special.
- 10/02/2024
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FreightCar America Inc (RAIL) Stock Price Down 3.91% on Oct 2
- Shares of FreightCar America Inc (RAIL, Financial) fell 3.91% in mid-day trading on Oct 2. The stock reached an intraday low of $10.45, before recovering slightly to $10.88, down from its previous close of $11.32.
- 10/02/2024
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Freightcar America (RAIL) Moves 10.7% Higher: Will This Strength Last?
- Freightcar America (RAIL) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 10/01/2024
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Here's Why You Should Add Freightcar America Stock to Your Portfolio
- Improved demand for railcars adds to RAIL stock's investment-worthiness.
- 09/30/2024
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Freightcar America (RAIL) is on the Move, Here's Why the Trend Could be Sustainable
- Freightcar America (RAIL) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
- 09/30/2024
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Railtown AI Technologies Inc. Participates in the Developer Productivity Engineering (DPE) Summit
- Vancouver, British Columbia--(Newsfile Corp. - September 20, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is pleased to announce its participation in the 3rd Annual Developer Productivity Engineering (DPE) Summit, taking place on September 24-25, 2024, in San Francisco. Co-founders Cory Brandolini, CEO, and Marwan Hadad, CTO, will represent Railtown at this premier event, which showcases the latest advancements in Developer Productivity Engineering (DPE) and Developer Experience (DX).
- 09/20/2024
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Railtown Launches Large-Scale Customer Acquisition Campaign in Preparation of SOC Compliance
- Vancouver, British Columbia--(Newsfile Corp. - September 19, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is pleased to announce the launch of a large-scale Customer Acquisition campaign. As previously announced, Railtown has begun the SOC 2 compliance certification process, which is essential for customer acquisition, particularly in the enterprise market where stringent data security standards are a must.
- 09/19/2024
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Railtown Announces Development of New Product to Expedite the SR&ED Audit Process for Software Development, and Addition to the CSE 25 Index
- Vancouver, British Columbia--(Newsfile Corp. - September 18, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") today announces the development for commercialization of a new product, aimed at improving the SR&ED (Scientific Research and Experimental Development) audit process for software companies. Powered by the advancements in Railtown's Conductor AI technology, this solution will help streamline the labor-intensive SR&ED application process, which requires thorough auditing of code and time spent on R&D activities.
- 09/18/2024
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Recent Price Trend in Freightcar America (RAIL) is Your Friend, Here's Why
- If you are looking for stocks that are well positioned to maintain their recent uptrend, Freightcar America (RAIL) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
- 09/13/2024
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Freightcar America (RAIL) Surges 10.8%: Is This an Indication of Further Gains?
- Freightcar America (RAIL) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
- 09/12/2024
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Adding To My FreightCar America Investment
- FreightCar America shares have surged 182% in 15 months, outperforming the S&P 500's 32.6% gain, driven by strong financial results and market potential. Recent financials show significant growth: revenue up 82%, gross profit up 46%, operating income up 93%, and net loss reduced by 86%. The company has secured major orders and increased production capacity, forecasting 2024 revenue between $560-$600 million, indicating a strong industry upswing.
- 09/04/2024
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Why Fast-paced Mover Freightcar America (RAIL) Is a Great Choice for Value Investors
- Freightcar America (RAIL) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 08/28/2024
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Freightcar America (RAIL) Is a Great Choice for 'Trend' Investors, Here's Why
- Freightcar America (RAIL) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
- 08/28/2024
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Railtown to Present at the 2024 ThinkEquity Conference in NYC
- Vancouver, British Columbia--(Newsfile Corp. - August 22, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is pleased to announce that Railtown AI's Founder and CEO, Cory Brandolini, has been invited to present at the ThinkEquity Conference on October 30, 2024, at the Mandarin Oriental Hotel in New York City. Interested parties can register to attend here.
- 08/22/2024
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FreightCar America, Inc. to Present at Midwest IDEAS Conference
- CHICAGO, Aug. 22, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced that senior management will present and host one-on-one meetings with investors at the Midwest IDEAS Conference, taking place on August 28-29, 2024 in Chicago. Nick Randall, President and Chief Executive Officer, and Mike Riordan, Chief Financial Officer, will begin the presentation at 4:10 PM CDT on August 29th. FreightCar America, Inc. will also host one-on-ones with investors on Thursday, August 29, 2024.
- 08/22/2024
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FreightCar America, Inc. (RAIL) Q2 2024 Earnings Call Transcript
- FreightCar America, Inc. (NASDAQ:RAIL ) Q2 2024 Earnings Conference Call August 13, 2024 11:00 AM ET Company Participants Chris O'Dea - Riverton Investor Relations Nick Randall - President and CEO Matthew Tonn - Chief Commercial Officer Michael Riordan - CFO Conference Call Participants Mark Reichman - Noble Capital Markets Operator Welcome to FreightCar America's Second Quarter 2024 Earnings Conference Call. At this time all participants are in listen-only mode.
- 08/13/2024
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FreightCar America, Inc. Reports Second Quarter 2024 Results
- Company delivers 66% year-over-year revenue growth with record profitability at new plant, raises full year guidance
- 08/12/2024
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FreightCar America, Inc. Announces Expansion into Tank Cars Securing Multi-Year Order
- CHICAGO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a pure-play manufacturer of high-quality railcars with a legacy of 120+ years, proudly announces that it has entered into a multi-year agreement to convert tank cars to upgraded specifications. The Company's storied history includes a strong foundation including deliveries of over 15,000 conversions and rebodied railcars that have paved the way for this landmark agreement. This expansion into tank car conversions marks a key milestone in the Company's ongoing efforts to diversify its product offerings while continuing to support its legacy and meet customer needs.
- 08/01/2024
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FreightCar America, Inc. To Release Second Quarter Results On August 12, 2024
- CHICAGO, July 29, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its second quarter 2024 financial results on Monday, August 12, 2024 after the market close. The conference call and live webcast will be held on Tuesday, August 13 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com.
- 07/29/2024
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Railtown AI Technologies Inc. Announces Closing of Non-Brokered Private Placement
- Vancouver, British Columbia--(Newsfile Corp. - July 15, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown" or the "Company") is pleased to announce that the Company has closed its previously-disclosed non-brokered private placement (the "Offering") of units of the Company (each, a "Unit") at a price of US$0.21 per Unit for aggregate gross proceeds of US$1,470,000. Each of the 7,000,000 Units consists of one common share in the capital of the Company (each, a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"), with each Warrant entitling the holder thereof to acquire one additional Share at an exercise price of US$0.42 per Share for a period of 18 months.
- 07/15/2024
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Railtown Provides Comments on Promotional Activities
- Vancouver, British Columbia--(Newsfile Corp. - July 12, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown" or the "Company") is issuing this news release at the request of OTC Markets Group Inc. in order to comment on recent promotional activity regarding the Company. Further to the Company's news release dated December 19, 2023, Railtown has engaged a trio of third-party providers to render consulting and other services to the Company.
- 07/12/2024
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Research Capital Initiates Coverage of Railtown AI with an Initial Speculative Buy Rating
- Vancouver, British Columbia--(Newsfile Corp. - July 3, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is pleased to announce that Research Capital Corporation ("Research Capital") has initiated equity research coverage of Railtown with a "Speculative Buy" rating and a target price. The report, authored by Venkata Velagapudi, CFA, is entitled "Railtown AI Technologies: Advanced AI for Efficient Software Development", and is posted on their corporate website at www.researchcapital.com and can be accessed by users upon registration, or by contacting Mr.
- 07/03/2024
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Railtown AI Unveils Version 2.0 of Conductor
- Vancouver, British Columbia--(Newsfile Corp. - July 2, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is pleased to announce the launch of Conductor Version 2.0, an advanced AI platform that is transforming how companies build and manage their software applications. Conductor Version 2.0 is designed to drive new insights by seamlessly aggregating and analyzing diverse application data.
- 07/02/2024
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CORRECTION FROM SOURCE: Railtown AI Technologies Inc. Announces Partnership with Mila - Quebec Artificial Intelligence Institute to Accelerate Railtown's Advanced AI Initiatives
- Vancouver, British Columbia--(Newsfile Corp. - June 28, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is pleased to announce a strategic partnership with Mila - Quebec Artificial Intelligence Institute. Under the partnership agreement, Railtown will be able to forge links with Mila's research community and explore ways to help further develop the company's AI capabilities.
- 06/28/2024
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FreightCar America, Inc. Celebrates Milestone 10,000th Railcar Manufactured at Mexico Facility
- CHICAGO, June 25, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a pure-play manufacturer of high-quality railcars with a legacy of 120+ years, proudly announces the production of its 10,000th railcar at its purpose-built state-of-the-art manufacturing facility in Castaños, Mexico. This significant achievement marks a major milestone in the Company's completed manufacturing transformation and highlights its unwavering commitment to excellence in pursuit of delivering world-class operations.
- 06/25/2024
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Railtown AI Technologies Inc. Announces Partnership with the Mila Institute to Accelerate Railtown's Advanced AI Initiatives
- Vancouver, British Columbia--(Newsfile Corp. - June 25, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is pleased to announce a strategic partnership with the Mila-Quebec AI Institute ("Mila"), providing the Company with expansive access to AI Engineering talent and non-dilutive funding. This partnership grants Railtown privileges such as recruitment, training, and access to Mila workspaces, as well as privileged and funded access for conducting applied research projects with Mila, in addition to corporate visibility across Mila's website and marketing materials, Mila's research, events, conferences, and business opportunities related to Mila startups.
- 06/25/2024
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Railtown AI Technologies Inc. Announces a Non-Brokered Private Placement
- Vancouver, British Columbia--(Newsfile Corp. - June 20, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") announces that it proposes to raise up to US$1,470,000 through a non-brokered private placement. The placement will consist of up to 7,000,000 units at a price of US$0.21 per unit.
- 06/20/2024
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Railtown AI Technologies Inc. Announces Closing of Non-Brokered Private Placement
- Vancouver, British Columbia--(Newsfile Corp. - June 7, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown" or the "Company") is pleased to announce that the Company has closed its previously-disclosed non-brokered private placement (the "Offering") of units of the Company (each, a "Unit") at a price of US$0.12 per Unit for aggregate gross proceeds of US$633,780. Each of the 5,281,503 Units consists of one common share in the capital of the Company (each, a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"), with each Warrant entitling the holder thereof to acquire one additional Share at an exercise price of US$0.24 per Share for a period of 18 months.
- 06/07/2024
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Railtown AI Technologies Announces Engagement of EF Hutton to Lead Proposed Firm Commitment Public Offering and Uplisting
- Vancouver, British Columbia--(Newsfile Corp. - June 4, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown" or the "Company") is pleased to announce the engagement of Manhattan-based firm EF Hutton LLC to act as exclusive, sole underwriter, deal manager and investment banker for a proposed firm commitment public offering and uplisting. Cory Brandolini states, "We are thrilled to align ourselves with EF Hutton as we transition our listing to the US; EF Hutton is an acknowledged leader in the mid-market space and we couldn't have a better partner as we continue to grow our business.
- 06/04/2024
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Railtown AI Technologies Inc. Announces a Non-Brokered Private Placement
- Vancouver, British Columbia--(Newsfile Corp. - June 4, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) (" Railtown AI '', " Railtown " or the " Company ") announces that it proposes to raise up to US$650,000 through a non-brokered private placement to strategic investors, primarily located in the US. The placement will consist of up to 5,416,667 units at a price of US$0.12 per unit.
- 06/04/2024
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FreightCar America, Inc. Reports First Quarter 2024 Results
- Company d eliver s 99% year-over-year revenue growth and record quarterly deliv eries for new plant
- 05/08/2024
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FreightCar America, Inc. to Present at Planet MicroCap Showcase: VEGAS 2024
- CHICAGO, April 24, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (Nasdaq: RAIL), a diversified manufacturer of railroad freight cars, today announced that senior management will present and host one-on-one meetings with investors at the Planet MicroCap Showcase: VEGAS 2024, taking place on April 30 – May 2, 2024. Nicholas Randall, incoming President and Chief Executive Officer, and Michael Riordan, Chief Financial Officer, will begin the presentation at 6:30 PM CDT on May 1. FreightCar America, Inc. will also host one-on-ones with investors on Thursday, May 2, 2024.
- 04/24/2024
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FreightCar America, Inc. To Release First Quarter Results On May 8, 2024
- CHICAGO, April 24, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its first quarter 2024 financial results on Wednesday, May 8, 2024 after the market close. The conference call and live webcast will be held on Thursday, May 9 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com.
- 04/24/2024
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FreightCar America, Inc. (RAIL) Q4 2023 Earnings Call Transcript
- FreightCar America, Inc. (RAIL) Q4 2023 Earnings Call Transcript
- 03/19/2024
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FreightCar America, Inc. Announces CEO Transition
- Nick Randall, Chief Operating Officer to Succeed Jim Meyer as President and CEO; Jim Meyer to remain on the Board of Directors and become Executive Chairman
- 03/18/2024
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FreightCar America, Inc. Reports Fourth Quarter and Full Year 2023 Results
- Company delivers solid results with Gross Profit up 62% on significant year-over-year margin expansion Provides revenue, deliveries and Adjusted EBITDA guidance for 2024 CHICAGO, March 18, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer of railroad freight cars, today reported results for the fourth quarter and full year ended December 31, 2023. Fiscal Year 2023 Highlights Revenues of $358.1 million, down 1.8% year-over-year, on deliveries of 3,022 railcars, down 5.1% year-over-year Gross margin of 11.7% with gross profit of $41.8 million, compared to gross margin of 7.1% with gross profit of $25.8 million in fiscal year 2022 Net loss of ($23.6) million, or ($1.18) per share and adjusted net loss of ($1.0) million, or ($0.39) per share, accounting for primarily non-cash items including $14.9 million loss on extinguishment of debt, $4.1 million impairment on leased railcars and $2.2 million on the change in fair market value of warrant liability Adjusted EBITDA of $20.1 million, compared to Adjusted EBITDA of $8.4 million in fiscal year 2022 Announced that on May 1, 2024, Nick Randall, the Company's current Chief Operating Officer, will succeed Jim Meyer as President and Chief Executive Officer and become a member of the Company's Board of Directors, while Mr.
- 03/18/2024
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FreightCar America, Inc. To Release Fourth Quarter and Full Year 2023 Results On March 18, 2024
- CHICAGO, March 05, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its fourth quarter and full year 2023 financial results on March 18, 2024, after the market close. The conference call and live webcast will be held on Tuesday, March 19, 2024 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com.
- 03/05/2024
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7 Cyclical Penny Stocks Best Positioned for 2024
- According to Fidelity the global business cycle during the fourth quarter can be characterized as an uneven global expansion. That unevenness makes it somewhat difficult to predict where the economy is headed but in general cyclical stocks make sense.
- 01/18/2024
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FreightCar America, Inc. to Present at Sidoti Micro-Cap Virtual Conference
- CHICAGO, Jan. 10, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (Nasdaq: RAIL), a diversified manufacturer of railroad freight cars, today announced that senior management will participate in the Sidoti Micro-Cap Virtual Conference on January 17-18, 2024. Jim Meyer, President and Chief Executive Officer, and Michael Riordan, Chief Financial Officer, will present at 11:15 AM CST on Wednesday, January 17. Management will also be conducting one-on-one meetings with investors in attendance at the conference.
- 01/10/2024
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FreightCar America, Inc. Reports Third Quarter 2023 Results
- Company delivers another strong quarterly gross margin with further expansion Reaffirms EBITDA guidance; adjusts full year revenue and railcar delivery guidance down CHICAGO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer of railroad freight cars, today reported results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights Revenues of $61.9 million on 503 railcar deliveries, a decrease of 27.8% compared to revenues of $85.7 million on 783 railcar deliveries in the third quarter of 2022 Gross margin of 14.9% with gross profit of $9.2 million, compared to gross margin of 5.3% with gross profit of $4.6 million in the third quarter of 2022 Net income of $3.2 million, or ($0.03) per share and Adjusted Net income of $176 thousand, or ($0.14) per share Adjusted EBITDA of $3.5 million, compared to Adjusted EBITDA of $1.6 million in the third quarter of 2022 Railcar orders of 1,015 in the third quarter and 3,356 year-to-date, with quarter-end backlog totaling 3,800 railcars for an aggregate value of approximately $452 million Updated FY23 guidance range of $365 to $380 million for revenue and 3,150 to 3,300 for railcar deliveries; Reaffirmed FY23 Adjusted EBITDA guidance of $18 to $22 million Jim Meyer, President and Chief Executive Officer of FreightCar America, commented, “Our results this quarter underscore the power of disciplined commercial decision making combined with running the most efficient manufacturing operation in the industry.
- 11/06/2023
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New Strong Buy Stocks for October 27th
- MTRX, OPI, CANF, ENLV and RAIL have been added to the Zacks Rank #1 (Strong Buy) List on October 27, 2023.
- 10/27/2023
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FreightCar America, Inc. To Release Third Quarter Results On November 6, 2023
- CHICAGO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its third quarter 2023 financial results on Monday, November 6, 2023, after the market close. The conference call and live webcast will be held on Tuesday, November 7, 2023 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com.
- 10/24/2023
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New Strong Buy Stocks for October 18th
- MRO, APA, IMGN, RAIL and MFA have been added to the Zacks Rank #1 (Strong Buy) List on October 18, 2023.
- 10/18/2023
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What Makes Freightcar America (RAIL) a New Strong Buy Stock
- Freightcar America (RAIL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 10/13/2023
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New Strong Buy Stocks for October 13th
- FANG, KUBTY, MTRX, PARR and RAIL have been added to the Zacks Rank #1 (Strong Buy) List on October 13, 2023.
- 10/13/2023
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Despite Fast-paced Momentum, Freightcar America (RAIL) Is Still a Bargain Stock
- Freightcar America (RAIL) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 09/20/2023
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FreightCar America, Inc. To Participate In TD Cowen's 16th Annual Global Transportation Conference
- CHICAGO, Sept. 05, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (Nasdaq: RAIL), a diversified manufacturer of railroad freight cars, today announced that senior management will participate in TD Cowen's 16th Annual Global Transportation Conference in Boston. Jim Meyer, President and Chief Executive Officer, and Michael Riordan, Chief Financial Officer, will be participating in a fireside chat from 10:20 AM ET to 10:50 AM ET on Wednesday, September 6, hosted by Cowen's Transportation, OEMs & Technology analyst, Matt Elkott. Management will also be conducting one-on-one meetings with investors in attendance at the conference.
- 09/05/2023
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Freightcar America (RAIL) Is Attractively Priced Despite Fast-paced Momentum
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Freightcar America (RAIL) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 08/11/2023
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FreightCar America, Inc. Reports Second Quarter 2023 Results
- Company delivers strong quarterly results realizing significant revenue growth and gross margin expansion Raises guidance for fiscal year 2023 CHICAGO, Aug. 07, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer of railroad freight cars, today reported results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights Revenues of $88.6 million on 760 railcar deliveries, up 56% compared to revenues of $56.8 million on 468 railcar deliveries in the second quarter of 2022 Gross margin of 14.6% with gross profit of $13.0 million, compared to gross margin of 11.6% with gross profit of $6.6 million in the second quarter of 2022 Net loss of ($18.9) million, or ($0.73) per share and Adjusted Net income of $2.7 million, or $0.02 per share, accounting primarily for non-cash items associated with the loss on debt extinguishment and change in fair market value of warrant liability Adjusted EBITDA of $8.0 million, compared to Adjusted EBITDA of $2.3 million in the second quarter of 2022 Railcar orders of 381 in the second quarter and 2,341 for the first half of the year, with quarter-end backlog totaling 3,288 railcars for an aggregate value of approximately $382 million FY23 Adjusted EBITDA guidance raised to $18 - $22 million from prior guidance of $15 - $20 million Jim Meyer, President and Chief Executive Officer of FreightCar America, commented, “FreightCar America finished an impressive quarter, with revenues up 56% year-over-year and gross margins of 14.6%.
- 08/07/2023
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FreightCar America, Inc. To Release Second Quarter Results On August 7, 2023
- CHICAGO, July 25, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar”) today announced that it will release its second quarter 2023 financial results on Monday, August 7, 2023, after the market close. FreightCar invites shareholders and other interested parties to listen to its financial results conference call on Tuesday, August 8, 2023 at 11:00 a.m. (ET) via the following live and recorded methods:
- 07/25/2023
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FreightCar America, Inc. to Release First Quarter 2023 Results on May 9, 2023
- CHICAGO, April 25, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its first quarter 2023 financial results on Tuesday, May 9, 2023, after the market close. The conference call and live webcast will be held on Wednesday, May 10, 2023 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com.
- 04/25/2023
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FreightCar America, Inc. to Release Fourth Quarter and Full Year 2022 Results on March 27, 2023
- CHICAGO, March 10, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its fourth quarter and full year 2022 financial results on Monday, March 27, 2023, after the market close. The conference call and live webcast will be held on Tuesday, March 28, 2023 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com.
- 03/10/2023
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Buying More FreightCar America
- I think there's much to like about the most recent financial results from FreightCar and I think the capital structure remains reasonably strong. I was impressed by the cost control efforts. The shares are even more attractively priced than they were when I last reviewed the name. For that reason, I'll be buying a few more shares today.
- 02/08/2023
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FreightCar America: This Time I'll Pass
- Freightcar America reported increased revenues and improved gross margins for Q3 2022, while Q4 is expected to be even better. The company is growing rapidly in an attempt to ride the market wave of increased rail car orders and decreasing steel prices.
- 11/09/2022
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FreightCar America, Inc. (RAIL) Q3 2022 Earnings Call Transcript
- FreightCar America, Inc. (NASDAQ:RAIL ) Q3 2022 Earnings Conference Call November 8, 2022 11:00 AM ET Company Participants Stephen Poe - IR Jim Meyer - President and CEO Mike Riordan - CFO Matt Tonn - Chief Commercial Officer Conference Call Participants Justin Long - Stephens Matt Elkott - Cowen and Company Operator Greetings, and welcome to FreightCar America's Third Quarter Fiscal 2022 Conference Call. [Operator Instructions] It is now my pleasure to introduce your host, Stephen Poe, Investor Relations.
- 11/08/2022
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FreightCar America, Inc. to Release Third Quarter 2022 Results on November 7, 2022
- CHICAGO, Oct. 25, 2022 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its third quarter 2022 financial results on Monday, November 7, 2022, after the market close. The conference call and live webcast will be held on Tuesday, November 8, 2022 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com.
- 10/25/2022
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Adding To FreightCar America
- FreightCar America is being lifted by the same tide as we see at Greenbrier and Trinity. Old railcars are being retired, so demand for new builds is robust. The company's financial performance has been quite good in my view.
- 10/11/2022
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FreightCar America, Inc. (RAIL) CEO Jim Meyer on Q2 2022 Results - Earnings Call Transcript
- FreightCar America, Inc. (NASDAQ:RAIL ) Q2 2022 Earnings Conference Call August 9, 2022 11:00 AM ET Company Participants Stephen Poe - Investor Relations Jim Meyer - President and CEO Mike Riordan - CFO Matt Tonn - Chief Commercial Officer Conference Call Participants Justin Long - Stephens Inc Matt Elkott - Cowen and Company Operator Greetings, and welcome to the FreightCar America Second Quarter Fiscal 2022 Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
- 08/09/2022
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FreightCar America, Inc. to Release Second Quarter 2022 Results on August 8, 2022
- CHICAGO, July 26, 2022 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its second quarter 2022 financial results on Monday, August 8, 2022, after the market close. The conference call and live webcast will be held on Tuesday, August 9, 2022 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com.
- 07/26/2022
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FreightCar America, Inc. (RAIL) CEO James Meyer on Q1 2022 Results - Earnings Call Transcript
- FreightCar America, Inc. (NASDAQ:RAIL ) Q1 2022 Earnings Conference Call May 10, 2022 11:00 AM ET Company Participants Lisa Fortuna - Investor James Meyer - President, CEO & Director Michael Riordan - VP, Finance, CFO & Treasurer Matthew Tonn - Chief Commercial Officer Conference Call Participants George Sellers - Stephens Inc. Matthew Elkott - Cowen and Company Operator Greetings, and welcome to FreightCar America's First Quarter Fiscal 2022 Conference Call. [Operator Instructions].
- 05/10/2022
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What's Going On With FreightCar America Shares Today
- FreightCar America, Inc. (NASDAQ: RAIL) reported first-quarter revenue growth of 188% year-over-year to $93.2 million, beating the consensus of $71.3 million. The company delivered 783 railcars in Q1 versus 309 railcars in Q1 2020.
- 05/10/2022
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Despite Fast-paced Momentum, Freightcar America (RAIL) Is Still a Bargain Stock
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Freightcar America (RAIL) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 04/21/2022
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What's on Sale? Small Cap Stocks
- The Russell 2000 is back in correction in 2022. Value investors should be looking for deals.
- 04/07/2022
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Looking for a Fast-paced Momentum Stock at a Bargain? Consider Freightcar America (RAIL)
- Freightcar America (RAIL) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 04/05/2022
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FreightCar America, Inc. (RAIL) CEO Jim Meyer on Q4 2021 Results - Earnings Call Transcript
- FreightCar America, Inc. (RAIL) CEO Jim Meyer on Q4 2021 Results - Earnings Call Transcript
- 03/22/2022
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FreightCar America Finally Gets On Track
- We've been waiting for FreightCar America (NASDAQ: RAIL) to put in some solid numbers and after many quarters, systemic headwinds, COVID-related closures, and rising input costs the company has done just that
- 03/22/2022
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Why Are FreightCar America Shares Trading Higher Today
- FreightCar America, Inc. (NASDAQ: RAIL) reported fourth-quarter revenue growth of 23.8% year-over-year to $75.02 million, beating the consensus of $67 million. The company delivered 604 railcars in Q4 versus 505 railcars prior quarter and 477 railcars in Q4 2020.
- 03/22/2022
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Fast-paced Momentum Stock Freightcar America (RAIL) Is Still Trading at a Bargain
- Freightcar America (RAIL) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 03/17/2022
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FreightCar America, Inc. to Release Fourth Quarter and Full Year 2021 Results on March 22, 2022
- CHICAGO, March 09, 2022 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (Nasdaq: RAIL) will host a conference call and live webcast on Tuesday, March 22, 2022 at 11:00 a.m. (Eastern Time) to discuss the Company's fourth quarter and full year 2021 financial results. The Company's earnings release will be issued before the market opens on Tuesday, March 22, 2022, and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com.
- 03/09/2022
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FreightCar America upbeat on reaching profitability
- Favorable market conditions for railcar manufacturing could help FreightCar America return to profitability. The Chicago-headquartered railcar manufacturer said Tuesday it expects to be profitable on an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) basis for 2022.
- 02/08/2022
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New Strong Sell Stocks for February 2nd
- CMBM, RAIL, and MKSI have been added to the Zacks Rank #5 (Strong Sell) List on February 2, 2022
- 02/02/2022
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FreightCar America, Inc. (RAIL) CEO Jim Meyer on Q3 2021 Results - Earnings Call Transcript
- FreightCar America, Inc. (RAIL) CEO Jim Meyer on Q3 2021 Results - Earnings Call Transcript
- 11/15/2021
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FreightCar America Stock Slips Post Q3 Results, Reiterates FY21 Delivery Outlook
- FreightCar America, Inc. (NASDAQ: RAIL) reported third-quarter revenue growth of 131% year-over-year to $58.3 million, which misses the consensus of $60 million. The company delivered 505 railcars in Q3 versus 313 railcars prior quarter and 163 railcars in Q3 2020.
- 11/15/2021
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FreightCar America, Inc. to Release Third Quarter 2021 Results on November 15, 2021
- CHICAGO, Nov. 02, 2021 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (Nasdaq: RAIL) will host a conference call and live webcast on Monday, November 15, 2021 at 11:00 a.m. (Eastern Time) to discuss the Company's third quarter 2021 financial results. The Company's earnings release for the third quarter 2021 will be issued before the market opens on Monday, November 15, 2021, and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com.
- 11/02/2021
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of FreightCar America, Inc. - RAIL
- New York, New York--(Newsfile Corp. - October 5, 2021) - Levi & Korsinsky announces it has commenced an investigation of FreightCar America, Inc. (NASDAQ: RAIL) concerning possible breaches of fiduciary duty. To obtain additional information, go to:https://www.zlk.com/compensation2/freightcar-america-inc-information-request-formor contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
- 10/05/2021
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FreightCar America, Inc. to Attend 14th Annual Cowen Transportation & Sustainable Mobility Conference
- CHICAGO, Sept. 07, 2021 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (Nasdaq: RAIL) today announced that Jim Meyer, President and Chief Executive Officer, and Terry Rogers, Chief Financial Officer, will virtually participate in Cowen's 14th Annual Global Transportation & Sustainable Mobility Conference on Wednesday, September 8, 2021 at 2:00 PM ET.
- 09/07/2021
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FreightCar America, Inc. (RAIL) CEO James Meyer on Q2 2021 Results - Earnings Call Transcript
- FreightCar America, Inc. (RAIL) CEO James Meyer on Q2 2021 Results - Earnings Call Transcript
- 08/16/2021
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FreightCar America Stock Rallies On FY21 Railcar Delivery Outlook
- FreightCar America, Inc. (NASDAQ: RAIL) reported second-quarter revenue growth of 114% year-over-year to $37.35 million, which misses the consensus of $44 million. It delivered 313 railcars in Q2 versus 309 railcars prior quarter and 100 railcars in Q2 2020.
- 08/16/2021
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Recap: FreightCar America Q2 Earnings
- Shares of FreightCar America (NASDAQ:RAIL) moved higher by 0.2% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 88.66% year over year to ($0.11), which beat the estimate of ($0.20).
- 08/16/2021
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FreightCar America, Inc. Reports Second Quarter 2021 Results
- Third consecutive quarter of positive gross margin and first quarter of manufacturing operating income since 2018
- 08/16/2021
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Freightcar America (RAIL) Shows Fast-paced Momentum But Is Still a Bargain Stock
- Freightcar America (RAIL) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 07/08/2021
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FreightCar America (RAIL) Sees Hammer Chart Pattern: Time to Buy?
- FreightCar America (RAIL) has been struggling lately, but the selling pressure may be coming to an end soon
- 07/08/2021
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What Makes Freightcar America (RAIL) a New Buy Stock
- Freightcar America (RAIL) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 07/02/2021
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FreightCar America: Market Overreaction Creates A Buying Opportunity
- The lower than expected Q1 2021 revenues can be attributed to revenue seasonality that is observed historically.
- 05/18/2021
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FreightCar America, Inc. (RAIL) CEO James Meyer on Q1 2021 Results - Earnings Call Transcript
- FreightCar America, Inc. (RAIL) CEO James Meyer on Q1 2021 Results - Earnings Call Transcript
- 05/17/2021
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FreightCar America, Inc. Reports First Quarter 2021 Results
- First quarter revenues up substantially year-over-year
- 05/17/2021
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Despite Fast-paced Momentum, Freightcar America (RAIL) Is Still a Bargain Stock
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Freightcar America (RAIL) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 05/13/2021
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Freightcar America (RAIL) Crossed Above the 20-Day Moving Average: What That Means for Investors
- When a stock breaks out above the 20-day simple moving average, good things could be on the horizon. How should investors react?
- 04/26/2021
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FreightCar America's (RAIL) Shares March Higher, Can It Continue?
- As of late, it has definitely been a great time to be an investor in FreightCar America, Inc. (RAIL).
- 04/09/2021
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FreightCar America, Inc. (RAIL) CEO James Meyer on Q4 2020 Results - Earnings Call Transcript
- FreightCar America, Inc. (RAIL) CEO James Meyer on Q4 2020 Results - Earnings Call Transcript
- 03/24/2021
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FreightCar America, Inc. Reports Fourth Quarter and Full Year 2020 Results
- Fourth quarter revenues up 35% year-over-year and 140% sequentially
- 03/24/2021
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FreightCar America Stock Shows Every Sign Of Being Significantly Overvalued
- The stock of FreightCar America (NAS:RAIL, 30-year Financials) shows every sign of being significantly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded.
- 03/23/2021
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Earnings Outlook for FreightCar America
- FreightCar America (NASDAQ:RAIL) announces its next round of earnings this Wednesday, March 24. Here is Benzinga's look at FreightCar America's Q4 earnings report.
- 03/23/2021
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FreightCar America: This Train Is Steering In The Right Direction
- FreightCar America is a company with a long history, standing for over a century. Cyclical downtrend and COVID-19 pandemic have severely impacted profitability.
- 02/17/2021
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FreightCar America, Inc. Appoints Terence Rogers as Chief Financial Officer
- New Financial Leader Brings Nearly 40 Years of Key Experience to the Company as it Completes its Repositioning and Looks Towards the Future New Financial Leader Brings Nearly 40 Years of Key Experience to the Company as it Completes its Repositioning and Looks Towards the Future
- 02/17/2021
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FreightCar America, Inc. (RAIL) CEO Jim Meyer on Q3 2020 Results - Earnings Call Transcript
- FreightCar America, Inc. (RAIL) CEO Jim Meyer on Q3 2020 Results - Earnings Call Transcript
- 11/10/2020
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FreightCar America, Inc. Announces Date For Third Quarter 2020 Earnings Conference Call
- CHICAGO, Oct. 28, 2020 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (Nasdaq: RAIL) will host a conference call and live webcast on Tuesday November 10, 2020 at 11:00 a.m. (Eastern Standard Time) to discuss the Company's third quarter 2020 financial results. The Company's earnings release for the third quarter 2020 will be issued after the market closes on Monday, November 9, 2020 and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com.
- 10/28/2020
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Off the RAILs
- Shares of railcar maker FreightCar America Inc. (NASDAQ:RAIL) have almost tripled from their market-panic lows of March, but they still represent a big loss for me as I purchased the shares in 2018 when they were much higher. This past week, I crystalized that loss as the company's prospects have become much more difficult to evaluate, for me anyway.
- 10/26/2020
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