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Stock impact report

FreightCar America, Inc. Reports Third Quarter 2024 Results

Freightcar America, Inc. (RAIL) 
Last freightcar america, inc. earnings: 2/26 08:06 pm Check Earnings Report
US:NASDAQ Investor Relations: freightcaramerica.com
Company Research Source: GlobeNewswire
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% respectivelyGross 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 2023Net 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 i Show less Read more
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