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0 -0.00240651965484164 0.00671140939597318 0.00383509108341332 -0.0402684563758389 -0.0508053691275167 -0.049856184084372 -0.0584851390220517
Stock impact report

FreightCar America revenue, deliveries higher in Q3 [Yahoo! Finance]

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: Yahoo! Finance
of 961 railcars, compared to revenue of $61.9 million on 503 railcar deliveries in the third quarter of 2023, up 83% and 91%, respectively. Shares of FCA fell 2.11% to $13.60 in pre-market trading. The Chicago-based company (NASDAQ: RAIL ) reported adjusted net income of $7.3 million, or 8 cents per share, driven by a $110 million noncash loss on warrant liability due to a significant appreciation in share price. Adjusted earnings before interest, taxes, depreciation and amortization of $10.9 million was up from adjusted EBITDA of $3.5 million in the third quarter of 2023. Gross margin fell to 14.3% on 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. The manufacturer ended the quarter with a backlog of 3,611 units valued at $372 million. Nick Randall, president and chief executive, in an earnings release said, “Our pipeline is invigorated, with consistent demand across a broad range of railcar Show less Read more
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