RAIL News & Events

FreightCar America announced that it has entered into a new multi-year order for 1,900 railcars from a customer, with deliveries scheduled through 2028. The company also announced that second quarter orders totaled approximately 3,000 railcars. Certain orders referenced in this release are subject to customary documentation and completion of terms.

Backs FY26 adjusted EBITDA view $41M-$50M. Backs FY26 railcar deliveries view 4,000-4,500. Randall continued, "Looking ahead, we remain focused on disciplined execution against the opportunities we see across our business as the year progresses. Our tank car retrofit program remains on track, and we expect continued growth in our aftermarket program. Together, our total backlog, productivity improvements, flexible manufacturing footprint and disciplined commercial approach provide visibility into our full-year expectations and reinforce our ability to perform across a range of market conditions."

Reports Q1 revenue $64.31M, consensus $74.6M. "Our first quarter results were in line with expectations and reflective of the current industry environment. Despite this environment, we continue to win high quality commercial opportunities, create new efficiencies and grow our aftermarket parts business. This represents our highest quarterly gross margin in over a decade and demonstrates that we are well positioned across the cycle," said Nick Randall, President and Chief Executive Officer of FreightCar America. "Fleets continue to age and deferred replacement needs are contributing to pent-up demand across the industry. As replacement demand materializes, FreightCar America is well positioned to respond quickly and capitalize in a shorter lead-time environment, supported by scalable capacity and strong operational flexibility. At the same time, our differentiated full-service railcar offering, including retrofits, conversions and an expanding aftermarket presence, positions us well to drive growth and create value across a range of market conditions."