earnings
confidence high
sentiment positive
materiality 0.75
FreightCar America Q2 revenue up 52% to $56.8M; raises FY2022 outlook
FreightCar America, Inc.
2022-Q2 EPS reported
-$0.47
revenue$150,022,000
- Revenue $56.8M, deliveries 468 railcars vs 313 a year ago; net income $14.5M ($0.58 EPS).
- Adjusted EBITDA $2.3M vs loss of ($3.1M) in Q2 2021; gross margin 11.6%.
- Backlog 2,972 railcars valued at ~$320M; production ramping to >2,000 railcars H2 2022.
- FY2022 guidance raised: revenue $340M-$360M, deliveries 3,000-3,200 railcars.
- Non-cash $18.7M gain on warrant liability boosted reported net income.