secwatch.observer — SEC 8-K summary
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Issuer:     FreightCar America, Inc. (RAIL)
CIK:        0001320854
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0000950170-22-015546
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FreightCar America Q2 revenue up 52% to $56.8M; raises FY2022 outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320854/000095017022015546/0000950170-22-015546-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320854/000095017022015546/rail-20220808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-015546

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer