FreightCar America Q3 revenue $85.7M (+47% YoY); net loss $0.69/sh; reaffirms FY guidance

FreightCar America, Inc.

2022-Q3 EPS reported -$1.19 revenue$235,765,000

Revenue $85.7M, up 47% YoY; 783 railcar deliveries, up 55% YoY.
Net loss ($17.8M) or ($0.69) per share; adjusted net loss ($5.4M) or ($0.21) per share.
Adjusted EBITDA of $1.6M vs loss of $3.5M in Q3 2021; first 9 months adj. EBITDA $7.2M.
Backlog 2,529 railcars (~$276M); FY2022 revenue guidance $340M-$360M reaffirmed.
Appointed Juan Carlos Fuentes Sierra as principal accounting officer; base salary $200,000.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Juan Carlos Fuentes Sierra

Principal Accounting Officer

RAIL · FreightCar America, Inc.

Effective: 2022-11-07
Filed: November 7, 2022, 6:59 PM ET

Effective November 7, 2022, Juan Carlos Fuentes Sierra, 45, the Company’s Chief Accounting Officer and Corporate Controller, will serve as the Company’s principal accounting officer.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FreightCar America, Inc. reported the third quarter ended September 30, 2022 results: revenue Revenues of $85.7 million, net income Net loss of ($17.8) million, EPS ($0.69) per share. Guidance reaffirmed.

Period: the third quarter ended September 30, 2022
Revenue: Revenues of $85.7 million
Net income: Net loss of ($17.8) million
EPS: ($0.69) per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

a diversified manufacturer of railroad freight cars, today reported results for the third quarter ended September 30, 2022. Third Quarter 2022 Highlights • Revenues of $85.7 million, up 47.1% year-over-year, with deliveries of 783 railcars, up 55% year-over-year • Gross margin of 5.3% with gross profit of $4.6 million, compared to gross margin of 2.6% with

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Executive change SEC 8-K Item 5.02 confidence 0.95

Juan Carlos Fuentes Sierra was appointed as Principal Accounting Officer at FreightCar America, Inc..

Action: appointed
Role: Principal Accounting Officer

Exact text from the filing

Effective November 7, 2022, Juan Carlos Fuentes Sierra, 45, the Company’s Chief Accounting Officer and Corporate Controller, will serve as the Company’s principal accounting officer.

View on SEC.gov

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FreightCar America, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-22-022634

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