{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-010007","form_type":"8-K","ticker":"RAIL","cik":"0001320854","company_name":"FreightCar America, Inc.","filed_at":"2023-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.380969+00:00","generated_at":"2026-06-17T14:33:34.557981+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FreightCar America reports FY2022 revenue up 80% to $364.8M; guides FY2023","bullets":["FY2022 revenue $364.8M (+79.6% YoY), railcar deliveries 3,184 (+83.9%); Adj EBITDA $8.4M vs -$7.2M in 2021.","Q4 revenue $129.0M (+71.9%), deliveries 1,150 (+90.4%); net loss $9.7M ($0.37/sh), Adj EBITDA $1.2M flat YoY.","FY2022 net loss $38.8M ($1.56/sh); adjusted net loss $23.5M ($0.95/sh) including $8.1M pension settlement loss and $4.5M railcar impairment.","FY2023 guidance: revenue $400-430M, Adj EBITDA $15-20M, deliveries 3,400-3,700 (midpoint growth ~14%, ~108%, ~11.5%).","Post-year-end issued non-convertible preferred stock with financial partner to reduce debt and provide growth capital."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-010007","json":"https://secwatch.observer/filing/0000950170-23-010007.json","markdown":"https://secwatch.observer/filing/0000950170-23-010007.md","text":"https://secwatch.observer/filing/0000950170-23-010007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1320854/000095017023010007/0000950170-23-010007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1320854/000095017023010007/rail-20230327.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T14:33:34.557981+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5b07cd25a3ff98e2c25bb8b84a5694530a8cb2e7","claim":"FreightCar America, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $129.0 million, net income ($9.7) million, EPS ($0.37) per share.","evidence_excerpt":"Fourth Quarter 2022 Highlights • Revenues of $129.0 million, up 71.9% year-over-year, with deliveries of 1,150 railcars, up 90.4% year-over-year • Gross margin of 3.6% with gross profit of $4.6 million, compared to gross margin of 8.8% with gross profit of $6.6 million in the fourth quarter of 2021 • Net loss of ($9.7) million, or ($0.37) per share and adjusted net loss of ($8.1) million, or ($0.31) per share, accounting for primarily non-cash items including a $4.5 million impairment on leased railcars, one-time Mexican VAT costs of $1.9 million and non-cash income of $4.7 million due to the change in fair market value of the warrant liability • Adjusted EBITDA of $1.2 million, equivalent to the fourth quarter of 2021","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1320854/000095017023010007/0000950170-23-010007-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$129.0 million"},{"label":"Net income","value":"($9.7) million"},{"label":"EPS","value":"($0.37) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"7bb4abeedbf5577ac94b350fe5e86c22ee1f36a9","claim":"FreightCar America, Inc. reported the full year ended December 31, 2022 results: revenue $364.8 million, net income ($38.8) million, EPS ($1.56) per share.","evidence_excerpt":"Fiscal Year 2022 Highlights • Revenues of $364.8 million, up 79.6% year-over-year, on deliveries of 3,184 railcars, up 83.9% year-over-year • Gross margin of 7.1% with gross profit of $25.8 million, compared to gross margin of 5.6% with gross profit of $11.5 million in fiscal year 2021 • Net loss of ($38.8) million, or ($1.56) per share and adjusted net loss of ($23.5) million, or ($0.95) per share, accounting for primarily non-cash items including $8.1 million pension settlement loss and $4.5 million impairment on leased railcars • Adjusted EBITDA of $8.4 million, compared to adjusted EBITDA loss of ($7.2) million in fiscal year 2021","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1320854/000095017023010007/0000950170-23-010007-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ended December 31, 2022"},{"label":"Revenue","value":"$364.8 million"},{"label":"Net income","value":"($38.8) million"},{"label":"EPS","value":"($1.56) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a376a76f13d202cccbf22fd85daf4e78bd189cd1","claim":"FreightCar America, Inc. reported fiscal year 2023 results: revenue $400 - $430 million. Guidance initiated.","evidence_excerpt":"The Company has provided its outlook for fiscal year 2023 as follows: Fiscal 2023 Outlook Year-over-Year Growth at Midpoint Revenue $400 - $430 million 13.8% Adjusted EBITDA $15 - $20 million 108.1% Railcar Deliveries 3,400 - 3,700 Railcars 11.5%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1320854/000095017023010007/0000950170-23-010007-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2023"},{"label":"Revenue","value":"$400 - $430 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}