---
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"
generated_at: "2026-06-17T14:33:34.557981+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FreightCar America reports FY2022 revenue up 80% to $364.8M; guides FY2023

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-010007
- JSON: https://secwatch.observer/filing/0000950170-23-010007.json
- Plain text: https://secwatch.observer/filing/0000950170-23-010007.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $129.0 million
  - Net income: ($9.7) million
  - EPS: ($0.37) per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1320854/000095017023010007/0000950170-23-010007-index.htm
- Earnings Releases
  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.
  - Period: the full year ended December 31, 2022
  - Revenue: $364.8 million
  - Net income: ($38.8) million
  - EPS: ($1.56) per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1320854/000095017023010007/0000950170-23-010007-index.htm
- Earnings Releases
  FreightCar America, Inc. reported fiscal year 2023 results: revenue $400 - $430 million. Guidance initiated.
  - Period: fiscal year 2023
  - Revenue: $400 - $430 million
  - Guidance: initiated
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1320854/000095017023010007/0000950170-23-010007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.