secwatch.observer — SEC 8-K summary
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Issuer:     FreightCar America, Inc. (RAIL)
CIK:        0001320854
Form:       8-K
Filed at:   2023-03-27T23:59:59+00:00
Accession:  0000950170-23-010007
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320854/000095017023010007/0000950170-23-010007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320854/000095017023010007/rail-20230327.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-010007

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