---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-019724"
form_type: "8-K"
ticker: "RAIL"
cik: "0001320854"
company_name: "FreightCar America, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T08:28:26.437364+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# FreightCar America Q1 net loss $5M, revenue $81M; reaffirms FY2023 outlook

## Summary
- Revenue $81.0M on 738 railcar deliveries; gross margin 9.2% ($7.5M gross profit).
- Net loss ($5.0M) or ($0.19)/share; Adjusted Net Loss ($5.7M) or ($0.21)/share.
- Adjusted EBITDA $2.1M vs $3.3M in Q1 2022 and $1.2M in prior quarter.
- Received orders for 1,960 railcars; backlog 3,667 railcars valued at $413M.
- Signed deal to issue non-convertible preferred stock to reduce debt and provide growth capital.

## SEC filing metadata
- accession: 0000950170-23-019724
- form_type: 8-K
- ticker: RAIL
- cik: 0001320854
- company_name: FreightCar America, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320854/000095017023019724/0000950170-23-019724-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320854/000095017023019724/rail-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-019724
- JSON: https://secwatch.observer/filing/0000950170-23-019724.json
- Plain text: https://secwatch.observer/filing/0000950170-23-019724.txt

## Key facts
- Earnings Releases
  FreightCar America, Inc. reported the first quarter ended March 31, 2023 results: revenue $81.0 million, net income ($5.0) million, EPS ($0.19) per share. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $81.0 million
  - Net income: ($5.0) million
  - EPS: ($0.19) per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer of railroad freight cars, today reported results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights • Revenues of $81.0 million on deliveries of 738 railcars, compared to revenues of $129.0 million on deliveries of 1,150 railcars in the prior quarter and revenues of $93.2 million on deliveries of 783 railcars in the first quarter of 2022 • Gross margin of 9.2% with gross profit of $7.5 million, compared to gross margin of 3.6% with gross profit of $4.6 million in the prior quarter and gross margin of 10.8% with gross profit of $10.1 million in the first quarter of 2022 • Net loss of ($5.0) million, or ($0.19) per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320854/000095017023019724/0000950170-23-019724-index.htm

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