---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-039166"
form_type: "8-K"
ticker: "RAIL"
cik: "0001320854"
company_name: "FreightCar America, Inc."
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T03:52:01.124724+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FreightCar America Q2 revenue up 56% to $88.6M; raises FY23 EBITDA guidance

## Summary
- Revenue $88.6M on 760 deliveries vs $56.8M on 468 deliveries YoY.
- Gross margin 14.6% ($13.0M profit) vs 11.6% ($6.6M) YoY.
- Adjusted EBITDA $8.0M vs $2.3M YoY; FY23 guidance raised to $18-22M from $15-20M.
- Backlog 3,288 railcars valued ~$382M; orders 381 in Q2, 2,341 in H1.
- Appointed Nick Randall as first COO; completed preferred share offering replacing term loans.

## SEC filing metadata
- accession: 0000950170-23-039166
- form_type: 8-K
- ticker: RAIL
- cik: 0001320854
- company_name: FreightCar America, Inc.
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1320854/000095017023039166/0000950170-23-039166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320854/000095017023039166/rail-20230807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-039166
- JSON: https://secwatch.observer/filing/0000950170-23-039166.json
- Plain text: https://secwatch.observer/filing/0000950170-23-039166.txt

## Key facts
- Earnings Releases
  FreightCar America, Inc. reported the second quarter ended June 30, 2023 results: revenue $88.6 million, net income Net loss of ($18.9) million, or ($0.73) per share, EPS ($0.73) per share. Guidance raised.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $88.6 million
  - Net income: Net loss of ($18.9) million, or ($0.73) per share
  - EPS: ($0.73) per share
  - Guidance: raised
  - Result: reported results
  source text: “Company”), a diversified manufacturer of railroad freight cars, today reported results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights • Revenues of $88.6 million on 760 railcar deliveries, up 56% compared to revenues of $56.8 million on 468 railcar deliveries in the second quarter of 2022 • Gross margin of 14.6% with gross profit of $13.0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320854/000095017023039166/0000950170-23-039166-index.htm

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