{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-059436","form_type":"8-K","ticker":"RAIL","cik":"0001320854","company_name":"FreightCar America, Inc.","filed_at":"2023-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.597178+00:00","generated_at":"2026-06-08T19:18:13.796669+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FreightCar America Q3 revenue down 27.8% to $61.9M; guides FY23 revenue lower","bullets":["Q3 revenue $61.9M on 503 railcar deliveries vs $85.7M on 783 YoY; gross margin expanded to 14.9% from 5.3%.","Net income $3.2M; adjusted EBITDA $3.5M (approx. $7,000/railcar), up from $1.6M in Q3 2022.","FY23 revenue guidance lowered to $365-$380M; railcar deliveries cut to 3,150-3,300; adjusted EBITDA reaffirmed at $18-$22M.","Backlog of 3,800 railcars valued at $452M; 1,015 railcar orders in Q3 and 3,356 YTD.","CEO cited migrant-related rail disruption as a Q3 headwind; fourth production line deliveries expected in coming quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-059436","json":"https://secwatch.observer/filing/0000950170-23-059436.json","markdown":"https://secwatch.observer/filing/0000950170-23-059436.md","text":"https://secwatch.observer/filing/0000950170-23-059436.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1320854/000095017023059436/0000950170-23-059436-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1320854/000095017023059436/rail-20231106.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T19:18:13.796669+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":"2ccd75561ad6740755f51b0da8528dc3eba1020f","claim":"FreightCar America, Inc. reported fiscal year 2023 results: revenue $365 - $380 million. Guidance lowered.","evidence_excerpt":"The Company has updated its outlook for fiscal year 2023 as follows: Fiscal 2023 Outlook Year-over-Year Growth at Midpoint Revenue $365 - $380 million 2.3% Adjusted EBITDA $18 - $22 million 137.8% Railcar Deliveries 3,150 – 3,300 Railcars 1.3%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1320854/000095017023059436/0000950170-23-059436-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2023"},{"label":"Revenue","value":"$365 - $380 million"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"f8d1a146b66c54bcc06c1b357294616f800f1869","claim":"FreightCar America, Inc. reported third quarter ended September 30, 2023 results: revenue $61.9 million, net income $3.2 million, EPS ($0.03) per share. Guidance lowered.","evidence_excerpt":"FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer of railroad freight cars, today reported results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights • Revenues of $61.9 million on 503 railcar deliveries, a decrease of 27.8% compared to revenues of $85.7 million on 783 railcar deliveries in the third quarter of 2022 • Gross margin of 14.9% with gross profit of $9.2 million, compared to gross margin of 5.3% with gross profit of $4.6 million in the third quarter of 2022 • Net income of $3.2 million, or ($0.03) per share and Adjusted Net income of $176 thousand, or ($0.14) per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1320854/000095017023059436/0000950170-23-059436-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$61.9 million"},{"label":"Net income","value":"$3.2 million"},{"label":"EPS","value":"($0.03) per share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}