---
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"
generated_at: "2026-06-08T19:18:13.796669+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FreightCar America Q3 revenue down 27.8% to $61.9M; guides FY23 revenue lower

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-059436
- JSON: https://secwatch.observer/filing/0000950170-23-059436.json
- Plain text: https://secwatch.observer/filing/0000950170-23-059436.txt

## Key facts
- Earnings Releases
  FreightCar America, Inc. reported fiscal year 2023 results: revenue $365 - $380 million. Guidance lowered.
  - Period: fiscal year 2023
  - Revenue: $365 - $380 million
  - Guidance: lowered
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1320854/000095017023059436/0000950170-23-059436-index.htm
- Earnings Releases
  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.
  - Period: third quarter ended September 30, 2023
  - Revenue: $61.9 million
  - Net income: $3.2 million
  - EPS: ($0.03) per share
  - Guidance: lowered
  - 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 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_url: https://www.sec.gov/Archives/edgar/data/1320854/000095017023059436/0000950170-23-059436-index.htm

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