secwatch.observer — SEC 8-K summary
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Issuer:     FreightCar America, Inc. (RAIL)
CIK:        0001320854
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0000950170-23-059436
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320854/000095017023059436/0000950170-23-059436-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320854/000095017023059436/rail-20231106.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-059436

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