secwatch.observer — SEC 8-K summary
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Issuer:     FreightCar America, Inc. (RAIL)
CIK:        0001320854
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0000950170-24-032841
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FreightCar America reports FY2023 Adj EBITDA $20.1M, guides FY2024 revenue $520-572M; CEO transition to Nick Randall
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- FY2023 revenue $358.1M (-1.8% YoY); net loss $23.6M ($1.18/share); Adj EBITDA $20.1M vs $8.4M in FY2022.
- Q4 2023 rev $126.6M, 1,021 railcars; gross margin 9.6% vs 3.6%; Adj EBITDA $6.5M.
- FY2024 guidance: revenue $520-572M, deliveries 4,000-4,400, Adj EBITDA $32-38M.
- CEO Jim Meyer resigns effective May 1, becomes Executive Chairman; COO Nick Randall appointed President and CEO.
- William Gehl transitions from Chairman to Lead Independent Director, effective May 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320854/000095017024032841/0000950170-24-032841-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320854/000095017024032841/rail-20240314.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-032841

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer