---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-055715"
form_type: "8-K"
ticker: "RAIL"
cik: "0001320854"
company_name: "FreightCar America, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:57:01.828291+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FreightCar America Q1 revenue up 99% YoY to $161.1M; reaffirms FY2024 guidance

## Summary
- Q1 revenue $161.1M (+99% YoY) on 1,223 railcar deliveries vs 738 last year; record quarterly deliveries from Mexico plant.
- Net loss ($11.6M) or ($0.54)/share; adjusted net income $4.9M ($0.02)/share on non-cash warrant liability adjustments.
- Adjusted EBITDA $6.1M vs $2.1M YoY; gross margin 7.1% vs 9.2% but gross profit $11.4M vs $7.5M.
- FY2024 guidance reaffirmed: revenue $520-$572M, Adj. EBITDA $32-$38M, deliveries 4,000-4,400 (39% YoY growth at midpoint).
- CEO Nick Randall notes factory complete with 5,000+ railcar annual capacity; focused on profitable growth and margin expansion.

## SEC filing metadata
- accession: 0000950170-24-055715
- form_type: 8-K
- ticker: RAIL
- cik: 0001320854
- company_name: FreightCar America, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320854/000095017024055715/0000950170-24-055715-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320854/000095017024055715/rail-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-055715
- JSON: https://secwatch.observer/filing/0000950170-24-055715.json
- Plain text: https://secwatch.observer/filing/0000950170-24-055715.txt

## Key facts
- Earnings Releases
  FreightCar America, Inc. reported first quarter ended March 31, 2024 results: revenue $161.1 million, net income ($11.6) million, EPS ($0.54) per share. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: $161.1 million
  - Net income: ($11.6) million
  - EPS: ($0.54) per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: “Company”), a diversified manufacturer of railroad freight cars, today reported results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights • Revenues of $161.1 million on 1,223 railcar deliveries, an increase of 99% compared to revenues of $81.0 million on 738 railcar deliveries in the first quarter of 2023 • Gross margin of 7.1% with gross
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320854/000095017024055715/0000950170-24-055715-index.htm

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