earnings
confidence high
sentiment positive
materiality 0.85
FreightCar America Q2 revenue up 66% YoY to $147.4M; raises FY2024 guidance
FreightCar America, Inc.
2024-Q2 EPS reported
-$0.41
revenue$308,474,000
- Net income of $8.2M ($0.11 diluted EPS); Adjusted net income $6.3M ($0.05 diluted EPS).
- Adjusted EBITDA $12.1M vs $8.0M in Q2 2023; gross profit $18.4M, margin 12.5%.
- Railcar deliveries 1,159 (up 52% YoY); secured ~3,000 net orders including first tank car conversion.
- Raised FY2024 guidance: revenue $560-600M, Adjusted EBITDA $35-39M, deliveries 4,300-4,700.
- Delivered 10,000th railcar from Castaños facility; record profitability at new plant.