secwatch.observer — SEC 8-K summary
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Issuer:     FreightCar America, Inc. (RAIL)
CIK:        0001320854
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0000950170-24-095472
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FreightCar America Q2 revenue up 66% YoY to $147.4M; raises FY2024 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320854/000095017024095472/0000950170-24-095472-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320854/000095017024095472/rail-20240812.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-095472

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