earnings
confidence high
sentiment positive
materiality 0.75
FreightCar America Q3 revenue up 83% to $113.3M; raises FY adj. EBITDA guidance mid-point
FreightCar America, Inc.
2024-Q3 EPS reported
-$4.07
revenue$421,729,000
- Revenue $113.3M on 961 deliveries (vs $61.9M, 503 deliveries YoY); gross margin 14.3%.
- Net loss of $107.0M ($3.57/sh) due to $110M non-cash loss on warrant liability; adj. net income $7.3M ($0.08/sh).
- Adjusted EBITDA of $10.9M, up 211% from $3.5M in Q3 2023.
- Backlog of 3,611 units valued at $372M.
- FY2024 guidance: revenue $560-600M, adj. EBITDA $37-39M (mid-point raised), deliveries 4,300-4,700.