secwatch.observer — SEC 8-K summary
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Issuer:     FreightCar America, Inc. (RAIL)
CIK:        0001320854
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0000950170-24-124579
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FreightCar America Q3 revenue up 83% to $113.3M; raises FY adj. EBITDA guidance mid-point
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320854/000095017024124579/0000950170-24-124579-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320854/000095017024124579/rail-20241112.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-124579

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