FreightCar America Q1 2025: Revenue down 40% but gross margin jumps 780 bps, reaffirms FY25 outlook

FreightCar America, Inc.

2025-Q1 EPS reported $1.52 revenue$96,290,000

Revenue $96.3M (down 40.2% YoY) on 710 railcar deliveries vs 1,223 in Q1 2024.
Gross margin expanded to 14.9% from 7.1%; gross profit up 26% to $14.4M.
Adjusted EBITDA $7.3M (up 20.5% YoY); generated $12.8M operating cash flow.
Order intake of 1,250 railcars valued at ~$141M; backlog 3,337 units worth $318M.
Reaffirmed FY2025 guidance: 4,500-4,900 deliveries, rev $530-595M, adj EBITDA $43-49M.

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