FreightCar America Q4 revenue up 24% to $75M; FY revenue +87%; raises FY2022 delivery guidance

FreightCar America, Inc.

Q4 2021 revenue $75.0M (+23.8% YoY); net income $1.2M ($0.06 EPS) vs. loss of $14.4M in Q4 2020.
Full year 2021 revenue $203.1M (+87% YoY); delivered 1,731 railcars vs 751 in 2020; backlog 2,323 railcars valued at $240.2M.
Raised FY2022 delivery guidance from 2,350-2,650 to 2,600-2,900 railcars; expects positive full-year Adjusted EBITDA.
Gross margin positive for fifth consecutive quarter; manufacturing operating income $4.9M in Q4.

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