secwatch.observer — SEC 8-K summary
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Issuer:     FreightCar America, Inc. (RAIL)
CIK:        0001320854
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001171843-22-003484
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FreightCar America Q1 revenue up 188% to $93.2M; CEO to retire in 2023
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- Q1 revenue $93.2M, up 188% YoY; deliveries 783 railcars vs 309 YoY.
- Net loss $25.8M ($1.11/share) including $20.7M non-cash warrant liability charge; Adjusted EBITDA $3.3M vs -$1.8M YoY.
- FY2022 outlook: revenue $320M-$340M, railcar deliveries 2,800-3,000, raised from previous.
- CEO Jim Meyer to retire in 2023 after successor appointed; board search underway.
- Gross profit $10.1M with 10.8% margin, positive for sixth consecutive quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320854/000117184322003484/0001171843-22-003484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320854/000117184322003484/f8k_051022.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-003484

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