FreightCar America slashes FY2026 outlook, drops 1,285-unit tank car retrofit order from backlog

FreightCar America, Inc.

Removed 1,285 railcars tied to a tank car retrofit order from backlog, saying the customer is unlikely to meet its contract obligations; delivery was to run 2H 2026 through 2027.
Backlog at September 30, 2026 was 2,660 units valued at $284.5M; company says no other orders are affected.
Preliminary Q3 2026: deliveries 662 units vs 1,304 a year ago; revenue $75-77M vs $160.5M; adjusted EBITDA $(0.3)M to $0.3M vs $17.0M.
FY2026 guidance cut: deliveries 3,100-3,300 (from 3,500-3,900), revenue $370-410M (from $410-460M), adjusted EBITDA $15-19M (from $36-44M).
CEO Nick Randall cited a lower cost base and expects stronger results as backlog converts in 2027; full Q3 results due November 9, 2026.

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