secwatch.observer — SEC 8-K summary
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Issuer:     FreightCar America, Inc. (RAIL)
CIK:        0001320854
Form:       8-K
Filed at:   2026-10-19T20:47:35+00:00
Accession:  0001193125-26-425341
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320854/000119312526425341/0001193125-26-425341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320854/000119312526425341/rail-20261019.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-425341

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