secwatch.observer — SEC 8-K summary
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Issuer:     FreightCar America, Inc. (RAIL)
CIK:        0001320854
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0001320854-26-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FreightCar America Q1 revenue $64.3M down 33% YoY; maintains FY2026 outlook
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- Revenues of $64.3M (down from $96.3M) on 577 railcar deliveries; gross margin expanded 190bps to 16.8%.
- Adjusted net loss of $479K ($0.04/share); Adjusted EBITDA $3.2M vs $6.4M in prior year quarter.
- Backlog grew 14% sequentially to 2,058 units valued at $156M; aftermarket revenue up 86%.
- Non-cash warrant liability adjustments of $49.1M drove GAAP net income of $41.6M ($1.15/share).
- FY2026 outlook reaffirmed: 4,000-4,500 deliveries, $500-550M revenue, $41-50M Adj EBITDA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320854/000132085426000009/0001320854-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320854/000132085426000009/rail-20260504.htm
  HTML page:      https://secwatch.observer/filing/0001320854-26-000009

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