Highest-materiality recent filing
FreightCar America Q2 net loss $30.1M; backlog up 121% sequentially; FY2026 guidance lowered
Revenue $113.1M (down 5% YoY); railcar deliveries 927 units vs 939 prior year.
FreightCar America issues 13.6M shares upon warrant exercise, increasing share count by ~70%
Holder OC III LFE II, LP exercised warrants for 13,619,377 shares of common stock.
FreightCar America Q1 revenue $64.3M down 33% YoY; maintains FY2026 outlook
Revenues of $64.3M (down from $96.3M) on 577 railcar deliveries; gross margin expanded 190bps to 16.8%.
Q4 2025: revenue $125.6M (down from $137.7M), gross margin 13.4%, net loss $16.6M ($0.52/share), adj net income $4.9M ($0.16/share).
FreightCar America Q3 2025 revenue up 42% YoY to $160.5M; Adj. EBITDA of $17.0M
Revenues of $160.5M vs $113.3M in Q3 2024; railcar deliveries 1,304 units (up 36% YoY).
FreightCar America adopts limited-duration stockholder rights plan with 15% trigger
Rights plan effective immediately, expires August 5, 2026, unless earlier terminated by the Board.
FreightCar America Q2 revenue $118.6M, net income $11.7M; reaffirms FY guidance
Revenue $118.6M vs. $147.4M Q2 2024; railcar deliveries 939 units vs. 1,159.
FreightCar America Q1 2025: Revenue down 40% but gross margin jumps 780 bps, reaffirms FY25 outlook
Revenue $96.3M (down 40.2% YoY) on 710 railcar deliveries vs 1,223 in Q1 2024.
FreightCar America Q4 adj. EBITDA $13.9M, FY2024 revenue up 56%; 2025 guidance issued
Q4 2024 revenue $137.7M (+8.8% YoY); adjusted EBITDA $13.9M (+113.8% YoY).
FreightCar America closes $115M term loan, redeems Series C Preferred Stock from PIMCO
Borrowed $115M under new Term Loan Agreement with Blue Torch Finance LLC; maturity Dec 31, 2028.
FreightCar America Q3 revenue up 83% to $113.3M; raises FY adj. EBITDA guidance mid-point
Revenue $113.3M on 961 deliveries (vs $61.9M, 503 deliveries YoY); gross margin 14.3%.
FreightCar America extends Siena loan maturity to Dec 31, 2024; revolver cut to $20M
Maturity of Siena Lending Group credit facility extended from Oct 31, 2024 to Dec 31, 2024.
FreightCar America Q2 revenue up 66% YoY to $147.4M; raises FY2024 guidance
Net income of $8.2M ($0.11 diluted EPS); Adjusted net income $6.3M ($0.05 diluted EPS).
FreightCar America expands into tank car conversions with multi-year order for over 1,000 cars
Multi-year agreement to convert over 1,000 DOT 111 tank cars to upgraded DOT 117R standard.
FreightCar America Q1 revenue up 99% YoY to $161.1M; reaffirms FY2024 guidance
Q1 revenue $161.1M (+99% YoY) on 1,223 railcar deliveries vs 738 last year; record quarterly deliveries from Mexico plant.
FY2023 revenue $358.1M (-1.8% YoY); net loss $23.6M ($1.18/share); Adj EBITDA $20.1M vs $8.4M in FY2022.
FreightCar America enters royalty agreements with facility lessors, terminates prior deal
Entered three royalty agreements with Jesús, Alejandro, and Salvador Gil Benavides, lessors of Castaños facility.
FreightCar America Q3 revenue down 27.8% to $61.9M; guides FY23 revenue lower
Q3 revenue $61.9M on 503 railcar deliveries vs $85.7M on 783 YoY; gross margin expanded to 14.9% from 5.3%.
FreightCar America extends credit facility to Oct 2024, ups revolver to $45M
Maturity extended from Oct 8, 2023 to Oct 31, 2024.
FreightCar America Q2 revenue up 56% to $88.6M; raises FY23 EBITDA guidance
Revenue $88.6M on 760 deliveries vs $56.8M on 468 deliveries YoY.
Issued 85,412 shares of Series C Preferred Stock and warrants for 1,636,313 common shares at $3.57 exercise price.
FreightCar America stockholders approve 4x increase in LTIP shares to 4.8M
Stockholders elected directors Arnold, De Nigris Felán, Kelly, Meyer.
FreightCar America reports FY2022 revenue up 80% to $364.8M; guides FY2023
FY2022 revenue $364.8M (+79.6% YoY), railcar deliveries 3,184 (+83.9%); Adj EBITDA $8.4M vs -$7.2M in 2021.
FreightCar America Q3 revenue $85.7M (+47% YoY); net loss $0.69/sh; reaffirms FY guidance
Revenue $85.7M, up 47% YoY; 783 railcar deliveries, up 55% YoY.
FreightCar America Q2 revenue up 52% to $56.8M; raises FY2022 outlook
Revenue $56.8M, deliveries 468 railcars vs 313 a year ago; net income $14.5M ($0.58 EPS).
FreightCar America CEO James Meyer to retire in 2023; successor search underway
James R. Meyer, President and CEO, notified company of retirement intention in 2023 after successor appointed.
FreightCar America Q1 revenue up 188% to $93.2M; CEO to retire in 2023
Q1 revenue $93.2M, up 188% YoY; deliveries 783 railcars vs 309 YoY.
FreightCar America issues warrant for 5% of fully-diluted shares at $0.01 strike after loan default
Failed to repay $16M additional term loan by March 31, 2022 deadline.
FreightCar America Q4 revenue up 24% to $75M; FY revenue +87%; raises FY2022 delivery guidance
Q4 2021 revenue $75.0M (+23.8% YoY); net income $1.2M ($0.06 EPS) vs. loss of $14.4M in Q4 2020.
FreightCar America ups revolving credit facility to $35M from $20M with Siena Lending
Maximum Revolving Facility Amount increased to $35.0 million from $20.0 million under First Amendment dated Feb 23, 2022.
On June 10, 2026, the Board of Directors (the “Board”) of FreightCar America, Inc. (the “Company”) appointed Bradley J. Pickard to the Board as a Class II director, effective June 10, 2026.
On March 20, 2025, William D. Gehl (“Mr. Gehl”), who has been a member of the Board of Directors (the “Board”) of FreightCar America, Inc. (the “Company”) since May 2007 and Lead Independent Director since May 2024, notified the Board of his decision not to stand for re-election as a Class II director at the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”), and to retire from the Board.
Mr. Gehl was also appointed as the Board’s Lead Independent Director, effective May 1, 2024
On March 14, 2024, the Company appointed Nicholas J. Randall as President and Chief Executive Officer of the Company, effective May 1, 2024.
effective May 1, 2024, the Board approved an increase in the size of the Board from eight (8) directors to nine (9) directors and Mr. Randall will be appointed by the Board to serve as a director
Effective May 1, 2024, Mr. Meyer will become Executive Chairman of the Board in lieu of William Gehl
On May 12, 2023, FreightCar America, Inc. (the “Company”) entered into a letter agreement with Nicholas J. Randall (the “Randall Letter”) pursuant to which Mr. Randall will become the Company’s Chief Operating Officer, effective June 26, 2023 (the “Effective Date”).
Effective November 7, 2022, Juan Carlos Fuentes Sierra, 45, the Company’s Chief Accounting Officer and Corporate Controller, will serve as the Company’s principal accounting officer.
On June 20, 2022, the Board of Directors (the “Board”) of FreightCar America, Inc. (the “Company”) appointed José De Nigris Felán and Travis D. Kelly to the Board as Class I directors, effective June 20, 2022.
On June 20, 2022, the Board of Directors (the “Board”) of FreightCar America, Inc. (the “Company”) appointed José De Nigris Felán and Travis D. Kelly to the Board as Class I directors, effective June 20, 2022.
On May 5, 2022, James R. Meyer, President and Chief Executive Officer of FreightCar America, Inc. (the “Company”), notified the Company of his intention to retire in 2023, after the appointment of his successor to ensure a smooth transition.
Max materiality 0.90 · Median 0.60 · Most common event earnings