FreightCar America, Inc., through its subsidiaries, designs, manufactures, and sells railcars and railcar components for the transportation of bulk commodities and containerized freight products primarily in North America. It operates through two segments, Manufacturing and Parts. The company offers a range of freight cars, including open top hoppers; covered hopper cars; gondolas; triple hoppers and hybrid aluminum/stainless steel railcars; ore hopper and gondola railcars; ballast hopper cars; aggregate hopper cars; intermodal flats; and non-intermodal flat cars. It also provides railcars, including coal cars, bulk commodity cars, coil steel cars, and boxcars; and woodchip hoppers, aluminum vehicle carriers, intermodal doublestack railcars, and articulated bulk container railcars. In addition, the company sells used railcars; leases, rebuilds, and converts railcars; and sells forged, cast, and fabricated parts for various railcars. It also exports its manufactured railcars to Latin America and the Middle East. The company's customers primarily include financial institutions, railroads, and shippers. FreightCar America, Inc. was founded in 1901 and is headquartered in Chicago, Illinois.
IPO Year: 2005
Exchange: NASDAQ
Website: freightcaramerica.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/1/2025 | $9.00 | Buy | Northcoast |
Nick Randall, Chief Operating Officer to Succeed Jim Meyer as President and CEO; Jim Meyer to remain on the Board of Directors and become Executive Chairman CHICAGO, March 18, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL), a diversified manufacturer of railroad freight cars, announced effective May 1, 2024, the appointment of Nicholas J. Randall, the Company's current Chief Operating Officer, as President and Chief Executive Officer and member of the Company's Board of Directors. Mr. Randall will succeed James R. Meyer who has been appointed as the Company's Executive Chairman of the Board of Directors. William D. Gehl, the Company's current Chairman, will remain on th
CHICAGO, May 18, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer of railroad freight cars, announced today the appointment of Nicholas J. Randall as the Company's Chief Operating Officer (COO), effective June 26, 2023. Randall will report to James R. Meyer, President and Chief Executive Officer. "I am thrilled to welcome Nick to the FreightCar America team as our Chief Operating Officer. He is an accomplished business leader with deep and global experience in the heavy durable industrial and consumer industries. He brings a proven track record of growing companies by driving success through operational exc
CHICAGO, Feb. 17, 2021 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) today announced that its Board of Directors has appointed Terence R. (Terry) Rogers as Vice President, Chief Financial Officer & Treasurer, effective February 15, 2021. Mr. Rogers has been serving as Interim Chief Financial Officer since January 2021, leading all the finance activities of the Company including business planning, budgeting, forecasting, treasury and information technology. Jim Meyer, President and Chief Executive Officer, commented, “We are thrilled to have a person of Terry’s caliber join the permanent team. He is an extremely experienced financial leader and brings invaluable experience as
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CHICAGO, May 13, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced that it will participate in the Wolfe 18th Annual Global Transportation & Industrials Conference on May 20, 2025. Nick Randall, President and Chief Executive Officer, and Mike Riordan, Chief Financial Officer, will host one-on-one meetings with investors throughout the day. For additional information or to request a meeting, please contact the Company's Investor Relations team at [email protected]. About FreightCar AmericaFreightCar America, headquartered in Chicago, Illinois, is a leading design
Gross Profit Increased 26% with Gross Margin Expanding 780 Basis Points Generates Quarterly Operating Cash Flow of $13 million and Adjusted Free Cash Flow of $12 million Strong Order Intake Supports Reaffirmed Full Year Guidance CHICAGO, May 05, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today reported results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Revenues of $96.3 million, consistent with expectations, decreased 40.2% from $161.1 million in the first quarter of 2024, with planned ra
CHICAGO, April 24, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer and supplier of railroad freight cars, railcar parts, and components, today announced that it received total orders valued at approximately $141 million, representing a total of 1,250 railcars, during the quarter ended March 31, 2025. These orders underscore ongoing demand for FreightCar America's railcar offerings and reflect continued market share gains. FreightCar America continues to gain share within its core railcar markets, driven by strategic initiatives aimed at increasing operational efficiency, product innovation, and commercia
CHICAGO, April 21, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its first quarter 2025 financial results on Monday, May 5, 2025, after the market close and host a teleconference to discuss its first quarter 2025 results on the following day. Teleconference details are as follows: May 6, 202511:00 a.m. Eastern Daylight TimePhone: 1-877-407-0789 or 1-201-689-8562Webcast access at: www.freightcaramerica.com Please note that the webcast is listen-only and webcast participants will not be able to participate in the question and answer portion of the conference call. Intere
Reports full year Revenue up 56% with Gross Profit up 60% Generates full year Operating Cash Flow of $45 million and Adj. Free Cash Flow of $22 million Projecting sequential growth across Deliveries, Revenue and Adj. EBITDA for 2025 CHICAGO, March 12, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today reported results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights Revenues of $137.7 million, compared to revenues of $126.6 million in the fourth quarter of 2023, up 8.8% on stable railcar
CHICAGO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its fourth quarter and full year 2024 financial results on Wednesday, March 12, 2024, after the market close. The conference call and live webcast will be held on Thursday, March 13, 2025 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com. Investors, analysts, and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call which can be accessed at: Event URL: https://viavid.w
Expanded credit facility enhances borrowing capacity and reduces cost of capitalFurther enhances financial flexibility and ability to support growth strategy CHICAGO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today closed a new Asset-Based Lending ("ABL") credit facility with Bank of America. The new ABL credit agreement will provide FreightCar America with a $35 million revolving credit facility and be used to optimize working capital needs and improve financial flexibility. Highlights The Company secured a new $35 milli
New financing arrangement reduces Company's cost of capital by approximately 40% Further enhances financial flexibility, cash generation and ability to support growth strategy CHICAGO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced it has completed a new term loan facility. The proceeds from the term loan will be used to redeem all outstanding shares of Series C Preferred Stock, as well as settle all related accrued dividends. Highlights: The Company closed a $115 million 4-year term loan agreement on December
CHICAGO, Nov. 26, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced that the Company will present and conduct investor meetings at Noble Capital Markets' Emerging Growth Equity Conference on December 3-4, 2024 in Boca Raton, Florida. Nick Randall, President and Chief Executive Officer, and Mike Riordan, Chief Financial Officer, will begin the presentation at 1:30 PM CT on December 3rd and conduct one-on-one investor meetings scheduled on both days. Interested parties can access a replay of the presentation on the Investor Relations section of the Company'
Company delivers 83% year-over-year revenue growth with strong gross margin Raises mid-point of full year Adjusted EBITDA guidance CHICAGO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today reported results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenues of $113.3 million on 961 railcar deliveries, compared to revenues of $61.9 million on 503 railcar deliveries in the third quarter of 2023, up 83% and 91% respectivelyGross margin of 14.3% with gross profit of $16.2 million, compared
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Northcoast initiated coverage of Freightcar America with a rating of Buy and set a new price target of $9.00
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4 - FreightCar America, Inc. (0001320854) (Issuer)
4 - FreightCar America, Inc. (0001320854) (Issuer)
Gross Profit Increased 26% with Gross Margin Expanding 780 Basis Points Generates Quarterly Operating Cash Flow of $13 million and Adjusted Free Cash Flow of $12 million Strong Order Intake Supports Reaffirmed Full Year Guidance CHICAGO, May 05, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today reported results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Revenues of $96.3 million, consistent with expectations, decreased 40.2% from $161.1 million in the first quarter of 2024, with planned ra
CHICAGO, April 21, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its first quarter 2025 financial results on Monday, May 5, 2025, after the market close and host a teleconference to discuss its first quarter 2025 results on the following day. Teleconference details are as follows: May 6, 202511:00 a.m. Eastern Daylight TimePhone: 1-877-407-0789 or 1-201-689-8562Webcast access at: www.freightcaramerica.com Please note that the webcast is listen-only and webcast participants will not be able to participate in the question and answer portion of the conference call. Intere
Reports full year Revenue up 56% with Gross Profit up 60% Generates full year Operating Cash Flow of $45 million and Adj. Free Cash Flow of $22 million Projecting sequential growth across Deliveries, Revenue and Adj. EBITDA for 2025 CHICAGO, March 12, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today reported results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights Revenues of $137.7 million, compared to revenues of $126.6 million in the fourth quarter of 2023, up 8.8% on stable railcar
CHICAGO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its fourth quarter and full year 2024 financial results on Wednesday, March 12, 2024, after the market close. The conference call and live webcast will be held on Thursday, March 13, 2025 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com. Investors, analysts, and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call which can be accessed at: Event URL: https://viavid.w
New financing arrangement reduces Company's cost of capital by approximately 40% Further enhances financial flexibility, cash generation and ability to support growth strategy CHICAGO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced it has completed a new term loan facility. The proceeds from the term loan will be used to redeem all outstanding shares of Series C Preferred Stock, as well as settle all related accrued dividends. Highlights: The Company closed a $115 million 4-year term loan agreement on December
Company delivers 83% year-over-year revenue growth with strong gross margin Raises mid-point of full year Adjusted EBITDA guidance CHICAGO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today reported results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenues of $113.3 million on 961 railcar deliveries, compared to revenues of $61.9 million on 503 railcar deliveries in the third quarter of 2023, up 83% and 91% respectivelyGross margin of 14.3% with gross profit of $16.2 million, compared
CHICAGO, Oct. 28, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced that it will release its third quarter 2024 financial results on Tuesday, November 12, 2024 before the market opens. The conference call and live webcast will be held on Tuesday, November 12 at 11:00 a.m. (ET), and will be available on the Investor Relations page of the Company's website at https://viavid.webcasts.com/starthere.jsp?ei=1693396&tp_key=feca4932b6 or by dialing (877) 407-0789 or (201) 689-8562. It is recommended that listeners log on or dial in approximately 10 to 15 minutes prior t
Company delivers 66% year-over-year revenue growth with record profitability at new plant, raises full year guidance Secured ~3,000 orders, including first tank car conversion order CHICAGO, Aug. 12, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today reported results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Revenues of $147.4 million on 1,159 railcar deliveries, an increase of 66% compared to revenues of $88.6 million on 760 railcar deliveries in the second quarter of 2023Gross margin of 12.5% with
CHICAGO, July 29, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its second quarter 2024 financial results on Monday, August 12, 2024 after the market close. The conference call and live webcast will be held on Tuesday, August 13 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company's website at www.freightcaramerica.com. Investors, analysts, and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call which can be accessed at: Event URL: https://viavid.webcasts.com/starthere.jsp?e
Company delivers 99% year-over-year revenue growth and record quarterly deliveries for new plant Reaffirms revenue, Adjusted EBITDA, and delivery outlook for 2024 CHICAGO, May 08, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer of railroad freight cars, today reported results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Revenues of $161.1 million on 1,223 railcar deliveries, an increase of 99% compared to revenues of $81.0 million on 738 railcar deliveries in the first quarter of 2023Gross margin of 7.1% with gross profit of $11.4 million, compared to gross margin of 9.2% wi