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FreightCar America Posts Q4 Loss - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

FreightCar America Inc. (RAIL) posted fourth-quarter net loss of $1.0 million, or $0.08 per share, compared to a net income of $8.5 million, or $0.71 per diluted share in the prior year quarter.

Quarterly revenues declined to $116.6 million from $187.1 million in the prior-year quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share on revenues of $136.09 million for the quarter. Analysts' estimates typically exclude special items.

Operating loss for the quarter was $38 thousand compared to an income of $9.39 million a year ago.

Quarterly deliveries decreased to 1,308 railcars, which included 528 new railcars and 780 rebuilt railcars from2,489 railcars delivered in the previous year.

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