FreightCar America, Inc. reported second-quarter 2026 results with revenue of $113.1M and a net loss attributable to common stockholders of $(30.1)M, or diluted EPS of $(0.94), versus revenue of $118.6M, net income $11.7M and EPS $0.34 in the year-ago quarter.
Financial Highlights
- Revenue was $113.1M for Q2 2026, down from $118.6M in the year-ago quarter (−4.6% YoY).
- Net income was a loss attributable to common stockholders of $(30.1)M for Q2 2026, versus net income of $11.7M in the year-ago quarter.
- Diluted earnings per share was $(0.94) for Q2 2026, compared with $0.34 in the year-ago quarter.
Business Highlights
- Backlog rose materially to 3,972 railcars (estimated $344M) as of June 30, 2026, up from 1,926 units at December 31, 2025, expanding the company's commercial footprint.
- Order intake momentum improved with year-to-date net orders of 3,550 units (3,150 new, 400 conversions) versus 2,476 in the prior year, indicating stronger demand.
- Revenue mix shifted: manufacturing revenue declined versus prior periods due to an unfavorable product mix, while aftermarket sales grew following the December 2025 acquisition of Carly Railcar Components, which boosted parts distribution and aftermarket gross profit.
- Management focused on operational efficiency, including inventory reductions and working capital actions that supported positive operating cash flow despite lower revenues.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.