FreightCar America's Q1 net income of $50.4 million surpasses revenue, optimistic about future

From Yahoo Finance: 2025-05-06 09:55:00

FreightCar America reported a net income of $50.4 million in the first quarter, with revenue of $96.3 million, a 40.2% decrease from the previous year. The company delivered 710 units, down from 1,223 units in the same quarter last year. Adjusted net income was $1.6 million, with adjusted EBITDA at $7.3 million. The company ended the quarter with a backlog of 3,337 units valued at $318 million. FreightCar America’s president and CEO, Nick Randall, expressed optimism about the future due to strong order activity and a healthy backlog. The company reaffirmed its full-year guidance for increased deliveries, revenue, and adjusted EBITDA.



Read more at Yahoo Finance: FreightCar America Q1 net better than half of revenue