FreightCar America (RAIL) Tops Q2 EPS by 12c

FreightCar America (NASDAQ: RAIL) reported Q2 EPS of $0.13, $0.12 better than the analyst estimate of $0.01. Revenue for the quarter came in at $139.7 million versus the consensus estimate of $125.48 million.

• Deliveries of 1,635 units in the second quarter
• Orders for 2,401 new railcars during the quarter, all non-coal cars
• Backlog increases to 8,493 railcars valued at $706 million, compared to 2,065 units a year ago

"I am pleased with the progress we made in the second quarter, said Joe McNeely, Chief Executive Officer. Deliveries, revenue and net income were at their highest levels since the third quarter of 2012. In addition, our manufacturing backlog is at its highest quarter-end level since 2006. Our backlog includes over 4,700 non-coal cars, which reflects the significant progress we have made in our product diversification strategy. We are well positioned to deliver the expected 7,000 cars for the full year of 2014 and the strong order activity during the second quarter will help to carry this momentum into 2015."

For earnings history and earnings-related data on FreightCar America (RAIL) click here.

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