FreightCar America (RAIL) Misses Q3 EPS by 77c, Miss on Revenues; 'Extremely Disappointed with 3Q Results'

FreightCar America (NASDAQ: RAIL) reported Q3 EPS of ($0.94), $0.77 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $72 million versus the consensus estimate of $87.83 million.

“We are extremely disappointed with our third quarter results. While the challenging market conditions adversely impacted pricing and contributed to lower quarterly deliveries, we also felt the full impact of the persistent manufacturing challenges at our Shoals facility,” said Jim Meyer, President and Chief Executive Officer. “We are fully engaged in addressing the ongoing manufacturing issues. While it will take time, I am confident that we know what to do and in our ability to implement the changes required to address these issues. We also remain focused on managing our balance sheet. This focus has resulted in positive operating cash flow in 2017, $127 million in cash and marketable securities, and the ability to make future investments to enhance profitability and shareholder value.”

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

You May Also Be Interested In

• Lennar Corp. (LEN) Misses Q2 EPS by 1c
• McGraw Hill (MH) Tops Q1 EPS by 15c, Beats on Revenue; Offers FY26 Revenue Guidance
• Anterix Inc. (ATEX) Tops Q4 EPS by 152c