FreightCar America (RAIL) Tops Q3 EPS by 3c

FreightCar America (NASDAQ: RAIL) reported Q3 EPS of $0.53, $0.03 better than the analyst estimate of $0.50. Revenue for the quarter came in at $190.3 million versus the consensus estimate of $192.5 million.

The Company delivered 2,354 railcars in the third quarter of 2014, which included 1,554 new and 800 rebuilt railcars. This compares to 937 railcars delivered in the third quarter of 2013, which included 194 new and 743 rebuilt railcars. There were 1,635 railcars delivered in the second quarter of 2014, which included 835 new and 800 rebuilt railcars. Total manufacturing backlog was 13,514 units at September 30, 2014, compared to 7,129 units at September 30, 2013, and 8,493 units at June 30, 2014. Non-coal cars comprised 8,914 units, or 66%, of the total backlog at September 30, 2014, compared to 2,518 units at September 30, 2013, and 4,745 units at June 30, 2014.

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

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