FreightCar America (RAIL) Misses Q2 EPS by 47c

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Go back to FreightCar America (RAIL) Misses Q2 EPS by 47c

FreightCar America, Inc. Reports Second Quarter 2016 Results

August 1, 2016 5:30 PM EDT

Highlights

Revenue of $126.2 million on deliveries of 1,372 unitsNet loss of $0.5 million, or $(0.04) per diluted shareDiversified backlog totaling 6,207 railcars valued at $612 millionTargeted cost reduction plan expected to reduce annual operating costs by approximately $5.0 million

CHICAGO, Aug. 01, 2016 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) today reported results for the second quarter ended June 30, 2016, with a net loss of $0.5 million, or $(0.04) per diluted share, compared to net income of $7.4 million, or $0.60 per diluted share, in the same period last year.

The second quarter results did... More