FreightCar America (RAIL) Reports Q4 EPS of $0.01
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FreightCar America, Inc. Reports Fourth Quarter and Full Year 2016 Results
February 27, 2017 5:01 PM ESTHighlights
Fourth quarter revenue of $135.5 million on deliveries of 1,364 unitsFourth quarter net income of $0.1 million, or $0.01 per diluted shareFull year 2016 net income of $12.3 million, or $1.00 per diluted shareYear-end backlog totaling 4,259 railcars valued at $419 millionAdditional cost reductions enacted to reduce annual selling, general and administrative costs by approximately $3.0 millionTotal cash, cash equivalents and restricted cash of $98.7 million at December 31, 2016CHICAGO, Feb. 27, 2017 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) today reported results for the fourth quarter ended... More
