FreightCar America, Inc. Reports First Quarter 2021 Results

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Go back to FreightCar America, Inc. Reports First Quarter 2021 Results

FreightCar America (RAIL) Reports Q1 Loss of $1.92, Revenues Miss

May 17, 2021 7:45 AM EDT

FreightCar America (NASDAQ: RAIL) reported Q1 EPS of ($1.92), versus ($0.26) reported last year. Revenue for the quarter came in at $32.4 million versus the consensus estimate of $38.2 million.

Business Highlights

First quarter revenue of $32.4 million, up 523% year-over-year, on deliveries of 309 railcarsGross margin of $1.8 million, positive for the second consecutive quarter despite the operational complexities of completing the transition from Shoals to CastañosFirst quarter net loss of $38.4 million, or $1.92 per share, which included $6.7 million of restructuring charges and a $22.1 million non-cash charge related to the change in fair... More