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

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

FreightCar America, Inc. Reports First Quarter 2021 Results

May 17, 2021 7:40 AM EDT

First quarter revenues up substantially year-over-year

Company raises 2021 delivery outlook

Second consecutive quarter of positive gross margins, driven by new operating structure

CHICAGO, May 17, 2021 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) today reported results for the first quarter ended March 31, 2021.

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... More