Freightcar America, Inc.
9.17-0.61 (-6.24%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · RAIL · USD
Key Stats
Market Cap
175.40MP/E (TTM)
-Basic EPS (TTM)
-0.92Dividend Yield
0%Recent Filings
8-K
Enhanced exec severance terms
FreightCar America amended employment agreements for CEO Nicholas J. Randall and CFO Michael A. Riordan, effective September 3, 2025, to enhance severance benefits post-Change in Control. Randall gains 24 months of base salary continuation, two averaged bonus payments, and health coverage; Riordan receives 18 months of each. These changes replace prior plan benefits, signaling board confidence in leadership stability amid potential M&A. Yet, they tie payouts to past bonuses.
8-K
Adopts anti-takeover rights plan
FreightCar America adopted a limited-duration stockholder rights plan on September 2, 2025, effective September 8, to shield against unsolicited takeovers. The plan issues one right per common share, triggering if any entity acquires 15% ownership without board approval, allowing others to buy stock at half price while voiding the acquirer's rights. It expires August 5, 2026, preserving board flexibility amid the company's strategic growth push. This defends long-term value yet won't block approved deals.
8-K
Q2 revenues dip, margins rise
FreightCar America reported Q2 2025 revenues of $118.6 million, down from $147.4 million last year due to fewer railcar deliveries of 939 units versus 1,159, yet gross margin expanded to 15.0% from 12.5% through better productivity and pricing. Adjusted EBITDA held at $10.0 million, with strong order intake of 1,226 railcars boosting backlog to 3,624 units valued at $316.9 million. Cash generation shines. The company reaffirmed 2025 guidance of 4,500–4,900 deliveries and $43–$49 million Adjusted EBITDA, while noting market uncertainties could delay orders.
10-Q
Q2 FY2025 results
FreightCar America posted Q2 revenues of $118.6M, down 19.5% y/y from $147.4M amid fewer railcar deliveries (939 vs 1,159 units), yet gross profit held at $17.8M with margins expanding to 15.0% from 12.5% on a shift to higher-margin products. Operating income dipped to $7.7M from $13.1M, pressured by higher SG&A, while net income climbed to $11.7M or $0.34 diluted EPS, boosted by a $52.7M tax benefit from releasing most U.S. valuation allowances—EPS aligns with 33.4M diluted shares. Cash swelled to $61.4M, with $21.3M YTD operating cash flow and $16.9M free cash flow (derived), backed by a $115M term loan at 10.3% maturing 2028 and $22.5M ABL availability; no revolver draws. Backlog hit 3,624 units worth $317M. Volatility in warrant fair values remains a key risk.
8-K
Annual meeting results
FreightCar America held its annual stockholder meeting on May 14, 2025, electing Jesús Salvador Gil Benavides and Rodger L. Boehm as Class II directors for three-year terms, with strong support—over 11 million votes for each amid 878,956 and 475,680 withheld. Stockholders approved executive compensation on an advisory basis (11.8 million for) and ratified Grant Thornton as auditors for fiscal 2025 (15.6 million for). Governance stays steady. No surprises here.
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