Quarterly ResultMay 4, 2026, 04:24 PM
FreightCar America Q1 Revenue $64.3M; Gross Margin 16.8%; Backlog Up 14%
AI Summary
FreightCar America reported Q1 2026 results in line with expectations, with revenues of $64.3 million, a decrease from $96.3 million in the prior year. Despite the revenue decline, the company achieved its highest quarterly gross margin in over a decade at 16.8% and saw 86% growth in aftermarket revenue. The company posted a GAAP net income of $41.6 million due to a non-cash warrant liability adjustment, but an adjusted net loss of $(0.04) per share. FreightCar America also reported a 14% sequential increase in backlog to 2,058 units and reaffirmed its fiscal year 2026 outlook, emphasizing its strong operational flexibility and strategic positioning for future demand.
Key Highlights
- Aftermarket revenue grew 86% in Q1 2026.
- Gross margin expanded to 16.8% in Q1 2026, up 190 basis points.
- Backlog increased 14% sequentially to 2,058 units, valued at $156 million.
- Q1 2026 revenues were $64.3 million, down from $96.3 million year-over-year.
- Adjusted net loss was $(0.04) per share in Q1 2026.
- Adjusted EBITDA was $3.2 million, a 4.9% margin, in Q1 2026.
- Reaffirmed FY2026 revenue outlook of $500-$550 million.
- Reaffirmed FY2026 Adjusted EBITDA outlook of $41-$50 million.
Price Impact
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