Quarterly ResultMay 4, 2026, 04:17 PM
FreightCar America Q1 Revenue $64.3M; Net Income $41.6M; Adj. EPS $(0.04)
AI Summary
FreightCar America, Inc. reported first quarter 2026 results with revenues of $64.3 million, down from $96.3 million in the prior year. The company posted a net income of $41.6 million, or $1.15 per diluted share, primarily due to a non-cash warrant liability adjustment, while adjusted net loss was $479 thousand, or $(0.04) per share. Gross margin improved to 16.8%, and aftermarket revenue saw an 86% increase. FreightCar America also reported a 14% sequential growth in backlog to $156 million and reaffirmed its full-year 2026 outlook.
Key Highlights
- Q1 2026 Revenues were $64.3 million, compared to $96.3 million in Q1 2025.
- Q1 2026 Net Income was $41.6 million, or $1.15 per diluted share.
- Q1 2026 Adjusted Net Loss was $479 thousand, or $(0.04) per diluted share.
- Gross margin expanded to 16.8% in Q1 2026 from 14.9% in Q1 2025.
- Aftermarket revenue grew 86% year-over-year in Q1 2026.
- Backlog ended the quarter at 2,058 units valued at $156 million, a 14% sequential increase.
- Reaffirmed Fiscal Year 2026 Revenue Outlook of $500 - $550 million.
- Reaffirmed Fiscal Year 2026 Adjusted EBITDA Outlook of $41 - $50 million.