Quarterly ResultMay 4, 2026, 04:28 PM
FreightCar America Q1 Revenue Down 33.2% to $64.3M; Operating Loss $(0.6)M
AI Summary
FreightCar America reported a significant decline in Q1 2026 revenues and operating performance. Revenues decreased by 33.2% to $64.3 million, and the company posted an operating loss of $(0.6) million, a sharp contrast to the $3.9 million operating income in the prior year. Despite a non-cash gain on warrant liability, net income fell 17.4% to $41.6 million, and net cash flows from operating activities turned negative.
Key Highlights
- Q1 2026 Revenue $64.3 million, down 33.2% from $96.3 million in Q1 2025.
- Q1 2026 Net Income $41.6 million, down 17.4% from $50.4 million in Q1 2025.
- Q1 2026 Basic EPS $1.27, compared to $1.54 in Q1 2025.
- Q1 2026 Operating Loss $(0.6) million, compared to $3.9 million operating income in Q1 2025.
- Q1 2026 Manufacturing sales $53.0 million, a 41.3% decrease year-over-year.
- Q1 2026 Aftermarket sales $11.4 million, an 85.6% increase year-over-year.
- Q1 2026 Net cash used in operating activities $(4.3) million, compared to $12.8 million provided in Q1 2025.
- Cash, cash equivalents, and restricted cash totaled $52.8 million as of March 31, 2026.
Price Impact
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