Quarterly ResultAug 3, 2026, 04:24 PM
FreightCar America Q2 Adjusted Net Loss $0.8M; Backlog Up 121% to $344M
AI Summary
FreightCar America reported a Q2 2026 GAAP net loss of $30.1 million, or $(0.94) per diluted share, primarily due to a non-cash loss on warrant liability. However, the adjusted net loss was $0.8 million. The company achieved exceptional order intake, driving a 121% sequential increase in backlog value to $344 million, and saw 13% year-over-year growth in aftermarket revenue. Operating cash flow rose to $12.1 million, and free cash flow increased 43% to $11.3 million. The company also completed a second aftermarket acquisition and realigned its operating footprint for $12 million in annualized structural savings.
Key Highlights
- Q2 2026 GAAP Net Loss: $(30.1) million, or $(0.94) per diluted share.
- Q2 2026 Adjusted Net Loss: $(0.8) million, or $(0.02) per diluted share.
- Backlog value increased 121% sequentially to $344 million (3,972 units).
- Aftermarket revenues grew 13% year-over-year.
- Q2 2026 Revenues: $113.1 million, with 927 railcar deliveries.
- Operating cash flow: $12.1 million; Free cash flow: $11.3 million, up 43% YoY.
- Warrant liability reduced to $14.0 million; stockholders' equity became positive $36.2 million.
- Updated FY 2026 outlook: Revenue $410-$460 million; Adjusted EBITDA $36-$44 million.
Price Impact
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