Quarterly ResultAug 3, 2026, 04:18 PM
FreightCar America Q2 Backlog +121% to $344M; Adj. EPS $(0.02)
AI Summary
FreightCar America reported Q2 2026 results with revenues of $113.1 million and an adjusted net loss of $(0.02) per diluted share. Despite a net loss driven by a non-cash warrant liability adjustment, the company achieved exceptional order intake, increasing its backlog by 121% sequentially to $344 million. Aftermarket revenues grew 13% year over year, and a second aftermarket acquisition was completed, alongside a workforce realignment expected to yield $12 million in annual savings. The company updated its FY 2026 outlook, reflecting a shift in new railcar delivery timing but anticipating stronger results in the second half.
Key Highlights
- Backlog value increased 121% sequentially to $344 million, representing 3,972 units.
- Reported Q2 2026 revenues of $113.1 million, compared to $118.6 million in Q2 2025.
- Adjusted net loss was $(0.02) per diluted share, compared to adjusted net income of $0.11 YoY.
- Aftermarket revenues grew 13% year over year, and a second aftermarket acquisition was completed.
- Generated $11.3 million in free cash flow, up 43% year over year.
- Updated FY 2026 outlook: revenue $410-$460 million, Adjusted EBITDA $36-$44 million.
- Workforce realignment is expected to generate $12 million in annualized structural savings.
- Warrant liability reduced to $14.0 million from $119.4 million, resulting in positive stockholders’ equity of $36.2 million.
Price Impact
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