FreightCar America Q1 revenue falls 33%, misses estimates

Freightcar America

04/05/2026 21:35

Overview

U.S. railcar maker's Q1 revenue declined and missed analyst expectations

Adjusted EBITDA for Q1 missed analyst expectations

Company achieved highest quarterly gross margin in over a decade, driven by aftermarket growth

Outlook

FreightCar America reaffirms 2026 railcar deliveries guidance of 4,000-4,500 units

Company maintains 2026 revenue outlook of $500-$550 mln

FreightCar America expects continued growth in its aftermarket program and tank car retrofit program remains on track

Result Drivers

AFTERMARKET GROWTH - Co said aftermarket parts revenue grew 86% in Q1, contributing to higher gross margin

PRODUCTIVITY IMPROVEMENTS - Co cited new efficiencies and operational flexibility as supporting margin expansion

BACKLOG GROWTH - Sequential backlog grew 14%, with a diversified mix of railcar conversion programs and new builds

Company press release: ID:nGNX7Jm4KC

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$64.31 mln
$85.43 mln (3 Analysts)
Q1 EPS
$1.15
Q1 Net Income
$41.65 mln
Q1 Adjusted EBITDA
Miss
$3.20 mln
$6.88 mln (3 Analysts)
Q1 Gross Margin
17.00%
Q1 Gross Profit
$10.81 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for FreightCar America Inc is $16.00, about 92.8% above its May 1 closing price of $8.30

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)