FreightCar America Q2 revenue, adjusted core profit fall

Freightcar America

03/08/2026 21:27

Overview
US railcar maker's Q2 revenue fell yr/yr; adjusted EBITDA dropped sharply
Aftermarket revenue grew 13% yr/yr; backlog up 121% sequentially on strong order intake
Company completed second aftermarket acquisition following quarter end

Outlook
FreightCar America sees 2026 railcar deliveries of 3,500 to 3,900 units
Company expects 2026 revenue of $410 mln to $460 mln
FreightCar America forecasts 2026 adjusted EBITDA of $36 mln to $44 mln

Result Drivers
ORDER INTAKE AND BACKLOG - Co said strong order intake drove a 121% sequential increase in backlog and market share of new-railcar orders reached about 45%
DELIVERY TIMING - Co said delayed customer delivery timing reduced fixed-cost absorption and shifted some expected 2026 deliveries into 2027
AFTERMARKET GROWTH - Aftermarket revenue grew 13% yr/yr, driven by organic growth in parts and components and the contribution from a recent acquisition

Company press release: ID:nGNX3Bk7fC

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$113.14 mln
$109.92 mln (2 Analysts)
Q2 Loss Per Share
 
$0.94
 
Q2 Net Loss
 
$30.10 mln
 
Q2 Adjusted EBITDA
 
$1.20 mln
 
Q2 Gross Margin
 
5.50%
 
Q2 Gross Profit
 
$6.17 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"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."
Wall Street's median 12-month price target for FreightCar America Inc is $15.00, about 88.2% above its July 31 closing price of $7.97
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
July 31 - Universal Logistics Q2 revenue, adjusted EPS fall on lower intermodal volumes
July 31 - Paul Mueller H1 revenue rises driven by industrial equipment segment growth
Aug 3 - CNH raises annual profit forecast on improving construction equipment demand

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.)