Overview
FreightCar America Q3 revenue grows 42% yr/yr, slightly beating analyst expectations
Adjusted EBITDA for Q3 beats estimates, reflecting operational efficiency
Company reaffirms full-year Adjusted EBITDA guidance
Outlook
FreightCar America expects fiscal 2025 revenue between $500 mln and $530 mln
Company forecasts fiscal 2025 railcar deliveries of 4,500 to 4,900 units
FreightCar America reaffirms full-year adjusted EBITDA guidance of $43 mln to $49 mln
Result Drivers
RAILCAR DELIVERIES - Revenue growth driven by increased railcar deliveries, with 1,304 units delivered compared to 961 units in the prior year
PRODUCTION EFFICIENCY - Improved production efficiency at new facility contributed to record Adjusted EBITDA
PRODUCT MIX - Gross margin expansion attributed to favorable product mix and manufacturing flexibility
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$160.51 mln
$159.10 mln (3 Analysts)
Q3 EPS
-$0.23
Q3 Net Income
-$7.45 mln
Q3 Adjusted EBITDA
Beat
$17 mln
$13.40 mln (3 Analysts)
Q3 Gross Margin
15.10%
Q3 Gross Profit
$24.21 mln
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
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 $13.00, about 34.8% above its November 7 closing price of $8.48
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 16 three months ago
Press Release: ID:nGNX59Ztly
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)