FreightCar America Inc
NASDAQ:RAIL
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FreightCar America Inc
FreightCar America, Inc. engages in the manufacture of railcars and railcar components. The company is headquartered in Chicago, Illinois and currently employs 997 full-time employees. The company went IPO on 2005-04-06. The firm designs and manufactures a variety of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars. The Company’s operations comprise two operating segments Manufacturing and Parts. The Company’s Manufacturing segment includes new railcar manufacturing, used railcar sales, railcar leasing and railcar rebuilds. The firm provides forged, cast and fabricated parts for all freight car types, including open top hoppers, covered hoppers, auto carriers, gondolas, intermodal flat cars and box cars. The firm develops products, such as coil covers, forged knuckles and electronic door openers.
FreightCar America, Inc. engages in the manufacture of railcars and railcar components. The company is headquartered in Chicago, Illinois and currently employs 997 full-time employees. The company went IPO on 2005-04-06. The firm designs and manufactures a variety of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars. The Company’s operations comprise two operating segments Manufacturing and Parts. The Company’s Manufacturing segment includes new railcar manufacturing, used railcar sales, railcar leasing and railcar rebuilds. The firm provides forged, cast and fabricated parts for all freight car types, including open top hoppers, covered hoppers, auto carriers, gondolas, intermodal flat cars and box cars. The firm develops products, such as coil covers, forged knuckles and electronic door openers.
Revenue Growth: FreightCar America reported Q3 revenue of $160.5 million, up over 42% year-over-year, driven by higher production and deliveries.
Record Profitability: The company delivered its most profitable quarter since relocating to Mexico, with record adjusted EBITDA of $17 million (up 56% YoY) and a gross margin of 15.1%.
Guidance Update: Revenue guidance for the full year was lowered to $500–530 million due to product mix, but EBITDA and delivery guidance were reaffirmed.
Healthy Backlog: Backlog stands at 2,750 units, valued at about $222 million, with strong customer interest for 2026 deliveries.
Market Share Gains: FreightCar America captured over 20% of addressable new railcar orders this quarter, a significant increase over historical levels.
Industry Dynamics: The railcar industry remains below replacement demand, but management expects recovery toward normalized replacement rates in late 2026.
Strong Cash Position: The company ended the quarter with $62.7 million in cash and no borrowings, generating positive free cash flow.
