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Stock impact report

FreightCar America, Inc. Reports First Quarter 2019 Results

Freightcar America, Inc. (RAIL) 
Last freightcar america, inc. earnings: 2/26 08:06 pm Check Earnings Report
US:NASDAQ Investor Relations: freightcaramerica.com
Company Research Source: GlobeNewswire
Company continues to execute its ‘Back to Basics’ initiatives; reaffirms full-year delivery and material cost savings guidance; product development now a top priority CHICAGO, May 01, 2019 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) today reported results for the first quarter ended March 31, 2019. Business Highlights First quarter revenue of $70.7 million on deliveries of 641 unitsFirst quarter net loss of $14.0 million, or $1.12 per diluted shareTotal cash, cash equivalents, restricted cash equivalents, marketable securities and restricted certificates of deposit of $68.7 million at March 31, 2019, essentially unchanged from the prior quarterBacklog now totals 1,752 railcars with an aggregate value of approximately $152 millionCompany reaffirms guidance to deliver between 2,500 and 3,500 railcars and achieve additional material cost savings of between $2,000 and $3,000 per railcar, on a run-rate basis, excluding commodity price movements, by the end of 2019 "We Show less Read more
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