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0 0 0.0346938775510204 0.0346938775510204 0.0408163265306123 0.0448979591836734 0.020408163265306 -0.0653061224489796
Stock impact report

FreightCar America, Inc. Reports First Quarter 2022 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
First quarter 2022 revenue up 188% year-over-year and gross profit of $10.1 million Company raises railcar delivery outlook and provides revenue guidance for fiscal year 2022 CHICAGO, May 10, 2022 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (“FCA” or the “Company”) (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today reported results for the first quarter ended March 31, 2022. Business Highlights         First quarter 2022 revenue of $93.2 million, up 188% year-over-year, on deliveries of 783 railcarsGross profit of $10.1 million with gross margin of 10.8%, positive for the sixth consecutive quarterManufacturing operating income of $8.5 million, positive for the fourth consecutive quarterFirst quarter 2022 net loss of ($25.8) million, or ($1.11) per share, primarily driven by a $20.7 million non-cash charge related to the change in fair market value of warrant liability and $4.2 million of stock compensationFirst quarter 2022 Adjusted EBITDA of $3.3 milli Show less Read more
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