Business
FreightCar America, Inc. Reports First Quarter 2025 Results
Gross Profit Increased 26% with Gross Margin Expanding 780 Basis ...
About this update from Railtown Ai Technologies Inc
[{"type":"text","content":"FreightCar America, Inc. Reports First Quarter 2025 Results\n\n\n\n\n Gross\n \n\n Profit\n \n\n Increased 26%\n \n\n with\n \n\n Gross\n \n\n Margin\n \n\n Expanding\n \n\n 780\n \n\n Basis\n \n\n Points\n \n\n\n\n Generates\n \n\n Quarterly\n \n\n Operating\n \n\n Cash\n \n\n Flow\n \n\n of\n \n\n $13\n \n\n million and\n \n\n Adjusted\n \n\n Free\n \n\n Cash\n \n\n Flow\n \n\n of\n \n\n $12\n \n\n million\n \n\n\n\n Strong Order Intake Supports Reaffirmed Full Year Guidance\n \n\n\n CHICAGO, May 05, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today reported results for the first quarter ended March 31, 2025.\n \n\n\n First\n \n\n Quarter 2025\n \n\n Highlights\n \n\n\n\n Revenues of $96.3 million, consistent with expectations, decreased 40.2% from $161.1 million in the first quarter of 2024, with planned railcar deliveries of 710 units compared to 1,223 units in the prior-year period\n \n\n Gross margin of 14.9% with gross profit of $14.4 million, compared to gross margin of 7.1% with gross profit of $11.4 million in the first quarter of 2024\n \n\n Net income of $50.4 million, or $1.52 per share and Adjusted net income of $1.6 million, or $0.05 per share, primarily reflecting a $52.9 million non-cash adjustment due to change in warrant liability\n \n\n Adjusted EBITDA of $7.3 million, compared to Adjusted EBITDA of $6.1 million in the first quarter of 2024, up 20.5%\n \n\n Generated Operating Cash Flow of $12.8 million, compared to $25.3 million of cash used in the first quarter of 2024, a $38.1 million increase year over year\n \n\n Generated Adjusted Free Cash Flow of $12.5 million, compared to $30.5 million of cash used in the first quarter of 2024, a $43.0 million increase year over year\n \n\n Ended the quarter with a backlog of 3,337 units valued at $318 million\n \n\n\n\n “We continued to solidify our position as the fastest-growing railcar manufacturer in North America, driven by strong commercial execution and operational discipline. In line with our expectations for the first quarter, we achieved robust margins, once again outperforming our industry peers, reflecting our commitment to differentiated product offerings and exce...