According to Benzinga Pro, during Q2, FreightCar America (NASDAQ: RAIL ) earned $14.54 million, a 156.25% increase from the preceding quarter. FreightCar America''s sales decreased to $56.79 million, a 39.09% change since Q1. FreightCar America collected $93.24 million in revenue during Q1, but reported earnings showed a $25.85 million loss. What Is ROCE? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company''s ROCE. A higher ROCE is generally representative of successful growth of … Full story available on Benzinga.com
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FreightCar America, Inc. (NASDAQ:NASDAQ:RAIL) Q2 2022 Earnings Conference Call August 09, 2022 11:00 AM ET Company Participants Stephen Poe - Investor Relations Jim Meyer - President and…
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FreightCar America (NASDAQ: RAIL ) reported its Q2 earnings results on Monday, August 8, 2022 at 04:00 PM. Here''s what investors need to know about the announcement. Earnings FreightCar America missed estimated earnings by 22.22%, reporting an EPS of $-0.11 versus … Full story available on Benzinga.com
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Gainers: GoodRx Holdings (GDRX) +54%. Freightcar America (RAIL) +17%
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FreightCar America press release (RAIL): Q2 GAAP EPS of $0.58.Revenue of $56.8M (+51.9% Y/Y).Shares +8.4%.Gross margin of 11.6% with gross profit of $6.6 million and…
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CHICAGO, July 26, 2022 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its second quarter 2022 financial results on Monday, August 8, 2022, after the market close. The conference call and live webcast will be held on Tuesday, August 9, 2022 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company’s website at www.freightcaramerica.com .
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I think FreightCar America has just posted a fairly decent quarterly result. Read more to find out how investors should approach RAIL stock.
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Gainers: Charge Enterprises (CRGE) +8%. Freightcar America (RAIL) +8%
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FreightCar America, Inc. (NASDAQ:NASDAQ:RAIL) Q1 2022 Earnings Conference Call May 10, 2022, 11:00 ET Company Participants Lisa Fortuna - Investor James Meyer - President, CEO &…
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Jupai Holdings (JP) press release: Q4 GAAP EPADS of -$1.15.Revenue of $11.05M (-26.4% Y/Y).Shares +4.26%.
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Gainers JX Luxventure Limited (NASDAQ: LLL ) shares jumped 119.5% to settle at $4.39 on Tuesday after the company announced it signed a $60 million sales agreement. Forge Global Holdings Inc. (NYSE: FRGE ) shares climbed 59.7% to close at $16.15 on Tuesday. True Global Ventures’ portfolio company Forge Global Holdings completed its business combination with Motive Capital Corp on the 22nd of March, 2022. Q&K International Group Limited (NASDAQ: QK ) gained 52.1% to settle at $2.19. Jupai Holdings Limited (NYSE: JP ) jumped 48.3% to close at $0.71. Draganfly Inc. (NASDAQ: DPRO ) rose 41.3% to settle at $2.36 after the company announced it received an order for its Medical Response and Search and Rescue Drones from Coldchain Delivery Systems for immediate deployment with Revived Soldiers Ukraine. COMSovereign Holding Corp. (NASDAQ: COMS ) surged 38.6% to close at $0.8619 in possible reaction to reports Donald Trump Jr. is launching a news aggregation app. ComSovereign has reportedly previously had business ties to Trump Jr.
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Verizon Communications Inc. (VZ) with the stream of -0.36% also noticed, India FreightCar America, Inc. (RAIL) encountered a rapid change of -3.21% in the last hour of Fridays trading session. The post Hot Stock in Focus: Verizon Communications Inc. (NYSE:VZ), FreightCar America, Inc. (NASDAQ:RAIL) appeared first on Stocks Equity .
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FreightCar America, Inc. (RAIL) with the stream of -8.01% also noticed, India Genworth Financial, Inc. (GNW) encountered a rapid change of -2.54% in the last hour of trading session. FreightCar The post Top Stock Picks for the Day: FreightCar America, Inc. (NASDAQ:RAIL), Genworth Financial, Inc. (NYSE:GNW) appeared first on Stocks Equity .
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FreightCar America, Inc. (NASDAQ:RAIL) with the stream of 11.73% also noticed, India Concord Acquisition Corp (NYSE:CND) encountered a rapid change of -1.14% in the last hour of Fridays trading session. The post Is This Just A Random Move? FreightCar America, Inc. (NASDAQ:RAIL), Concord Acquisition Corp (NYSE:CND) appeared first on Stocks Equity .
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Cohen & Company Inc. (COHN) with the stream of 85.17% also noticed, India FreightCar America, Inc. (RAIL) encountered a rapid change of 1.79% in the last hour of Thursdays trading The post Traders cant blink on this: Cohen & Company Inc. (AMEX:COHN), FreightCar America, Inc. (NASDAQ:RAIL) appeared first on Stocks Equity .
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FreightCar America, Inc. (NASDAQ:RAIL) with the stream of 2.36% also noticed, India Vale S.A. (NYSE:VALE) encountered a rapid change of -2.73% in the last hour of Thursdays trading session. FreightCar The post Stock Trending Alert: FreightCar America, Inc. (NASDAQ:RAIL), Vale S.A. (NYSE:VALE) appeared first on Stocks Equity .
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Drax increasing stake in Alabama Pellets Drax Group PLC said it will acquire an additional 20% stake in Alabama Pellets LLC for $29.7 million. That increases Draxs stake to 90% in the company that owns pellet plants in Demopolis and Aliceville. MarketWatch FreightCar America received PPP millions before closing The Muscle Shoals FreightCar America [] The post Drax increasing stake in Alabama Pellets, FreightCar America received PPP millions before closing appeared first on Business Alabama Magazine .
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After receiving loan, FreightCar America closes plant and moves manufacturing jobs to Mexico.
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FreightCar America, Inc. (NASDAQ:RAIL) with the stream of 21.45% also noticed, India JPMorgan Chase & Co. (NYSE:JPM) encountered a rapid change of 1.12% in the last hour of Thursdays trading The post Sector Declining Stock: FreightCar America, Inc. (NASDAQ:RAIL), JPMorgan Chase & Co. (NYSE:JPM) appeared first on Stocks Equity .
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With one quarter in 2021 under its belt, railcar manufacturer FreightCar America believes its new manufacturing footprint, coupled with positive market conditions, will make 2021 a good year for the company. "The year 2021 is about building momentum in support of expansion and profitable growth as we move forward. We're very pleased with how the new operation is performing … We believe that we are in a good position to start winning," FreightCar America President and CEO Jim Meyer said during his company's first-quarter earnings call Monday. FreightCar America sees a number of tailwinds that could support the company, including declining storage numbers for railcars and higher rail traffic volumes. However, steel prices are more than double the past year and are at all-time high levels, and so the company is looking to ways to mitigate costs, Meyer said. "In addition to the tight and expensive steel supply, the competitive landscape continues to be intense with manufacturers anxious to fill their factories," Meyer said. "The good news is that orders are increasing and demand recovery seems to be gaining momentum.
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Related Stocks: RAIL ,
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FreightCar America (NASDAQ: RAIL ) shares are trading lower Full story available on Benzinga.com
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(RTTNews) - FreightCar America Inc. (RAIL) reported that its net loss attributable to the company for the first quarter of 2021 widened to $38.38 million or $1.92 per share, from $16.95 million or $1.29 per share in the first quarter of 2020. The latest-quarter result included $6.7 million of restructuring charges and a $22.1 million non-cash
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CHICAGO (AP) _ Freightcar America Inc. (RAIL) on Monday reported a loss of $38.4 million in its first quarter. On a per-share basis, the Chicago-based company said it had a loss of $1.92. Losses, adjusted for non-recurring costs and restructuring costs, were 48 cents per share. The rail car maker posted revenue of $32.4 million []
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First quarter revenues up substantially year-over-year
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FreightCar America Inc (RAIL) shares closed this week 22.4% lower than it did at the end of last week. The stock is currently up 119.9% year-to-date, up 430.0% over the past 12 months, and down 60.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.0%, and the S&P 500 fell 1.3%. Trading Activity Shares traded as high as $7.25 and as low as $5.12 this week.Shares closed 4e+1% below its 52-week high and 4e+2% above its 52-week low.Trading volume this week was 13.8% lower than the 10-day average and 50.1% lower than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.7. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price lags the S&P 500 Index this week, beats it on a 1-year basis, and lags it on a 5-year basis The company's share price lags the Dow Jones Industrial Average this week, beats it on a 1-year basis, and lags it on a 5-year basis The company share price lags the performance of its peers in the Industrials industry sector this week, beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 609.9% The company's stock price performance over the past 12 months beats the peer average by 318.5%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Gainers: FreightCar America (NASDAQ:RAIL) +17%. Eastman Kodak (NYSE:KODK) +15%. FlexShopper (NASDAQ:FPAY) +14%. FuelCell Energy FCEL +13%. Mistras Group (
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New secured term loan will bolster balance sheet and provide necessary capital to drive strategic growth
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The COVID-19 pandemic, high number of railcars in storage and low rail volumes hastened FreightCar America (NASDAQ: RAIL ) decision to move all of its railcar production to Mexico. In September, FreightCar America said it would close its Shoals facility in Alabama and move all of its railcar production to the Castaños facility in Mexico by 2021. It had previously taken part in a 50-50 joint venture (JV) for the facility but it acquired the other 50% from the JV partner this fall, meaning that FreightCar America now fully owns the facility. "We must change our cost structure and we must do so quickly. We cannot afford to sustain the current level of losses and we must put quarters like this one behind us once and for all. This move gets us to where we need to be," said FreightCar America Chief Commercial Officer Matt Tonn during his company's third-quarter earnings call Tuesday. The company reported that it sustained a net loss of $40.3 million, or $3.03 per diluted share, in the third quarter of 2020 compared with a net loss of $35.7 million, or $2.83 per diluted share, a year ago.
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Kelso Technologies (NYSE:KIQ) and FreightCar America (NASDAQ:RAIL) are both small-cap transportation companies, but which is the superior stock? We will contrast the two companies based on the strength of their earnings, valuation, profitability, institutional ownership, analyst recommendations, risk and dividends. Analyst Ratings This is a breakdown of recent recommendations and price targets for Kelso Technologies […]
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FreightCar America (NASDAQ:RAIL) and Kelso Technologies (NYSE:KIQ) are both small-cap transportation companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, institutional ownership, valuation, earnings, analyst recommendations, risk and profitability. Valuation and Earnings This table compares FreightCar America and Kelso Technologies’ gross revenue, earnings per […]
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FreightCar America, Inc. (NYSE: RAIL ) anticipates improving market conditions in the second half of 2020 as it seeks to crawl out from under the pandemic-induced headwinds of 2020's first six months. "I think you're going to see an increase of some activity…across the industry" in the next several quarters, said FreightCar America President and CEO Jim Meyer during the company's second-quarter earnings call on August 11. "We anticipate converting a number of these inquiries into orders without getting into specifics." Meyer continued, "You're going to see the rest of the industry where order volume is going to remain somewhat lumpy. And a lot of it will be tied to the return of the economy…on the return of various components of the economy, post-COVID." The railcar manufacturer is seeing some "pockets of opportunity" from potential customers, such as shippers seeking to acquire a smaller number of new railcar builds, according to FreightCar Chief Commercial Officer Matt Tonn. "Looking forward to the next few quarters, we will maintain production line flexibility to quickly answer customers' needs in an ever-changing environment where railcar sites are expected to fluctuate," Tonn said. "We will also continue to take a problem-solving customer engagement approach, which includes accepting multiple small lot orders with our strategic shipper customers." Inquiry activity has also been "very positive" lately, …
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FreightCar America (NASDAQ: RAIL ) is starting to ramp up railcar production, but its executives warned that the company could see an extended downturn that includes high volumes of railcars in storage. "We are planning for a prolonged, deep down cycle, and one that requires us to make adjustments to both the direction and speed to what we have focused on over the past couple of years," said FreightCar America President and CEO Jim Meyer during the company's first-quarter earnings call on Monday. Meyer also said operations are "returning to light but meaningful production" at its Shoals facility in Alabama, with two out of four production lines already in service. A third line is in the early stages of starting up, he said. FreightCar America hasn't received any cancellation requests for ordered railcars, although the company won't be building any new railcars if there isn't a firm order behind them, Meyer said. The company is also proceeding with plans to build a manufacturing plant in Castaños, Mexico .
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A sputtering industrial economy along with precision scheduled railroading (PSR) initiatives, which are designed to improve asset utilization and drive other efficiencies, have significantly impaired demand for railcars, sending a significant number of railcars into storage. These fundamentals played out once again in railcar manufacturer and lessor FreightCar America 's (NASDAQ: RAIL ) fourth-quarter 2019 financial results. In the period, the company reported a loss of $0.75 per share, worse than analysts' expectations for a $0.59 per share loss. In the quarter, FreightCar America delivered only 439 railcars compared to 1,047 deliveries during the fourth quarter of 2018. The company's revenue was cut nearly in half at $44.9 million. FreightCar America's Key Performance Indicators The company ended 2019 with a railcar order backlog of 1,650 railcars, compared to 1,704 at the end of third quarter 2019, valued at $206 million. Since year-end, FreightCar America has received orders for an additional 300 railcars.
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‘Back to Basics’ transformational strategy has repositioned the business to compete profitably when we enter the next upturn in the cycle Finished the year with $70 million in… | February 27, 2020
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FreightWaves occasionally posts high-quality content from partner publications in the freight industry. Visit Railway Age for more great content like this. According to a report from WDBJ7 in Roanoke, Virginia, FreightCar America will soon wrap up the last of its production orders at its Roanoke facility. The news shouldn't come as a surprise, as rumors of such a move have been swirling for a couple of years now . David Benson, president of human resources, wouldn't tell WDBJ7 how many staff members were still working in Roanoke. But he said the layoffs would soon be "substantially complete." "Some employees will remain to assist with decommissioning the equipment and provide … Full story available on Benzinga.com
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Railcar manufacturer and lessor FreightCar America (NASDAQ: RAIL ) reported a $1.09 per share loss for the third quarter of 2019. This excludes a $21.5 million non-cash goodwill impairment charge and more than doubles the $0.50 per share loss the company reported in the same period of 2018. FreightCar America reported a 49% year-over-year decline in revenue to $40.7 million as railcar deliveries declined by a similar amount to 467 units (255 new cars, 212 rebuilds). The cost to make those railcars exceeded the revenue generated from their delivery as gross profit was negative by more than $5 million. FreightCar America's Key Performance Indicators The downside of the railcar manufacturing cycle has been well-documented. Significant year-over-year declines in carloads and precision scheduled railroading … Full story available on Benzinga.com
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Freightcar America (RAIL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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