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Company raises 2021 delivery outlook
Second consecutive quarter of positive gross margins, driven by new operating structure
CHICAGO, May 17, 2021 (GLOBE NEWSWIRE) FreightCar America, Inc. (NASDAQ: RAIL) today reported results for the first quarter ended March 31, 2021.
Business Highlights
First quarter revenue of $32.4 million, up 523% year-over-year, on deliveries of 309 railcars
Gross margin of $1.8 million, positive for the second consecutive quarter despite the operational complexities of completing the transition from Shoals to Castaños
First quarter net loss of $38.4 million, or $1.92 per share, which included $6.7 million of restructuring charges and a $22.1 million non-cash charge related to the change in fair market value of warrant liability
FreightCar America (RAIL) Reports Q1 Loss of $1 92, Revenues Miss streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Councilwoman Dalia Zygas, D-At-Large, he proposed ordinance is a response to residents asking last fall, “How can we ensure we enjoy the summer as well?”
Apr. 25—SCRANTON — The past meets the present at the new Dutchie's Subs, Pizza and Take Away that has taken over a Green Ridge neighborhood landmark. Dutchie's opened April 15 in the former Brunetti's Pizza and Deli at 1924 Sanderson Ave. and business has been brisk, said owners Jim and Carrie Mayer. "It's been going fantastic. The community has been awesome," Jim Mayer said. Brunetti's closed .