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, Inc. to Release Fourth Quarter and Full Year 2020 Results on March 24, 2021
March 10, 2021 07:00 ET | Source: FreightCar America, Inc. FreightCar America, Inc. Chicago, Illinois, UNITED STATES
CHICAGO, March 10, 2021 (GLOBE NEWSWIRE) FreightCar America, Inc. (Nasdaq: RAIL) will host a conference call and live webcast on Wednesday, March 24, 2021 at 11:00 a.m. (Eastern Daylight Time) to discuss the Company’s fourth quarter and full year 2020 financial results. The Company’s earnings release for the fourth quarter and full year 2020 will be issued before the market opens on Wednesday, March 24, 2021 and will be available on the Investor Relations page of the Company’s website at www.freightcaramerica.com.