Nov. 12 at 3:05 PM
Noble Capital Markets Research Report: FreightCar America (
$RAIL) – Third Quarter Results Exceed Expectations
Third quarter results. RAIL generated third-quarter adj. net income of
$7.8 million, or
$0.24 per share, compared to
$7.3 million, or
$0.08 per share, during the prior year period. We had forecast net income of
$5.6 million, or
$0.16 per share. Rail car deliveries were 1,304 units compared to 961 units during the prior year period. Third-quarter gross margin increased to 15.1% compared to 14.3% during the prior year period. Adjusted EBITDA increased 56.1% to
$17.0 million, representing a margin of 10.6%, compared to
$10.9 million and a margin of 9.6% in the third quarter of 2024.
Read more: https://www.channelchek.com/news-channel/freightcar-america-rail-third-quarter-results-exceed-expectations
