The 33% revenue decline and flat adjusted EPS vs consensus suggest persistent demand softness. Watch for future order activity and backlog conversion rates; reaffirmed guidance provides some support but does not offset the quarterly miss. Monitor tariff developments and railcar replacement cycle catalysts.
Price Chart
Executive Summary
FreightCar America reported Q1 2026 revenue of $64.3M, down 33% YoY, with adjusted EPS of $(0.04) in line with consensus. Despite reaffirmed full-year guidance, the sharp revenue decline and weaker operational metrics point to continued industry headwinds.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $64.3M, down 33% from $96.3M in Q1 2025
- Adjusted EPS $(0.04) exactly in line with consensus estimate $(0.04)
- GAAP diluted EPS $1.15 driven by $49.1M non-cash warrant gain
- Gross margin improved to 16.8% from 14.9%, but gross profit fell to $10.8M
- Adjusted EBITDA $3.2M (margin 4.9%) vs $6.4M (margin 6.7%) a year ago
- Backlog grew 14% sequentially to 2,058 units valued at $156M
- Aftermarket revenue grew 86% YoY (dollar amount not disclosed)
- Full-year 2026 guidance reaffirmed: 4,000-4,500 deliveries, revenue $500-550M, Adj. EBITDA $41-50M
Financial Impact
Revenue declined $32M YoY; adjusted net loss of $(479k) vs adjusted net income of $1.6M in prior year
Risk Factors
- Continued weak railcar demand and customer ordering delays
- Tariff and trade policy uncertainty impacting raw material costs and customer sentiment
- Potential downward revision to full-year guidance if Q1 trend persists
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001320854-26-000009 |
| Document: 0001320854-26-000009-index.html | 0001320854-26-000009 |
| Document: 0001320854-26-000009.txt | 0001320854-26-000009 |
| 8-K Data (Synthetic) | 0001320854-26-000009 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $4.40 | awaiting T+5 | — | $4.47 (−1.59%) |
Oct 20, 2026 7d ago | Press Release | $4.12 | awaiting T+5 | — | $4.47 (+8.50%) |
Oct 19, 2026 8d ago | 8-K | $4.02 $4.47 | ▼ −11.33% | ▼ −11.25% | $4.47 (−11.33%) |
Oct 19, 2026 8d ago | Press Release | $4.02 $4.48 | ▼ −11.44% | ▼ −11.42% | $4.47 (−11.19%) |
Oct 16, 2026 11d ago | SC 13D/A | $5.85 $4.40 | ▼ −24.79% | ▼ −24.64% | $4.47 (−23.59%) |
Oct 15, 2026 12d ago | 8-K | $5.92 $4.23 | ▼ −28.55% | ▼ −28.12% | $4.47 (−24.49%) |
Aug 3, 2026 12w ago | Press Release | $8.54 $7.70 | ▼ −9.84% | ▼ −9.74% | $4.47 (−47.66%) |
Jun 16, 2026 19w ago | 8-K | $8.79 $9.26 | ▲ +5.35% | ▲ +7.58% | $4.47 (−49.15%) |
May 4, 2026 25w ago | 8-K | $7.72 $8.37 | ▼ −8.42% | ▼ −6.44% | $4.47 (+42.10%) |
May 4, 2026 25w ago | Press Release | $7.72 $8.37 | ▼ −8.42% | ▼ −6.44% | $4.47 (+42.10%) |
US Market Status
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