The revenue miss and operating loss indicate softening demand. Monitor Q2 delivery numbers and backlog conversion; the reaffirmed guidance may provide a floor but execution risk is high. Given historical stock underperformance, avoid chasing any post-release bounce.
Price Chart
Executive Summary
FreightCar America reported Q1 2026 revenue of $64.3M, missing consensus of $74.6M by 13.8%, and posted an operating loss compared to operating income a year ago. Adjusted EPS of -$0.04 was in line, while GAAP EPS of $1.15 was inflated by a $49.1M warrant gain. Guidance for FY2026 was reaffirmed.
Key Financial Metrics
Key Facts
- Revenue $64.3M vs consensus $74.6M (miss of 13.8%)
- Revenue declined 33.2% YoY from $96.3M
- Operating loss of $0.6M vs operating income of $3.9M YoY
- Adjusted EPS -$0.04 in line with consensus of -$0.04
- GAAP diluted EPS $1.15 driven by $49.1M warrant gain
- Gross margin improved to 16.8% from 14.9% YoY
- Backlog of 2,058 units valued at $156M, up 14% sequentially
- FY2026 guidance reaffirmed: deliveries 4,000-4,500, revenue $500-$550M, Adjusted EBITDA $41-$50M
Financial Impact
Revenue miss of $10.3M (13.8%) and operating loss of $0.6M vs income of $3.9M YoY
Risk Factors
- Continued revenue decline due to cyclical downturn in railcar demand
- Dependence on warrant gains for GAAP profitability
- Potential for further guidance cuts if backlog conversion slows
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3287162 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Press Release | $4.12 $4.30 | ▲ +4.37% | ▲ +5.55% | $4.47 (+8.62%) |
Oct 19, 2026 7d ago | 8-K | $4.02 $4.12 | ▼ −2.62% | ▼ −2.09% | $4.47 (−11.46%) |
Oct 19, 2026 7d ago | Press Release | $4.02 $4.12 | ▼ −2.49% | ▼ −1.96% | $4.47 (−11.32%) |
Oct 16, 2026 10d ago | SC 13D/A | $5.85 $4.02 | ▼ −31.37% | ▼ −31.70% | $4.47 (−23.50%) |
Oct 15, 2026 11d ago | 8-K | $5.92 $5.85 | ▼ −1.18% | ▼ −1.61% | $4.47 (−24.41%) |
Aug 3, 2026 12w ago | Press Release | $8.54 $7.91 | ▼ −7.38% | ▼ −7.18% | $4.47 (−47.60%) |
Jun 16, 2026 19w ago | 8-K | $8.79 $9.22 | ▲ +4.89% | ▲ +6.14% | $4.47 (−49.09%) |
May 4, 2026 25w ago | 8-K | $7.72 $7.72 | · 0.00% | ▲ +1.38% | $4.47 (+42.03%) |
May 4, 2026 25w ago | Press Release | $7.72 $7.72 | · 0.00% | ▲ +1.38% | $4.47 (+42.03%) |
Apr 20, 2026 27w ago | Press Release | $8.74 $8.83 | ▲ +1.03% | ▲ +0.01% | $4.47 (−48.80%) |
US Market Status
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