Freightcar America ( (RAIL) ) has provided an update.
FreightCar America reported a strong financial performance for the fourth quarter and full year 2024, with a 56% increase in revenue and a 60% rise in gross profit. The company generated $45 million in operating cash flow and $22 million in adjusted free cash flow for the year. Looking ahead to 2025, FreightCar America projects sequential growth in deliveries, revenue, and adjusted EBITDA, with an expected revenue range of $530 million to $595 million and railcar deliveries between 4,500 and 4,900 units. The company has also entered the tank car space with a significant multi-year conversion order, enhancing its market position.
More about Freightcar America
FreightCar America, headquartered in Chicago, Illinois, is a leading designer, producer, and supplier of railroad freight cars, railcar parts, and components. The company also specializes in railcar repairs, complete railcar rebody services, and railcar conversions, playing a crucial role in the North American supply chain since 1901.
YTD Price Performance: -31.87%
Average Trading Volume: 201,727
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $123.9M
For an in-depth examination of RAIL stock, go to TipRanks’ Stock Analysis page.
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