Significant Revenue and Market Share Growth
FreightCar America achieved a 56% revenue growth for fiscal year 2024 and a 57% increase in market share despite a 45% decline in their addressable market.
Record Adjusted EBITDA Performance
The company delivered $43 million in adjusted EBITDA, representing a 114% increase over the prior year, with adjusted EBITDA per railcar improving by 48%.
Strong Cash Flow Generation
FreightCar America generated $45 million in cash flow for the full year and $22 million in adjusted free cash flow, marking a significant improvement in profitability.
Successful Expansion into Tank Car Segment
The company launched into the tank car segment and secured a multiyear agreement for tank car recertifications, expanding their competitive advantages.
Financial Stability and Cost Savings
Redemption of outstanding preferred shares and expansion of ABL credit facility led to approximately $9.2 million in cost savings and enhanced borrowing capacity.