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Takeaways from REF 2017: Matt Elkott
Reporting on Rail Equipment Finance 2017, Cowen and Company analyst Matt Elkott notes, “Sentiment is better than last year, but we sensed this is only in small part based on…
Carbuilder consolidation might make sense: Cowen and Co.
In the current down market, a “strong case” can be made for consolidation in the freight car building sector, according to Cowen and Company analyst Matt Elkott.
FreightCar America appoints Ted Baun Chief Commercial Officer
FreightCar America, Inc. announced May 27, 2016 that its Board of Directors has appointed Theodore (Ted) W. Baun as Chief Commercial Officer, effective June 1, 2016.
"Not all misses are created equal"
“All four publicly traded railcar builders reported top-to-bottom first quarter misses, with our Outperform-rated Trinity (TRN) and Greenbrier (GBX) enjoying positive post-earnings stock reactions, while not-rated American Railcar Industries (ARII)…
FreightCar America beats EPS estimates
FreightCar America, Inc. reported on Nov. 2, 2015 third-quarter 2015 earnings per share of $0.96. This is compared to an estimate of $0.88 made by KeyBanc Capital Market Inc., and…
ARS acquires FreightCar America’s repair and maintenance services business
Appalachian Railcar Services, Inc. (ARS) announced Sept. 30, 2015 that its wholly-owned subsidiary, ARS Nebraska, LLC, has acquired all of FreightCar America, Inc.’s railcar repair and maintenance services business.
FreightCar America 4Q, full-year results shine
FreightCar America reported its fourth-quarter and full-year 2014 results Tuesday, Feb. 17, 2015, after the closing bell on Wall Street, highlighted by positive net earnings in 2013 compared with a…
FreightCar America 3Q earnings much improved
FreightCar America, Inc. reported third-quarter net income of $6.4 million, or 53 cents per diluted share, much better than the loss of $900,000, or 8 cents per diluted share, in…
Miner touts AggreGate outlets sale
Miner Enterprises Inc. said Thursday, June 12, 2014 that "a Class I railroad has selected Miner's 5-foot manual AggreGate® outlets for 54 new ballast cars currently being built by FreightCar…
FCA cites winter weather for 1Q woes
"Harsh winter weather" made the going tough for FreightCar America, Inc. during the first quarter, resulting in depressed earnings and revenue, FCA CEO Joe McNeely said during a teleconference Monday, May…
FreightCar America logs loss for 4Q, full year
FreightCar America, Inc. reported a fourth-quarter loss following the close of trading Tuesday, Feb. 18, 2014, with its rail division contributing to the shortfall. The company's fourth quarter net loss…
FreightCar America gets Saudi order
Saudi Railways Organization (SRO) has awarded FreightCar America a $67 million contract to supply 500 freight cars, including cement, cereal, limestone, and ballast hoppers.
FreightCar America reports 3Q loss
FreightCar America, Inc. reported a third-quarter loss in both revenue and earnings Wednesday, Oct. 29, 2013, driven in large measure by lower railcar deliveries, according to one Wall Street analyst.
FreightCar America marks 2Q loss
FreightCar America, Inc. recorded a net loss of $3.4 million, or a loss of 29 cents per diluted share, in the second quarter, the company said late Friday, Aug. 2,…
FreightCar America commences production in Alabama
FreightCar America, Inc. has commenced production at its new Shoals facility in Cherokee, Ala. The company sub-leased approximately 25% of the manufacturing facility from Navistar, Inc. earlier this year.
FreightCar America notes 1Q earnings loss
FreightCar America, Inc. Wednesday reported a net loss of $2.6 million, or 22 cents per diluted share, in the first quarter of 2013, on revenue of $87.6 million. That compared…
FreightCar America logs 4Q loss
FreightCar America, Inc. late Tuesday reported a net loss of $1 million, or 8 cents per diluted share, on revenue of $116.6 million in the fourth quarter, compared with net…
Andress to head manufacturing at FreightCar America
FreightCar America, Inc. early Friday said Robert S. Andress has been named vice president, manufacturing. Andress will lead the company's new car manufacturing activities at Roanoke, Va. and Danville, Ill.
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