FreightCar America, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 07, 2023 at 04:15 pm EDT
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FreightCar America, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 88.6 million compared to USD 56.79 million a year ago. Net loss was USD 18.89 million compared to net income of USD 14.54 million a year ago. Basic loss per share from continuing operations was USD 0.73 compared to basic earnings per share from continuing operations of USD 0.58 a year ago. Diluted loss per share from continuing operations was USD 0.73 compared to diluted earnings per share from continuing operations of USD 0.58 a year ago.
For the six months, sales was USD 169.6 million compared to USD 150.02 million a year ago. Net loss was USD 23.93 million compared to USD 11.31 million a year ago. Basic loss per share from continuing operations was USD 0.93 compared to USD 0.47 a year ago. Diluted loss per share from continuing operations was USD 0.93 compared to USD 0.47 a year ago.
FreightCar America, Inc. is a diversified manufacturer of railcars and railcar components. The Company designs and manufactures a broad variety of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including box cars, open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars. The Company offers Versaflood II, open top hoppers in all steel and hybrid configurations (aluminum/stainless steel) with a patented automatic door system; 52 and 66 mill gondolas in multiple cubic capacities; rotary and non-rotary aggregate gondolas; triple hoppers in all steel and hybrid configurations; intermodal flats (including single unit, 2 unit and 3 unit, 53 well cars) and non-intermodal flat cars including 64 - 89 length for general purpose, steel slab (hot and cold), and bulkhead flats. It offers covered hopper railcar product offerings encompass a wide range of cubic foot (CF) capacity designs.
FREIGHTCAR AMERICA, INC. 
