FreightCar America Reports Q3 2026 Results with Declining Revenue and Railcar Deliveries
FreightCar America (RAIL) reported a significant decline in third-quarter 2026 revenue, totaling $76.5 million compared to $160.5 million in the same period last year. This drop was primarily driven by lower railcar delivery volumes, with only 662 units delivered versus 1,304 units a year prior. The company also reported an adjusted net loss of $9.5 million ($0.28 per share), down from an adjusted net income of $7.8 million in the previous year. Despite manufacturing headwinds, the company saw strong performance in its aftermarket segment, which grew 65% year-over-year to $10.8 million due to organic parts growth and recent acquisitions. Additionally, backlog value rose 28% to $284.5 million, and nine-month order intake has already exceeded full-year 2025 volumes by over 50%. Management reaffirmed its full-year 2026 revenue guidance of $370 million to $410 million.