FreightCar America, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 28, 2023 at 01:51 am IST
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FreightCar America, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 128.99 million compared to USD 75.02 million a year ago. Net loss was USD 9.73 million compared to net income of USD 1.17 million a year ago. Basic loss per share from continuing operations was USD 0.37 compared to basic earnings per share from continuing operations of USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.37 compared to diluted earnings per share from continuing operations of USD 0.06 a year ago.
For the full year, the company reported sales was USD 364.75 million compared to USD 203.05 million a year ago. Net loss was USD 38.85 million compared to USD 41.45 million a year ago. Basic loss per share from continuing operations was USD 1.56 compared to USD 2 a year ago. Diluted loss per share from continuing operations was USD 1.56 compared to USD 2 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. 
