FreightCar America (NASDAQ:RAIL) Stock

FreightCar America

FreightCar America Inc is a manufacturer of railcars and components, serving diverse transportation needs primarily in North America. The company designs and produces a wide range of railcar types, including box cars, hoppers, covered hoppers, gondolas, and flat cars for both intermodal and non-intermodal freight. Its clientele includes shippers, railroads, and financial institutions. The company has two segments: Manufacturing and Parts. The Manufacturing segment encompasses new railcar manufacturing, used railcar sales, leasing, and major rebuilds, while the Parts segment, along with corporate activities, constitutes Corporate and Other. The company's revenue is predominantly derived from its Manufacturing segment, with all revenue generated within the United States.

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Gainers


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Why FreightCar America Shares Are Trading Lower By 8%; Here Are 20 Stocks Moving Premarket

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The Dow Jones closed higher by over 100 points on Tuesday. Investors, meanwhile, focused on some notable insider trades.

When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

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FreightCar America Inc

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<h3>Gainers</h3>
<ul>
<li>Innovate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VATE#NYSE">VATE</a>) stock increased by 41.9% to $7.25 during Tuesday's pre-market session. The company's market cap stands at $96.1 million. </li>
<li>OceanPal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OP#NASDAQ">OP</a>) shares increased by 10.65% to $1.35. The market value of their outstanding shares is at $10.1 million. </li>
<li>Sidus Space (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIDU#NASDAQ">SIDU</a>) stock rose 10.03% to $2.85. The market value of their outstanding shares is at $40.9 million. </li>
<li>Freightos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGO#NASDAQ">CRGO</a>) shares moved upwards by 8.92% to $4.27. The company's market cap stands at $210.7 million. </li>
<li>Satellogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATL#NASDAQ">SATL</a>) shares increased by 8.62% to $3.15. The market value of their outstanding shares is at $301.7 million. </li>
<li>Rocket Lab USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) stock moved upwards by 8.58% to $26.06. The company's market cap stands at $11.6 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>FTAI Aviation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) stock decreased by 23.0% to $86.5 during Tuesday's pre-market session. The company's market cap stands at $8.8 billion. </li>
<li>ATIF Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBAI#NASDAQ">ZBAI</a>) shares declined by 10.56% to $1.61. The company's market cap stands at $19.1 million. </li>
<li>FreightCar America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAIL#NASDAQ">RAIL</a>) stock declined by 10.05% to $11.13. The market value of their outstanding shares is at $210.2 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) shares decreased by 7.38% to $0.41. The company's market cap stands at $50.9 million. </li>
<li>BioNexus Gene Lab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGLC#NASDAQ">BGLC</a>) stock declined by 7.29% to $0.35. The market value of their outstanding shares is at $6.2 million. </li>
<li>Multi Ways Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MWG#AMEX">MWG</a>) stock declined by 5.58% to $0.27. The market value of their outstanding shares is at $8.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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New financing arrangement reduces Company's cost of capital by approximately 40%
Further enhances financial flexibility, cash generation and ability to support growth strategy
CHICAGO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAIL#NASDAQ">RAIL</a>) ("FreightCar America" or the "Company"), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced it has completed a new term loan facility. The proceeds from the term loan will be used to redeem all outstanding shares of Series C Preferred Stock, as well as settle all related accrued dividends.
Highlights:
<ul>
<li>The Company closed a $115 million 4-year term loan agreement on December 31st, 2024 (the "Term Loan").</li>
<li>Proceeds from the Term Loan were used to redeem all 85,412 shares of Series C Preferred Stock that were outstanding and all accrued dividends as of December 31st, 2024.</li>
<li>The Term Loan is priced at SOFR + 600, which will reduce the Company's existing cost of capital by approximately 40%, resulting in savings of approximately $9.2 million in the first year, or approximately $0.26 per share on a fully diluted basis.</li>
</ul>

Financing

FreightCar America Announces Agreement To Redeem All Outstanding Preferred Shares With New Term Loan; New Financing Arrangement Reduces Company's Cost Of Capital By ~40%

FreightCar America Receives Nasdaq Notification For Non-Compliance With Compensation Committee Charter Requirements

<h3>Gainers</h3>
<ul>
<li>Triumph Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGI#NYSE">TGI</a>) shares increased by 21.7% to $19.8 during Tuesday's pre-market session. The company's market cap stands at $1.5 billion. The company's, Q2 earnings came out today. </li>
<li>Bridger Aerospace Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAER#NASDAQ">BAER</a>) shares moved upwards by 17.14% to $4.1. The company's market cap stands at $217.9 million. The company's, Q3 earnings came out yesterday. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) shares rose 13.23% to $0.28. The market value of their outstanding shares is at $8.2 million. </li>
<li>Alight (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALIT#NYSE">ALIT</a>) stock increased by 12.6% to $8.4. The market value of their outstanding shares is at $4.4 billion. As per the press release, Q3 earnings came out today. </li>
<li>Agrify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGFY#NASDAQ">AGFY</a>) shares increased by 12.21% to $5.42. The market value of their outstanding shares is at $7.2 million. </li>
<li>Amprius Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NYSE">AMPX</a>) shares rose 10.2% to $2.7. The company's market cap stands at $285.7 million. As per the press release, Q3 earnings came out 3 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) shares declined by 26.3% to $15.75 during Tuesday's pre-market session. The company's market cap stands at $69.6 million. The company's, Q3 earnings came out yesterday. </li>
<li>Clean Energy Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETY#NASDAQ">CETY</a>) shares decreased by 20.96% to $0.83. The company's market cap stands at $36.9 million. </li>
<li>FreightCar America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAIL#NASDAQ">RAIL</a>) shares fell 19.8% to $12.6. The company's market cap stands at $237.8 million. As per the press release, Q3 earnings came out today. </li>
<li>Founder Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGL#NASDAQ">FGL</a>) stock decreased by 11.74% to $1.58. The company's market cap stands at $26.7 million. </li>
<li>Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) shares decreased by 10.98% to $3.0. The company's market cap stands at $919.5 million. As per the news, the Q3 earnings report came out today. </li>
<li>Northann (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NCL#AMEX">NCL</a>) stock declined by 10.59% to $0.35. The market value of their outstanding shares is at $10.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Freightcar America shares are trading lower after the company reported worse-than-expected Q3 sales results.

Freightcar America Raises FY24 Adjusted EBITDA Outlook To $37M-$39M (Prior View: $35M-$39M), Reiterates FY24 Sales Outlook To $560M-$600M

FreightCar America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAIL#NASDAQ">RAIL</a>) reported quarterly earnings of $0.08 per share which met the analyst consensus estimate. The company reported quarterly sales of $113.255 million which missed the analyst consensus estimate of $137.826 million by 17.83 percent. This is a 82.98 percent increase over sales of $61.894 million the same period last year.

Earnings Misses

FreightCar America Q3 2024 Adj. EPS $0.08, Inline, Sales $113.255M Miss $137.826M Estimate

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Earnings Scheduled For November 12, 2024

<h3>Gainers</h3>
<ul>
<li>Intelligent Living (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILAG#NASDAQ">ILAG</a>) stock moved upwards by 9.6% to $1.14 during Friday's after-market session. The company's market cap stands at $20.5 million. </li>
<li>Hyperscale Data (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GPUS#AMEX">GPUS</a>) stock moved upwards by 5.59% to $0.21. The company's market cap stands at $8.0 million. </li>
<li>AgEagle Aerial Sys (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#AMEX">UAVS</a>) shares rose 3.48% to $2.67. The company's market cap stands at $2.2 million. </li>
<li>Ryde Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#AMEX">RYDE</a>) stock increased by 3.41% to $0.57. The market value of their outstanding shares is at $14.9 million. </li>
<li>GrafTech International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>) stock increased by 3.2% to $1.93. The market value of their outstanding shares is at $496.3 million. </li>
<li>Hyzon Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) shares rose 2.31% to $1.77. The company's market cap stands at $9.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Vast Renewables (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTE#NASDAQ">VSTE</a>) shares declined by 12.9% to $4.34 during Friday's after-market session. The company's market cap stands at $130.0 million. </li>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) stock decreased by 12.39% to $0.1. The market value of their outstanding shares is at $3.1 million. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) shares decreased by 10.67% to $0.41. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) shares fell 4.62% to $0.82. The company's market cap stands at $12.1 million. </li>
<li>Eshallgo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHGO#NASDAQ">EHGO</a>) shares declined by 4.11% to $3.5. The market value of their outstanding shares is at $76.0 million. </li>
<li>FreightCar America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAIL#NASDAQ">RAIL</a>) shares fell 3.69% to $13.17. The company's market cap stands at $248.4 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Friday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Microvast Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>) shares increased by 5.0% to $0.23 during Wednesday's after-market session. The company's market cap stands at $71.7 million. </li>
<li>Caravelle Intl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCO#NASDAQ">HTCO</a>) stock moved upwards by 4.92% to $0.58. The market value of their outstanding shares is at $32.1 million. </li>
<li>TPI Composites (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPIC#NASDAQ">TPIC</a>) stock rose 4.79% to $4.59. The company's market cap stands at $218.2 million. </li>
<li>Smart Powerr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREG#NASDAQ">CREG</a>) stock increased by 4.62% to $0.78. The market value of their outstanding shares is at $6.8 million. </li>
<li>FreightCar America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAIL#NASDAQ">RAIL</a>) stock moved upwards by 4.14% to $12.36. The company's market cap stands at $233.3 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) stock moved upwards by 3.95% to $0.14. The company's market cap stands at $10.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Momentus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) stock fell 11.4% to $0.93 during Wednesday's after-market session. The market value of their outstanding shares is at $23.7 million. </li>
<li>Lavoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVRO#NASDAQ">LVRO</a>) shares decreased by 7.26% to $3.71. The market value of their outstanding shares is at $432.6 million. </li>
<li>SolarMax Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) shares declined by 5.29% to $0.89. The company's market cap stands at $40.0 million. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) stock decreased by 5.09% to $1.12. The market value of their outstanding shares is at $4.7 million. </li>
<li>Knightscope (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSCP#NASDAQ">KSCP</a>) stock fell 4.92% to $5.61. The company's market cap stands at $17.1 million. </li>
<li>ZTO Express (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) stock decreased by 3.8% to $24.58. The market value of their outstanding shares is at $19.7 billion. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Wednesday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Safe Pro Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPAI#NASDAQ">SPAI</a>) shares rose 15517.9% to $663.76 during Monday's after-market session. The market value of their outstanding shares is at $9.1 billion. </li>
<li>Turbo Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TURB#NASDAQ">TURB</a>) shares increased by 11.15% to $1.42. The market value of their outstanding shares is at $15.6 million. </li>
<li>Shoals Technologies Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHLS#NASDAQ">SHLS</a>) stock increased by 10.38% to $5.95. The company's market cap stands at $991.5 million. </li>
<li>Hydrofarm Holdings Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYFM#NASDAQ">HYFM</a>) stock moved upwards by 9.07% to $0.47. The company's market cap stands at $21.8 million. </li>
<li>Multi Ways Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MWG#AMEX">MWG</a>) stock moved upwards by 7.5% to $0.51. The market value of their outstanding shares is at $16.5 million. </li>
<li>Ault Alliance (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AULT#AMEX">AULT</a>) shares increased by 5.05% to $0.21. The market value of their outstanding shares is at $8.0 million. The company's, Q2 earnings came out 4 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>ConnectM Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTM#NASDAQ">CNTM</a>) shares fell 5.9% to $0.83 during Monday's after-market session. The market value of their outstanding shares is at $17.5 million. </li>
<li>ShiftPixy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIXY#NASDAQ">PIXY</a>) stock declined by 5.01% to $1.14. The company's market cap stands at $8.5 million. </li>
<li>FreightCar America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAIL#NASDAQ">RAIL</a>) stock decreased by 4.95% to $6.73. The company's market cap stands at $127.0 million. </li>
<li>Antelope Ent Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) stock fell 4.71% to $2.23. The company's market cap stands at $27.1 million. </li>
<li>New Horizon Aircraft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOVR#NASDAQ">HOVR</a>) shares declined by 4.35% to $0.95. The company's market cap stands at $20.3 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) shares fell 4.29% to $0.14. The market value of their outstanding shares is at $10.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Monday's After-Market Session

Freightcar America shares are trading higher after the company reported better-than-expected Q2 sales results.

Guidance

Freightcar America Sees FY24 Revenue $560M-$600M Vs $550.600M Est.

FreightCar America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAIL#NASDAQ">RAIL</a>) reported quarterly earnings of $0.05 per share which met the analyst consensus estimate. The company reported quarterly sales of $147.416 million which beat the analyst consensus estimate of $127.100 million by 15.98 percent. This is a 66.39 percent increase over sales of $88.596 million the same period last year.

Earnings Beats

FreightCar America Q2 2024 Adj. EPS $0.05, Inline, Sales $147.416M Beat $127.100M Estimate

<ul>
<li>New agreement leverages FreightCar America's capabilities by adding tank car conversions to diversified offerings</li>
<li>Optimized production capacity at state-of-the-art manufacturing campus supporting large-scale multi-year projects</li>
<li>Each tank car will be upgraded to meet the latest federally mandated advancements, ensuring optimal safety, efficiency, and performance &nbsp;</li>
</ul>
CHICAGO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAIL#NASDAQ">RAIL</a>) ("FreightCar America" or the "Company"), a pure-play manufacturer of high-quality railcars with a legacy of 120+ years, proudly announces that it has entered into a multi-year agreement to convert tank cars to upgraded specifications. The Company's storied history includes a strong foundation including deliveries of over 15,000 conversions and rebodied railcars that have paved the way for this landmark agreement. This expansion into tank car conversions marks a key milestone in the Company's ongoing efforts to diversify its product offerings while continuing to support its legacy and meet customer needs.
The scope of this agreement includes the upgrade of over 1,000 existing DOT 111 tank cars to DOT 117R tank cars over a two-year period. The completed tank cars will receive new exterior tank jacket, thermal protection, full height head shields, top fittings protection and upgraded bottom outlet valves. As part of a federally mandated program, all tank cars transporting certain hazardous and flammable liquids must be upgraded by 2029. This demonstrates the Company's capability as a reliable partner in large-scale projects, while underscoring the Company's commitment to meeting the evolving needs of the rail transportation market and solidifying its position as a key player in the industry.

Contracts

FreightCar America Expands Into Tank Cars Securing Multi-Year Order; Agreement Includes The Upgrade Of Over 1,000 Existing Dot 111 Tank Cars To Dot 117R Tank Cars Over A 2-Year Period

FreightCar America Reaffirms FY24 Revenue Guidance $520M-$572M

FreightCar America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAIL#NASDAQ">RAIL</a>) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $0.01 by 100 percent. This is a 109.52 percent increase over losses of $(0.21) per share from the same period last year. The company reported quarterly sales of $161.058 million which beat the analyst consensus estimate of $149.700 million by 7.59 percent. This is a 98.84 percent increase over sales of $80.999 million the same period last year.

FreightCar America Q1 2024 Adj EPS $0.02 Beats $0.01 Estimate, Sales $161.058M Beat $149.700M Estimate

FreightCar America shares are trading higher after the company reported worse-than-expected Q4 earnings but issued strong guidance.

FreightCar America Expects FY24 Revenue Of $520M-$572M, Est $483.8M; Railcar Deliveries Of 4,000-4,400 Railcars

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