Last $24.10 USD
Change Today -0.95 / -3.79%
Volume 78.0K
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freightcar america inc (RAIL) Snapshot

Open
$25.14
Previous Close
$25.05
Day High
$25.15
Day Low
$23.92
52 Week High
09/19/14 - $37.48
52 Week Low
08/1/14 - $21.02
Market Cap
290.8M
Average Volume 10 Days
136.7K
EPS TTM
$-0.47
Shares Outstanding
12.1M
EX-Date
11/19/14
P/E TM
--
Dividend
$0.24
Dividend Yield
1.00%
Current Stock Chart for FREIGHTCAR AMERICA INC (RAIL)

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freightcar america inc (RAIL) Details

FreightCar America, Inc., through its subsidiaries, designs, manufactures, and sells aluminum-bodied and steel-bodied railcars that transport various non-liquid products in North America, Latin America, and the Middle East. It operates in two segments, Manufacturing and Services. The company offers coal cars, bulk commodity cars, flat cars, mill gondola cars, intermodal cars, coil steel cars, and motor vehicle carriers. It also refurbishes and rebuilds railcars; and sells forged, cast, and fabricated parts for various railcars. In addition, the company provides general railcar repair and maintenance, inspections, and railcar fleet management services for various types of freight-carrying railcars; and leases freight cars. The company also exports its manufactured railcars to Latin America and the Middle East. Its customers primarily include railroads, financial institutions, and shippers. The company was founded in 1901 and is headquartered in Chicago, Illinois.

819 Employees
Last Reported Date: 03/14/14
Founded in 1901

freightcar america inc (RAIL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $353.3K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: $125.0K
General Counsel and Secretary
Total Annual Compensation: $289.8K
Senior Vice President of Human Resources
Total Annual Compensation: $248.7K
Senior Vice President of Marketing & Sales
Total Annual Compensation: $275.6K
Compensation as of Fiscal Year 2013.

freightcar america inc (RAIL) Key Developments

Freightcar America, Inc. Announces Expansion of Production Capacity at Shoals Facility in Alabama

FreightCar America Inc. is expanding its presence in the Shoals region of Alabama through the $10 million expansion to add an additional production line to meet growing demand for the company’s new types of railcars. As the company increases production, it will add an additional 150 to 200 jobs beyond its current employment base of approximately 500 employees. When fully operational in the second quarter of 2015, the facility will have the capacity to build approximately 6,000 to 8,000 railcars per year. With the $10 million additional capital investment, FreightCar America’s total investment in the Shoals facility will approximate $33 million. The new production line will increase FreightCar America’s sublease of Navistar Inc.'s Cherokee, Alabama manufacturing facility to approximately one-third of the entire facility. Completed in 2008, the production facility was designed to efficiently build a wide variety of railcar types. FreightCar America has subleased a portion of the facility since the beginning of 2013, with production commencing in July of 2013.

FreightCar America Inc. Declares Regular Cash Dividend, Payable on November 26, 2014

The directors of FreightCar America Inc. have declared a regular cash dividend of $0.06 per share of common stock of the Company. The dividend is payable on November 26, 2014, to shareholders of record at the close of business on November 21, 2014.

FreightCar America Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Production Results for the Third Quarter Ended September 30, 2014; Provides Production Guidance for the Full Year of 2014; Provides Capital Expenditure Guidance for the Second Quarter of 2015

FreightCar America Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $190,280,000 against $75,946,000 a year ago. Operating income was $11,317,000 against operating loss of $946,000 a year ago. Income before income taxes was $11,040,000 against loss of $1,169,000 a year ago. Net income was $6,432,000 or $0.53 basic and diluted net income per share against net loss of $926,000 or $0.08 basic and diluted net loss per share a year ago. During the quarter, the company spent $2.6 million primarily for the purchase of equipment at its Shoals facility. For the nine months, revenues of $386,054,000 against $210,670,000 a year ago. Operating income was $2,156,000 against operating loss of $5,953,000 a year ago. Income before income taxes was $1,350,000 against loss of $6,375,000 a year ago. Net income was $1,098,000 or $0.09 basic and diluted net income per share against net loss of $7,008,000 or $0.59 basic and diluted net loss per share a year ago. Net cash flows used in operating activities was $108,341,000 against $59,744,000 a year ago. Purchases of property, plant and equipment was $8,248,000 against $16,282,000 a year ago. For the third quarter, the company delivered 2,354 railcars, which included 1,554 new and 800 rebuilt railcars. This compares to 937 railcars delivered in the third quarter of 2013, which included 194 new and 743 rebuilt railcars. There were 1,635 railcars delivered in the second quarter of 2014, which included 835 new and 800 rebuilt railcars. Total manufacturing backlog was 13,514 units at September 30, 2014, compared to 7,129 units at September 30, 2013, and 8,493 units at June 30, 2014. Non-coal cars comprised 8,914 units, or 66%, of the total backlog at September 30, 2014, compared to 2,518 units at September 30, 2013, and 4,745 units at June 30, 2014. For the full year of 2014, the company continues to expect to deliver approximately 7,000 railcars for the full year 2014. For the second quarter of 2015, the total capital the company expects to invest for the expansion will be approximately $10 million.

 

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