Freightcar America ( (RAIL) ) has released its Q4 earnings. Here is a breakdown of the information Freightcar America presented to its investors.
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FreightCar America, headquartered in Chicago, Illinois, is a prominent manufacturer and supplier of railroad freight cars, railcar parts, and components, with a specialization in railcar repairs and conversions. The company plays a vital role in the North American supply chain, offering quality railcars since 1901.
FreightCar America reported a strong financial performance for the fourth quarter and full year of 2024, with significant increases in revenue and gross profit. The company also generated substantial operating cash flow and adjusted free cash flow, reflecting its strategic initiatives and operational efficiency.
Key highlights from the report include a 56% increase in full-year revenue and a 60% rise in gross profit. The company achieved an adjusted EBITDA of $43 million, marking a 114% increase from the previous year. Additionally, FreightCar America entered the tank car space with a significant multi-year conversion order and optimized its balance sheet through lower-cost refinancing.
Looking ahead, FreightCar America projects growth in deliveries, revenue, and adjusted EBITDA for 2025. The company aims to solidify its market position, enhance cash generation, and continue delivering profitable growth, supported by a stronger market presence and optimized capital structure.