By Elias Schisgall
Shares of FreightCar America tumbled after the company posted lower revenue and swung to a loss in the fourth quarter.
Shares fell 23% to $9.81 in Tuesday morning trading. The stock is up 55% over the past 12 months.
The freight car manufacturer and supplier on Monday posted a loss of $16.6 million, or 52 cents a share, compared with a profit of $34.6 million, or $1.01 a share, a year earlier.
Stripping out certain one-time items, the company reported adjusted earnings of 16 cents a share. Analysts polled by FactSet were expecting 19 cents a share.
Revenue fell to $125.6 million, down from $137.7 million a year prior. Analysts were expecting $144.9 million in revenue.
The company delivered 1,172 railcar units, compared with 1,019 a year earlier.
For the current year, the company is expecting revenue of between $500 million to $550 million, representing 4.8% growth at the midpoint. It expects to deliver between 4,000 and 4,500 railcars, reflecting 3% growth at the midpoint.
Analysts are expecting $625.6 million in revenue for the year.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
March 10, 2026 10:29 ET (14:29 GMT)
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