FreightCar America Third Quarter 2024 Earnings: US$3.41 loss per share (vs US$0.03 loss in 3Q 2023)

FreightCar America (NASDAQ:RAIL) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$113.3m (up 83% from 3Q 2023).
• Net loss: US$107.0m (loss widened by US$106.2m from 3Q 2023).
• US$3.41 loss per share (further deteriorated from US$0.03 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

FreightCar America Earnings Insights

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are down 29% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with FreightCar America (at least 2 which are significant), and understanding them should be part of your investment process.

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