Freightcar America(DE:FAR)
€4.34+0.42 (+16.04%)
DE:FAR
Freightcar America earnings date
€4.34
At close:+0.42 (+16.04%)
Freightcar America (FAR) Q3 2026 Earnings Report
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DE:FAR Q3 2026 EPS Results
- Actual EPS
- -EUR 0.25
- Consensus EPS
- -EUR 0.15
- Beat/Miss
- Missed by -EUR 0.10
- One Year Ago EPS
- EUR 0.21
DE:FAR Q3 2026 Revenue Results
- Actual Revenue
- EUR 68.48M
- Expected Revenue
- EUR 67.82M
- Beat/Miss
- Beat by +EUR 659.87K
- YoY Revenue Growth
- -52.35%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/09/2026
- Time
- After Close
- Conference Call
- Monday, November 9, 2026
DE:FAR Upcoming Earnings
Freightcar America's next earnings date is estimated for March 23, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
DE:FAR Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a mixed but cautiously optimistic outlook. Current financial performance was weak, with substantial year-over-year declines in revenue, deliveries, gross profit, adjusted net income, and adjusted EBITDA. However, aftermarket revenue and profitability are growing, the company completed a third acquisition, market share and order intake improved, backlog value increased 28%, and industry traffic and fleet indicators strengthened. Management reaffirmed full-year guidance but acknowledged that broad-based railcar demand recovery and the timing of improved earnings remain uncertain.
Company Guidance
FreightCar America reaffirmed full-year 2026 guidance for railcar deliveries of 3,100 to 3,300, revenue of $370 million to $410 million, and adjusted EBITDA of $15 million to $19 million; it expects full-year capital expenditures of approximately $2 million to $3 million, fourth quarter SG&A dollars to remain broadly consistent with the third quarter, and approximately $12 million of annualized structural savings from the workforce realignment. Management said fourth quarter orders in the guidance were secured, with anything landed accretive to that guidance; long term, very low double digits, or around 10%, 11%, is sustainable for manufacturing margins as demand comes back, and it continues to expect industry demand to improve in 2027, while noting it has not given 2027 guidance.
- Aftermarket Revenue GrowthAftermarket revenue grew 65% year-over-year to $10.8 million in the third quarter, driven by organic growth in parts and components together with contributions from acquisitions.
- Aftermarket Profitability and Integration ProgressThe aftermarket segment generated $4 million of segment income and a 44.5% gross margin in the quarter. Management said synergies from recently acquired businesses are tracking in line with expectations, while efforts continue to expand sales, improve sourcing and inventory deployment, and enhance product availability and customer service.
- Third Aftermarket Acquisition CompletedFollowing quarter end, FreightCar America completed its third aftermarket acquisition in less than a year, acquiring Michigan-based Trinity Equipment Company, an independent supplier of OEM and replacement railcar components and fastening solutions. Management said the transaction is expected to be immediately accretive and broadens the company's aftermarket product and customer network.
- Aftermarket Platform StrategyManagement said building an integrated aftermarket platform with greater scale is central to its long-term strategy. The businesses support customers' maintenance and replacement needs over the life of a railcar, and the company sees opportunities to expand sales, improve operating efficiency, and increase earnings contribution.
- Backlog Value Increased 28%The quarter-end backlog consisted of 2,660 railcars valued at approximately $284 million, up 28% from $222 million a year ago, even after removing the prior-year tank car retrofit order. The company said the backlog provides production visibility extending into 2027.
- Strong New Railcar Order IntakeNew railcar order intake through the first nine months of 2026 exceeded the full-year 2025 total by more than 50%. Total orders through the first nine months reached approximately 4,200 units, a 44% increase from approximately 2,900 units in the comparable period last year.
- Market Share GainsOn a trailing 12-month basis, excluding tank cars and autoracks, FreightCar America captured approximately 25% of new railcar orders in its addressable market and approximately 17% of the overall market, up from approximately 21% and 13%, respectively, a year ago. Management said its order share has grown every year since 2022.
- Improved Industry Order ActivityIndustry new railcar orders totaled approximately 6,800 units in the third quarter, compared with approximately 3,100 units in the prior-year period. Industry orders exceeded deliveries for the second consecutive quarter.
- Positive Rail Traffic and Fleet IndicatorsWeekly carload volume was the highest for any quarter since 2019. Grain carloads grew 5% year-over-year, petroleum products grew 9%, and primary metal products grew 10%. Excluding coal, carloads through September were the highest since 2018.
- Railcars in Storage DeclinedRailcars in storage fell to 17.7% of the North American fleet on October 1, the lowest share since April 2023, and the fewest cars on an absolute basis since 2022. Management said these trends, along with aging fleets and the mandated 50-year retirement age, support expectations for industry demand to improve in 2027.
- Commercial Discipline and Customer QualityManagement emphasized pricing integrity, margin performance, and order-book quality rather than pursuing volume at any price. The backlog is supported by repeat business from established blue-chip railroads, railcar lessors, and industrial shippers, and is diversified across new railcar builds, conversions, and specialized programs.
- Structural Cost SavingsThe workforce realignment completed in the second quarter is delivering savings in line with approximately $12 million of annualized structural savings. Management said the program preserves installed manufacturing capacity and the capabilities needed to scale production as volumes recover.
- Cash Generation and LiquidityThird-quarter operating cash flow was $25.4 million and free cash flow was approximately $25 million, with capital expenditures of $0.3 million. The company ended September with $86.8 million of cash and cash equivalents, $100.4 million of total debt, and no borrowings under its revolving credit facility.
- Low Capital Expenditure PlanFull-year capital expenditures are expected to be approximately $2 million to $3 million, including maintenance capital and completion of previously discussed vertical integration investments. Year-to-date capital expenditures were $1.2 million.
- Full-Year Guidance ReaffirmedManagement reaffirmed full-year guidance for railcar deliveries of 3,100 to 3,300, revenue of $370 million to $410 million, and adjusted EBITDA of $15 million to $19 million.
- Flexible Manufacturing FootprintManagement said the existing manufacturing footprint has capacity to support higher railcar volumes and can be reconfigured to match customer demand. The company has configurable and somewhat modular jigs and fixtures, allowing it to adjust its manufacturing capabilities across products.
- Product and Customer Value PropositionManagement attributed market share gains to customer responsiveness, flexible engineering and configuration capabilities, and the ability to deliver products on time, in full, and to customer specifications. The company said its VersaFlood open-top hopper has a strong market share and that it plans to maintain a strong position in covered hoppers and other product categories.
- Long-Term Manufacturing Margin TargetManagement said very low double-digit manufacturing margins are sustainable over the long term, citing historical normalized margins of approximately 10% to 11% as demand returns.
DE:FAR Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 23, 2027 | 2026 (Q4) | 0.14- | 0.14 | ― | ― |
| Nov 09, 2026 | 2026 (Q3) | -0.15-0.25 | 0.21 | -216.67% (-0.47) | |
| Aug 03, 2026 | 2026 (Q2) | -0.00-0.02 | 0.1 | -118.18% (-0.12) | |
| May 04, 2026 | 2026 (Q1) | -0.03-0.04 | 0.04 | -180.00% (-0.08) | |
| Mar 09, 2026 | 2025 (Q4) | 0.170.14 | 0.19 | -23.81% (-0.04) | |
| Nov 10, 2025 | 2025 (Q3) | 0.140.21 | 0.07 | 200.00% (+0.14) | |
| Aug 04, 2025 | 2025 (Q2) | 0.050.10 | 0.04 | 120.00% (+0.05) | |
| May 05, 2025 | 2025 (Q1) | 0.070.04 | 0.02 | 150.00% (+0.03) | |
| Mar 12, 2025 | 2024 (Q4) | 0.040.19 | -0.06 | 400.00% (+0.25) | |
| Nov 12, 2024 | 2024 (Q3) | 0.040.07 | -0.13 | 157.14% (+0.20) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
