EarningsQ2 2026 Earnings Report
MX:RAIL Q2 2026 EPS Results
Actual EPS-$0.36
Consensus EPS-$0.05
Beat/MissMissed by -$0.31
One Year Ago EPS$2.00
MX:RAIL Q2 2026 Revenue Results
Actual Revenue$2.05B
Expected Revenue$2.01B
Beat/MissBeat by +$49.49M
YoY Revenue Growth-4.62%
Earnings Announcement Details
QuarterQ2 2026
Date08/03/2026
TimeAfter Close
Conference CallMonday, August 3, 2026
MX:RAIL Upcoming Earnings
Freightcar America's next earnings date is estimated for November 16, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:RAIL Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive strategic and commercial picture despite near‑term operational and accounting headwinds. Highlights include exceptional order intake and market share gains, a large, diversified backlog, meaningful aftermarket growth and acquisitions, a 50% productivity improvement, $12M of expected annualized structural savings, strong cash generation (+43% free cash flow YoY), and an improved balance sheet following a significant warrant exercise. Lowlights center on near‑term timing of deliveries that reduced Q2 revenue and margins (gross margin fell from 15.0% to 5.5%), adjusted EBITDA compression (from $9.3M to $1.2M), a reported net loss driven by a $24.9M non‑cash warrant remeasurement, $2.2M of realignment costs, and an industry demand environment still below replacement levels. Management attributes many negatives to timing rather than loss of commercial traction and expects sequential improvement as the second‑half ramp and cost savings take hold.Company Guidance
Exceptional Order Intake and Market Share
Booked ~3,000 units in the quarter, including ~2,600 new railcars; captured approximately 45% of all industry new railcar orders in the quarter (≈56% of addressable market excluding tank cars), marking the largest quarterly share in recent history.
Sharp Backlog Growth and Multi-Year Visibility
Backlog grew to 3,972 units valued at ≈$344 million, up ~93% in units and ~121% in value sequentially, providing visibility into 2026 and extending into 2027–2028 (includes new builds, conversions, and retrofits).
Aftermarket Expansion and Acquisitions
Aftermarket revenue increased 13% year‑over‑year; completed a second aftermarket acquisition within a year (Southern Parts & Equipment) to broaden parts/repair capabilities and diversify higher-margin, less cyclical revenue.
Manufacturing Productivity Gains and Structural Savings
Manufacturing productivity improved by ~50% over the past two years via True Track and automation; completed Castaños realignment with $2.2 million of quarter costs to lock in approximately $12 million of expected annualized structural savings, benefits beginning in Q3.
Strong Cash Generation and Liquidity
Generated $12.1 million of operating cash and $11.3 million of free cash flow in the quarter (free cash flow up 43% YoY); ended June with $63 million cash and reduced total debt by ~$7.3 million since year‑end.
Balance Sheet and Warrant Liability Improvement
A substantial warrant exercise reduced warrant liability from $119.4 million at 3/31 to $14 million at quarter end, converting a large liability to equity and producing positive stockholders' equity of $36.2 million, expected to reduce future earnings volatility.
Updated Guidance Reflects Timing, Not Commercial Weakness
Revised 2026 guidance to 3,500–3,900 deliveries, $410M–$460M revenue, and $36M–$45M adjusted EBITDA due to timing shifts (some deliveries moving into early 2027); management emphasizes stronger commercial position and planned sequential margin improvement as ramp and cost savings take effect.
MX:RAIL Earnings History
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