$RAIL
FreightCar America, Inc.

2024 Q4 Form 10-Q Financial Statement

#000095017024124596 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $113.3M
YoY Change 82.98%
Cost Of Revenue $97.06M
YoY Change 84.28%
Gross Profit $16.20M
YoY Change 75.57%
Gross Profit Margin 14.3%
Selling, General & Admin $7.538M
YoY Change 0.36%
% of Gross Profit 46.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.442M
YoY Change 31.09%
% of Gross Profit 8.9%
Operating Expenses $7.538M
YoY Change 0.36%
Operating Profit $8.658M
YoY Change 517.99%
Interest Expense -$111.6M
YoY Change -5173.5%
% of Operating Profit -1289.18%
Other Income/Expense, Net -$680.0K
YoY Change 198.25%
Pretax Income -$103.6M
YoY Change -3140.16%
Income Tax $3.407M
% Of Pretax Income
Net Earnings -$107.0M
YoY Change -3452.52%
Net Earnings / Revenue -94.52%
Basic Earnings Per Share -$3.57
Diluted Earnings Per Share -$3.57
COMMON SHARES
Basic Shares Outstanding 18.89M 18.87M
Diluted Shares Outstanding 31.35M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.83M
YoY Change 191.1%
Cash & Equivalents $44.83M
Short-Term Investments
Other Short-Term Assets $11.67M
YoY Change 57.64%
Inventory $84.81M
Prepaid Expenses $10.10M
Receivables $24.32M
Other Receivables $936.0K
Total Short-Term Assets $168.1M
YoY Change 6.6%
LONG-TERM ASSETS
Property, Plant & Equipment $30.46M
YoY Change 3.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.036M
YoY Change 60.87%
Total Long-Term Assets $77.83M
YoY Change 8.69%
TOTAL ASSETS
Total Short-Term Assets $168.1M
Total Long-Term Assets $77.83M
Total Assets $245.9M
YoY Change 7.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $74.36M
YoY Change 44.07%
Accrued Expenses $8.940M
YoY Change 11.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $104.8M
YoY Change 22.69%
LONG-TERM LIABILITIES
Long-Term Debt $45.48M
YoY Change 46.42%
Other Long-Term Liabilities $1.660M
YoY Change 195.37%
Total Long-Term Liabilities $1.660M
YoY Change -94.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $104.8M
Total Long-Term Liabilities $1.660M
Total Liabilities $318.4M
YoY Change 67.33%
SHAREHOLDERS EQUITY
Retained Earnings -$253.7M
YoY Change 81.42%
Common Stock $220.0K
YoY Change 4.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$72.43M
YoY Change
Total Liabilities & Shareholders Equity $245.9M
YoY Change 7.26%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$107.0M
YoY Change -3452.52%
Depreciation, Depletion And Amortization $1.442M
YoY Change 31.09%
Cash From Operating Activities $7.172M
YoY Change -996.5%
INVESTING ACTIVITIES
Capital Expenditures $1.462M
YoY Change -63.45%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$1.462M
YoY Change -63.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -250.0K
YoY Change -103.05%
NET CHANGE
Cash From Operating Activities 7.172M
Cash From Investing Activities -1.462M
Cash From Financing Activities -250.0K
Net Change In Cash 5.460M
YoY Change 60.59%
FREE CASH FLOW
Cash From Operating Activities $7.172M
Capital Expenditures $1.462M
Free Cash Flow $5.710M
YoY Change -218.96%

Facts In Submission

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dei Entity Registrant Name
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FREIGHTCAR AMERICA, INC.
dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31353997
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29543963
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30519545
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28064410
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31353997
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29543963
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30519545
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28064410
CY2024Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-107046000
CY2023Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3193000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-110440000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-20733000
CY2024Q3 rail Gain Loss On Pension Settlements
GainLossOnPensionSettlements
0
CY2023Q3 rail Gain Loss On Pension Settlements
GainLossOnPensionSettlements
313000
rail Gain Loss On Pension Settlements
GainLossOnPensionSettlements
0
rail Gain Loss On Pension Settlements
GainLossOnPensionSettlements
313000
CY2024Q3 us-gaap Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
-1123000
CY2023Q3 us-gaap Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
34000
us-gaap Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
-2390000
us-gaap Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
34000
CY2024Q3 rail Pension And Postretirement Liability Activity
PensionAndPostretirementLiabilityActivity
39000
CY2023Q3 rail Pension And Postretirement Liability Activity
PensionAndPostretirementLiabilityActivity
573000
rail Pension And Postretirement Liability Activity
PensionAndPostretirementLiabilityActivity
109000
rail Pension And Postretirement Liability Activity
PensionAndPostretirementLiabilityActivity
650000
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-108130000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4113000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-112721000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-19736000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-48954000
CY2023Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3193000
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
920000
CY2023Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
715000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-44269000
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-48829000
CY2024Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-107046000
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1084000
CY2024Q3 us-gaap Accretion Expense
AccretionExpense
144000
CY2024Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-18000
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
804000
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-156317000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-28584000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-20733000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
997000
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
-203000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
106000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3
rail Stock Appreciation Rights Classification Modification
StockAppreciationRightsClassificationModification
1738000
rail Vesting Of Restricted Stock Units
VestingOfRestrictedStockUnits
145000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1789000
rail Equity Fees
EquityFees
685000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-44269000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-46206000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-110440000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2281000
us-gaap Accretion Expense
AccretionExpense
431000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
40000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
751000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2330000
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-156317000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-110440000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-20733000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4252000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3189000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
2226000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1873000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
125581000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
1869000
rail Loss On Pension Settlement
LossOnPensionSettlement
0
rail Loss On Pension Settlement
LossOnPensionSettlement
313000
us-gaap Share Based Compensation
ShareBasedCompensation
2330000
us-gaap Share Based Compensation
ShareBasedCompensation
524000
rail Amortization Of Financing Costs And Discounts Including Paid In Kind Interest
AmortizationOfFinancingCostsAndDiscountsIncludingPaidInKindInterest
3638000
rail Amortization Of Financing Costs And Discounts Including Paid In Kind Interest
AmortizationOfFinancingCostsAndDiscountsIncludingPaidInKindInterest
8980000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-14880000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1589000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
435000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
17911000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1126000
rail Increase Decrease In Value Added Tax Receivable
IncreaseDecreaseInValueAddedTaxReceivable
-465000
rail Increase Decrease In Value Added Tax Receivable
IncreaseDecreaseInValueAddedTaxReceivable
-2320000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-40859000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
57213000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-8300000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2739000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-2179000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-1490000
rail Operating Lease Increase Decrease In Lease Liability
OperatingLeaseIncreaseDecreaseInLeaseLiability
-2802000
rail Operating Lease Increase Decrease In Lease Liability
OperatingLeaseIncreaseDecreaseInLeaseLiability
-2779000
rail Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
8865000
rail Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
19644000
rail Other Assets And Liabilities
OtherAssetsAndLiabilities
-5948000
rail Other Assets And Liabilities
OtherAssetsAndLiabilities
1035000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39047000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-26410000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3731000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8971000
rail Proceeds From Sale Of Property Plant And Equipment Assets Held For Sale And Railcars Available For Lease
ProceedsFromSaleOfPropertyPlantAndEquipmentAssetsHeldForSaleAndRailcarsAvailableForLease
0
rail Proceeds From Sale Of Property Plant And Equipment Assets Held For Sale And Railcars Available For Lease
ProceedsFromSaleOfPropertyPlantAndEquipmentAssetsHeldForSaleAndRailcarsAvailableForLease
8356000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3731000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-615000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
13254000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
-0
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
300000
rail Proceeds From Long Term Lines Of Credit Less Long Term Debt
ProceedsFromLongTermLinesOfCreditLessLongTermDebt
26595000
rail Proceeds From Long Term Lines Of Credit Less Long Term Debt
ProceedsFromLongTermLinesOfCreditLessLongTermDebt
115172000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
56010000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
123062000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
40000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
106000
rail Payments For Cash Settled Stock Appreciation Rights Exercised
PaymentsForCashSettledStockAppreciationRightsExercised
0
rail Payments For Cash Settled Stock Appreciation Rights Exercised
PaymentsForCashSettledStockAppreciationRightsExercised
6000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1591000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
460000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-31046000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4492000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4270000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-22533000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40560000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37912000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44830000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15379000
us-gaap Interest Paid Net
InterestPaidNet
2177000
us-gaap Interest Paid Net
InterestPaidNet
3961000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
5061000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
1857000
rail Change In Unpaid Construction In Process Non Cash Charges
ChangeInUnpaidConstructionInProcessNonCashCharges
-226000
rail Change In Unpaid Construction In Process Non Cash Charges
ChangeInUnpaidConstructionInProcessNonCashCharges
51000
us-gaap Notes Issued1
NotesIssued1
0
us-gaap Notes Issued1
NotesIssued1
3161000
rail Issuance Of Preferred Shares In Exchange Of Term Loan
IssuanceOfPreferredSharesInExchangeOfTermLoan
72688000
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
3014000
rail Issuance Of Equity Fee
IssuanceOfEquityFee
0
rail Issuance Of Equity Fee
IssuanceOfEquityFee
685000
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Note 1 – Description of the Business</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">FreightCar America, Inc. (“FreightCar”, the “Company”, “we” or “our”) operates primarily in North America through its direct and indirect subsidiaries, and designs and manufactures a wide range of railroad freight cars, completes railcar rebody and repair services, provides railcar conversion services that repurpose idled rail assets back into revenue service, and supplies railcar parts. The Company designs and builds high-quality railcars, including bulk commodity cars, covered hopper cars, intermodal and non-intermodal flat cars, mill gondola cars, coil steel cars, coal cars and boxcars. The Company is headquartered in Chicago, Illinois and has facilities in the following locations: Johnstown, Pennsylvania; Qingdao, People’s Republic of China; and Castaños, Coahuila, Mexico (the “Castaños Facility”).</span></p>
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
113185000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
61747000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
420077000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
230365000
CY2024Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
70000
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
147000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1652000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1124000
CY2024Q3 us-gaap Revenues
Revenues
113255000
CY2023Q3 us-gaap Revenues
Revenues
61894000
us-gaap Revenues
Revenues
421729000
us-gaap Revenues
Revenues
231489000
CY2024Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
8865000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5686000
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
108914000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
rail Allocatetng Leasing Revenue
AllocatetngLeasingRevenue
1386000
us-gaap Litigation Settlement Gain
LitigationSettlementGain
3214000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
622000
CY2023Q3 rail Income Loss On Pension Settlement
IncomeLossOnPensionSettlement
313000
rail Income Loss On Pension Settlement
IncomeLossOnPensionSettlement
313000
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3685000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
705000
CY2024Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
65913000
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
65639000
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
6961000
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
31138000
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
6329000
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
23196000
CY2024Q3 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
5609000
CY2023Q4 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
5049000
CY2024Q3 us-gaap Inventory Net
InventoryNet
84812000
CY2023Q4 us-gaap Inventory Net
InventoryNet
125022000
CY2024Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1918000
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1594000
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1602000
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1940000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
511000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
663000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
340000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
852000
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-280000
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-113000
CY2024Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1493000
CY2023Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1638000
us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
October 31, 2024
CY2024Q3 us-gaap Line Of Credit
LineOfCredit
0
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
29415000
us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.015
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.095
rail Accountsreceivablevariableinterestrate1
Accountsreceivablevariableinterestrate1
0.02
rail Accountsreceivablevariableinterestrateduringperiod
Accountsreceivablevariableinterestrateduringperiod
0.10
CY2024Q4 us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
The revolving line of credit was subsequently amended on October 30, 2024 to extend the maturity date from October 31, 2024 to December 31, 2024
CY2024Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
162382000
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
36801000
CY2024Q3 us-gaap Share Based Compensation
ShareBasedCompensation
804000
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
715000
us-gaap Share Based Compensation
ShareBasedCompensation
2330000
us-gaap Share Based Compensation
ShareBasedCompensation
524000
CY2024Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
130000
CY2023Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
151000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
399000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
453000
CY2024Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
70000
CY2023Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
83000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
220000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
250000
CY2024Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
39000
CY2023Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
38000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
109000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
115000
CY2024Q3 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
0
CY2023Q3 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
313000
us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
0
us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
313000
CY2024Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
99000
CY2023Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
419000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
288000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
631000
rail Description Of Contract
DescriptionOfContract
The contracts have terms between one and 12 months and require the Company to exchange currencies at agreed-upon rates at each settlement date.
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Note 16 - Commitments and Contingencies</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company is involved in various litigation matters from time to time, including intellectual property litigation, and warranty and repair claims incidental to the conduct of our business. Although the Company is taking actions to vigorously contest these matters, it is not possible to determine the outcome of these matters and proceedings. The Company does not believe these actions will have a material adverse effect on our financial position, results of operations or cash flows.</span></p>
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-107046000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
3193000
us-gaap Profit Loss
ProfitLoss
-110440000
us-gaap Profit Loss
ProfitLoss
-20733000
CY2024Q3 us-gaap Accretion Expense
AccretionExpense
144000
CY2023Q3 us-gaap Accretion Expense
AccretionExpense
146000
us-gaap Accretion Expense
AccretionExpense
431000
us-gaap Accretion Expense
AccretionExpense
203000
CY2024Q3 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
4676000
CY2023Q3 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
3923000
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
13340000
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
5535000
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-111866000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-876000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-124211000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-26471000
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-111866000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-876000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-124211000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-26471000
CY2024Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
17633629
CY2023Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
17044251
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
17433479
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
16937968
CY2024Q3 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
13720368
CY2023Q3 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
12499712
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
13086066
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
11126442
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31353997
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29543963
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30519545
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28064410
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31353997
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29543963
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30519545
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28064410
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2058180
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6222085
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3119672
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5996646
CY2024Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
936000
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
638000
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.033
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.063
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.031
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.045
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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