FreightCar America, Inc. Updates Full-Year 2026 Outlook and Reports Preliminary Third Quarter 2026 Results
Key Highlights
- ➤1,285-car tank retrofit order removed from backlog over customer obligation concerns
- ➤Backlog now 2,660 units valued at $284.5 million as of September 30
- ➤2026 deliveries outlook cut to 3,100–3,300 railcars from 3,500–3,900
- ➤2026 revenue outlook reduced to $370–$410 million from $410–$460 million
- ➤2026 adjusted EBITDA outlook lowered to $15–$19 million from $36–$44 million
- ➤Q3 deliveries 662 units; revenue $75–$77 million versus $160.5 million year-over-year
Expert Statements
Nick Randall, President and Chief Executive Officer of FreightCar America
“We have elected to remove the customer’s contractually committed tank car retrofit order from our reported backlog in full”
Nick Randall, President and Chief Executive Officer of FreightCar America
“The removal covers all deliveries scheduled for 2026 and 2027.”
Nick Randall, President and Chief Executive Officer of FreightCar America
“Our updated 2026 outlook excludes the associated deliveries and reflects our current operating forecast.”
Nick Randall, President and Chief Executive Officer of FreightCar America
“This adjustment is specific to one customer order.”
Nick Randall, President and Chief Executive Officer of FreightCar America
“Our remaining backlog continues to be supported by firm customer commitments, and no other orders are affected by this adjustment.”
Nick Randall, President and Chief Executive Officer of FreightCar America
“Our commitment to the tank car retrofit market remains unchanged.”
Nick Randall, President and Chief Executive Officer of FreightCar America
“We continue to focus on the railcar types where we have a proven record and continue to gain share, while growing our aftermarket business.”
Nick Randall, President and Chief Executive Officer of FreightCar America
“Our flexible operating model positions us to execute on our remaining backlog and respond as industry demand improves.”
Nick Randall, President and Chief Executive Officer of FreightCar America
“We look forward to discussing our commercial progress and strategic priorities on our upcoming earnings call.”
Mike Riordan, Chief Financial Officer of FreightCar America
“While our updated outlook excludes the tank car retrofit order, we are confident in our ability to execute on our strategic priorities.”
Mike Riordan, Chief Financial Officer of FreightCar America
“With a lower cost base in place, we are positioned to deliver stronger results as our backlog converts into deliveries in 2027, along with continued growth in our aftermarket business.”
Tank Car Retrofit Order Removed from Full-Year Outlook and Backlog
Full-Year 2026 Outlook Revised Across Railcar Deliveries, Revenue and Adjusted EBITDA
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