FreightCar America Inc Reports Q2 2024 Financial Results

FreightCar America, Inc. Reports Q2 2024 Financial Results

Overview FreightCar America, Inc. reported its financial results for the second quarter ended June 30, 2024.

Key Financial Metrics The following table provides key financial metrics for Q2 2024, including year-over-year and quarter-over-quarter comparisons as well as comparisons to consensus estimates.

Interpretation : FreightCar America's revenue for Q2 2024 grew significantly by 66.38% year-over-year, significantly surpassing the consensus estimate of $127.1M. The company turned a profit with an EPS of $0.11 compared to a loss of $0.73 in Q2 2023 and exceeded the consensus EPS estimate of $0.05.

Revenue Performance by Segment The following table breaks down revenue performance across major segments, including comparisons to previous guidance, if provided.

Interpretation : The Manufacturing segment saw a significant increase of 66.26% in revenue year-over-year, while the Corporate and Other segment also posted a robust increase of 68.97%.

Key Operational Data As there is no specific operational data provided, we will skip this section.

Comments from Company Officers The report does not include specific comments from the company’s officers.

Dividends and Share Repurchase Program There were no announcements regarding dividends or share repurchase programs.

Forward Guidance The earnings release did not include specific forward guidance.

Stock Price Movement Following the release, FreightCar America's stock price experienced a gain of 5.62%.

This comprehensive overview should provide stakeholders with clear insights into FreightCar America's financial performance for Q2 2024.