Wednesday, October 21, 2026
Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Tank car retrofit order removed from backlog. FreightCar America removed 1,285 railcars associated with a tank car retrofit contract from its backlog after determining that the customer was unlikely to fulfill its contractual obligations. The order included deliveries scheduled for the second half of 2026 and throughout 2027. Management emphasized that the cancellation is specific to one customer and does not affect other orders. Following the adjustment, the September 30, 2026, backlog totaled 2,660 railcars valued at $284.5 million.
Preliminary Q3 2026 results reflect lower production volumes. FreightCar America expects third-quarter revenue of $75 million to $77 million, down approximately 53% from $160.5 million in the prior-year period. Railcar deliveries declined 49% to 662 units, while adjusted EBITDA is expected to be approximately breakeven, compared with $17.0 million a year earlier. We now forecast revenue of $76.1 million, adjusted EBITDA of $0.0 million, and a loss of $(0.13) per share.
Get the Full Report
Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
