FreightCar America, Inc. Reports 2014 Results
FreightCar America, Inc.
Fourth Quarter and Full Year 2014
FreightCar America, Inc. (NASDAQ: RAIL) today reported results for the fourth quarter ended December 31, 2014, with revenues of $212.5 million and net income of $4.8 million, or $0.39 per diluted share. For the same quarter in 2013, the Company reported revenues of $79.7 million and a net loss of $12.3 million, or $(1.03) per diluted share. Revenues were $190.3 million with net income of $6.4 million, or $0.53 per diluted share, in the third quarter of 2014.
“Overall railcar market conditions continued to be favorable,” said Joe McNeely, President and Chief Executive Officer. “Our backlog increased to over 14,700 railcars, valued at $1.3 billion, on fourth quarter orders of 3,637 railcars. Due to continued progress on our diversification strategy, our backlog consists of over 11,300 new non-coal cars across a broad range of car types. Looking ahead to 2015, operational execution will be key as we start an additional production line at our Shoals facility and anticipate full year deliveries of 9,000 to 10,000 railcars.”See the full press release
Welcome to FreightCar America
FreightCar America has been building railcars for more than 110 years. With this heritage always in mind, we are putting our core values into action. For our customers, this means delivery of on-time, high-quality and affordable railcar solutions. For our employees, these values guide each of our decisions. For our investors, these guiding principles are how we return value to shareholders.
FreightCar Rail Services
We offer more than 100 years of combined expertise in railcar maintenance, fleet management, railroad operations and railcar acquisition, as well as state -of-the-art technology to ensure that your operations run efficiently. FreightCar Rail Services shops have the capacity you need and the latest technology to provide you with the information you want. We are small enough to understand your needs and customize services to meet them.
Our Commitment to Innovation
Along with our focus on continuous improvement and innovation in coal carrying railcars, our current product development efforts include articulated intermodal double-stack railcars for fuel efficient movement of containerized goods as well as autoracks used in the efficient transportation of light vehicles.
FCA’s light weight, mechanically fastened, articulated intermodal double-stack railcar was designed to meet the growing demand for movement of containerized goods. Intermodal railcar solutions provide superior fuel efficiency while contributing to reduced highway congestion.