RAIL 8-K SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

RAIL ▼ -1.94% at T+20d

SHORT call ✓ call won +1.94% · α vs SPY +6.90% · entry $7.72 → $7.57

Next anchor: T+60d in 7w

Currently $8.13 · -5.31% from $7.72 entry (call sign-flipped)

Entry anchored
May 4, 03:59 PM ET
via Databento tick

T+1d

0.00%

call 0.00% · α +1.38%

$7.72

settled 6w ago

T+5d

+8.42%

call -8.42% · α -6.44%

$8.37

settled 5w ago

T+20d

-1.94%

call +1.94% · α +6.90%

$7.57

settled 11d ago

T+60d

—

call — · α —

—

in 7w

Price Chart

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Executive Summary

FreightCar America reported Q1 2026 revenue of $64.3M, down 33% YoY, with adjusted EPS of $(0.04) in line with consensus. Despite reaffirmed full-year guidance, the sharp revenue decline and weaker operational metrics point to continued industry headwinds.

Key Financial Metrics

Guidance

$500M-$550M

maintained

Free Cash Flow

-$4.5M

Gross Margin

16.8%

Actionable Insight

The 33% revenue decline and flat adjusted EPS vs consensus suggest persistent demand softness. Watch for future order activity and backlog conversion rates; reaffirmed guidance provides some support but does not offset the quarterly miss. Monitor tariff developments and railcar replacement cycle catalysts.

Key Facts

Q1 2026 revenue $64.3M, down 33% from $96.3M in Q1 2025
Adjusted EPS $(0.04) exactly in line with consensus estimate $(0.04)
GAAP diluted EPS $1.15 driven by $49.1M non-cash warrant gain
Gross margin improved to 16.8% from 14.9%, but gross profit fell to $10.8M
Adjusted EBITDA $3.2M (margin 4.9%) vs $6.4M (margin 6.7%) a year ago
Backlog grew 14% sequentially to 2,058 units valued at $156M
Aftermarket revenue grew 86% YoY (dollar amount not disclosed)
Full-year 2026 guidance reaffirmed: 4,000-4,500 deliveries, revenue $500-550M, Adj. EBITDA $41-50M

Financial Impact

Revenue declined $32M YoY; adjusted net loss of $(479k) vs adjusted net income of $1.6M in prior year

revenueadjusted EBITDAadjusted EPSdeliveries

Risk Factors

Continued weak railcar demand and customer ordering delays
Tariff and trade policy uncertainty impacting raw material costs and customer sentiment
Potential downward revision to full-year guidance if Q1 trend persists

Market Snapshot

Exchange

Nasdaq

Sector

Railroad Equipment

Analyst Consensus

88% bullish (8 analysts)

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001320854-26-000009
Document: 0001320854-26-000009-index.html	0001320854-26-000009
Document: 0001320854-26-000009.txt	0001320854-26-000009
8-K Data (Synthetic)	0001320854-26-000009

5 reports for RAIL

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for RAIL — sortable, filterable
	Type				Now
May 4, 2026 5w ago	8-K BEARISH ★ 7/10	$7.72 $7.57	▲ +1.94%	▲ +6.90%	$8.13 (−5.31%)
May 4, 2026 5w ago	Press Release BEARISH ★ 6/10	$7.72 $7.57	▲ +1.94%	▲ +6.90%	$8.13 (−5.31%)
Apr 20, 2026 7w ago	Press Release NEUTRAL ★ 3/10	$8.74 $7.73	▼ −11.56%	▼ −16.47%	$8.13 (−6.98%)
Mar 9, 2026 13w ago	Press Release MIXED ★ 6/10	$10.01 $8.56	▼ −14.49%	▼ −14.33%	$8.13 (−18.78%)
Mar 4, 2026 14w ago	8-K NEUTRAL ★ 2/10	$13.15 $8.23	▼ −37.41%	▼ −33.63%	$8.13 (−38.17%)

US Market Status

Market Closed — Opens Mon (48h 46m)

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