RAIL · FreightCar America, Inc.

0001320854-26-000010

Summary

Q1 revenue declined 33.2% to $64.3M from lower volume, partially offset by favorable price mix that limited gross profit drop to 24.9% while expanding margins; operating loss emerged from elevated SG&A, though EPS held at $1.15 amid non-operating gains.

Key takeaways

Revenue fell to $64.3M (-33.2%) due to lower sales volume.
Gross profit decreased to $10.8M (-24.9%) as lower volume was partially offset by favorable price mix.
Operating income turned to -$594K (-115.3%) from higher SG&A expenses including finance and legal costs.
Diluted EPS was $1.15 (-24.3%) supported by non-operating warrant gains.
Operating cash flow used $4.3M versus $12.8M provided prior year, reflecting working capital changes.

Full analysis

Revenue declined 33.2% to $64.3 million in Q1 FY2026 from $96.3 million in the prior year, primarily reflecting lower sales volume in the Manufacturing segment. This volume reduction drove the overall topline contraction, though a favorable price mix provided some mitigation.

Diluted EPS was $1.15, down 24.3% from $1.52, buoyed by non-operating items like warrant gains that masked core operating weakness.