FreightCar America reported second quarter 2026 results featuring a 121% sequential increase in backlog value to $344 million on exceptional order intake and rising market share. Revenues were $113.1 million on 927 railcar deliveries, compared to $118.6 million and 939 units a year earlier, while aftermarket revenue grew 13% year over year. Gross margin fell to 5.5% from 15.0%, partly due to $2.2 million in workforce realignment costs, and a $24.9 million non-cash loss on warrant liability drove a net loss of $30.1 million, or $0.94 per diluted share, with adjusted net loss of $0.8 million, or $0.02 per share. Operating cash flow reached $12.1 million and free cash flow $11.3 million, up 43% year over year, and the company completed its second aftermarket acquisition following the quarter end. FreightCar America updated its full-year 2026 outlook to 3,500 to 3,900 railcar deliveries, revenue of $410 million to $460 million, and adjusted EBITDA of $36 million to $44 million.
Freightcar America Inc121% sequential backlog growth and rising market share indicate strong order intake.