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FreightCar America
Type
Public
Traded as NASDAQ: RAIL
Industry Rail transport
Founded 1901
Headquarters Chicago, United States
Products Freight cars
Revenue $141.3 million (2010)
Website freightcaramerica.com

FreightCar America is a manufacturer of freight cars for the railway industry.

The company began operations in 1901, and is headquartered in Chicago, Illinois. It is engaged in the business of building, repairing, and leasing freight cars, largely for the transportation of bulk materials like coal, metals, wood products and automobiles. In addition to the freight cars it constructs, the company also manufactures parts for use in cars built by other companies.

It owns three factories—one in Danville, Illinois, one in the Muscle Shoals, Alabama and one in Roanoke, Virginia. The facility in Roanoke was closed in 2009 due to weak economic conditions, but it was announced on 21 February 2011 that it would reopen after an order for 1,500 coal cars from the Norfolk Southern Railway.

In 2008, the company produced 10,349 freight cars, but its output decreased to 3,377 cars in 2009. During fiscal year 2010, FreightCar America had a profit of $36.52 million on revenue of $141.3 million.

In June 2014 the Danville plant brought back over 100 employees with promises of work and being able to retire from the plant. They are set to be laid off indefinitely the end of February 2016.

In mid-February 2017 the company announced layoffs at its Roanoke plant. This was followed by an announcement at the end of March 2017 that FreightCar America would idle the plant in June.

On October 25, 2016, a shooting occurred at a FreightCar America building in Roanoke, Virginia. Getachew Fekede, a 53-year-old former employee and Kenyan refugee who moved to the U.S. in 2011, fired ten rounds from a 9mm handgun, killing an employee and wounding three others. He then committed suicide. Police said the shooting appeared to be an act of workplace violence, but added that the possibility of terrorism will be investigated.


Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-14 Future report Set alerts
Q2 2022 2022-08-08 -0.11 -0.11
Q1 2022 2022-05-10 -0.21 -0.21
Q4 2021 2022-03-22 -0.13 -0.13
Q3 2021 2021-11-15 -0.41 -0.41
Q2 2021 2021-08-16 -0.29 -0.29
Q1 2021 2021-05-17 -0.48 -0.48
Q4 2020 2021-03-24 0.57 0.57
Q3 2020 2020-11-09 -0.82 -0.82
Q2 2020 2020-08-10 -0.97 -0.97

Ratings

2016-07-13 Downgrade Stifel Nicolaus Buy to Hold
2016-06-22 Initiated Coverage Cowen and Company Market Perform $15.00
2016-05-04 Lower Price Target Stifel Nicolaus Buy $20.00 to $17.00
2016-05-04 Downgrade Longbow Research Buy to Neutral
2015-10-19 Lower Price Target Stifel Nicolaus Buy $27.00 to $24.00
2015-06-16 Upgrade Stifel Nicolaus Hold to Buy $29.00
2015-04-27 Downgrade Avondale Partners Outperform to Market Perform
2015-02-19 Boost Price Target Sterne Agee CRT Buy $37.00 to $42.00
2014-09-19 Upgrade Avondale Partners Market Perform to Outperform
2014-04-29 Reiterated Rating Longbow Research Buy $27.00 to $30.00
2014-03-11 Downgrade Stephens Overweight to Equal Weight
2013-12-09 Upgrade Longbow Research Neutral to Buy $29.00
2013-09-17 Upgrade Stephens Equal Weight to Overweight $18.00 to $24.00
2012-10-15 Downgrade UBS Neutral to Sell
2012-07-12 Initiated Stifel Nicolaus Hold
2012-04-25 Upgrade KeyBanc Capital Mkts Underweight to Hold
2012-03-12 Downgrade KeyBanc Capital Mkts Hold to Underweight
2012-02-21 Reiterated UBS Neutral $22 to $28
2012-02-13 Downgrade Longbow Neutral to Sell $16
2011-02-18 Reiterated UBS Neutral $29 to $31
2010-06-29 Initiated Avondale Mkt Perform $26
2009-08-25 Downgrade Longbow Buy to Neutral
2009-05-06 Reiterated UBS Neutral $17 to $18
2009-02-18 Upgrade Longbow Neutral to Buy $21
2009-02-18 Reiterated UBS Neutral $20 to $17
2009-01-13 Upgrade UBS Sell to Neutral
2008-12-10 Reiterated Jefferies & Co Buy $35 to $25
2008-10-20 Upgrade KeyBanc Capital Mkts Hold to Buy $40
2008-09-19 Downgrade UBS Neutral to Sell
2008-08-05 Reiterated UBS Neutral $38 to $29
2008-05-09 Upgrade Jefferies & Co Hold to Buy $35 to $42
2008-01-09 Downgrade KeyBanc Capital Mkts Buy to Hold
2007-10-17 Reiterated KeyBanc Capital Mkts Buy $60 to $48
2016-07-13 Downgrade Stifel Nicolaus Buy to Hold
2016-06-22 Initiated Coverage Cowen and Company Market Perform $15.00
2016-05-04 Lower Price Target Stifel Nicolaus Buy $20.00 to $17.00
2016-05-04 Downgrade Longbow Research Buy to Neutral
2015-10-19 Lower Price Target Stifel Nicolaus Buy $27.00 to $24.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
McNeely Joseph E VP, Finance, CFO and Treasurer 0.40%  (48119) ANDE / RAIL /
Meyer James R President and CEO 0.25%  (30006) RAIL /
GEHL WILLIAM D 0.22%  (26707) ASTE / RAIL / WBB /
Cirar James D 0.20%  (24569) RAIL /
MADDEN THOMAS A 0.20%  (24185) RAIL /
AVERY CHARLES F JR VP Finance, CFO and Treasurer 0.18%  (21376) FSS / RAIL /
BAUN THEODORE W. SVP, Marketing and Sales 0.17%  (20528) RAIL /
KOHNKE MATTHEW S VP, Finance, CFO, Treasurer 0.16%  (19231) DORM / RAIL /
SCHMITT ANDREW B 0.13%  (15230) EEFT / LAYN / RAIL /
Tidball Robert N 0.13%  (15222) RAIL /
Vlamis Georgia L VP, General Counsel & Corp Sec 0.11%  (12967) RAIL /
MALIEKEL JOSEPH J VP, Corp Controller and PAO 0.10%  (12642) RAIL /
McCarthy Thomas P SVP, Human Resources 0.09%  (11218) RAIL /
SODERSTROM S CARL JR 0.09%  (11204) LDL / RAIL / WR /
NAGEL CHRISTOPHER L VP, Finance, CFO and Treasurer 0.08%  (9695) FMSA / RAIL /
MOORE MALCOLM F 0.08%  (9665) RAIL / TWIN /
Fitzpatrick Thomas Mallary 0.07%  (8097) RAIL /
Trusdell Laurence M General Counsel and Secretary 0.06%  (7173) RAIL /
Boege Kathleen M General Counsel and Corp Secy 0.04%  (4422) RAIL / WTFC /
Whalen Edward J President and CEO 0.03%  (4130) RAIL /
Heidkamp Terrence G Sr Vice President, Operations 0.02%  (3000) RAIL /