FreightCar America forecasts 2026 adjusted EBITDA of $36 million-$44 million

• FreightCar America updated FY2026 guidance for 3,500-3,900 railcar deliveries, revenue of $ 410- $ 460 million, adjusted EBITDA of $ 36- $ 44 million.
• Midpoint implies year-over-year declines of 10.3% in deliveries, 13.2% in revenue, 2.9% in adjusted EBITDA.
• 2Q26 results showed revenue of $ 113.1 million on 927 deliveries; aftermarket revenue rose 13% to $ 8.9 million.
• 2Q26 gross margin fell 957 bps to 5.5% on lower volumes; results included $ 2.2 million of workforce realignment costs.
• Management flagged 2Q26 as the year’s low point; profitability expected to improve sequentially as backlog converts.

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