Company Quick10K Filing
Freightcar America
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 12 $70
10-Q 2019-10-31 Quarter: 2019-09-30
10-Q 2019-08-01 Quarter: 2019-06-30
10-Q 2019-05-02 Quarter: 2019-03-31
10-K 2019-03-04 Annual: 2018-12-31
10-Q 2018-11-01 Quarter: 2018-09-30
10-Q 2018-08-02 Quarter: 2018-06-30
10-Q 2018-05-03 Quarter: 2018-03-31
10-K 2018-03-09 Annual: 2017-12-31
10-Q 2017-11-02 Quarter: 2017-09-30
10-Q 2017-08-03 Quarter: 2017-06-30
10-Q 2017-05-04 Quarter: 2017-03-31
10-K 2017-03-03 Annual: 2016-12-31
10-Q 2016-11-01 Quarter: 2016-09-30
10-Q 2016-08-02 Quarter: 2016-06-30
10-Q 2016-05-03 Quarter: 2016-03-31
10-K 2016-03-04 Annual: 2015-12-31
10-Q 2015-11-03 Quarter: 2015-09-30
10-Q 2015-08-06 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-13 Annual: 2014-12-31
10-Q 2014-11-06 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-05-09 Quarter: 2014-03-31
10-K 2014-03-14 Annual: 2013-12-31
10-Q 2013-11-08 Quarter: 2013-09-30
10-Q 2013-08-09 Quarter: 2013-06-30
10-Q 2013-05-10 Quarter: 2013-03-31
10-K 2013-03-15 Annual: 2012-12-31
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-03-29 Annual: 2011-12-31
10-Q 2011-11-02 Quarter: 2011-09-30
10-Q 2011-08-08 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-K 2011-03-15 Annual: 2010-12-31
10-Q 2010-11-09 Quarter: 2010-09-30
10-Q 2010-08-09 Quarter: 2010-06-30
10-Q 2010-05-10 Quarter: 2010-03-31
10-K 2010-03-15 Annual: 2009-12-31
8-K 2020-02-10 Officers
8-K 2020-02-03 Officers
8-K 2020-01-30 Leave Agreement
8-K 2019-11-20 Officers
8-K 2019-10-30 Earnings, Exhibits
8-K 2019-09-19 Other Events, Exhibits
8-K 2019-08-16 Officers, Other Events, Exhibits
8-K 2019-07-31 Earnings, Exhibits
8-K 2019-07-22 Exit Costs, Other Events, Exhibits
8-K 2019-06-08 Officers
8-K 2019-05-09 Shareholder Vote
8-K 2019-05-01 Earnings, Exhibits
8-K 2019-04-24 Officers, Exhibits
8-K 2019-04-12 Enter Agreement, Leave Agreement, Off-BS Arrangement
8-K 2019-02-26 Enter Agreement, Earnings, Exhibits
8-K 2018-10-31 Earnings, Exhibits
8-K 2018-08-01 Earnings, Exhibits
8-K 2018-05-10 Shareholder Vote
8-K 2018-05-02 Earnings, Exhibits
8-K 2018-05-01 Officers, Exhibits
8-K 2018-02-28 Enter Agreement, Leave Agreement, M&A
8-K 2018-02-26 Enter Agreement, Earnings, Other Events, Exhibits
8-K 2018-01-23 Officers

Freightcar America Financials

RAIL Metrics, Comps, Filings

Annual | Quarterly

Business

We are a diversified manufacturer of railcars and railcar components. We design and manufacture a broad variety of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars. We and our predecessors have been manufacturing railcars since 1901. Over the last several years, we have introduced a number of new or redesigned railcar types as we continue to diversify our product portfolio. We believe we are the leading manufacturer of aluminum-bodied railcars including coal cars in North America, based on the number of railcars delivered.

Our railcar manufacturing facilities are located in Cherokee, Alabama ("Shoals") and Roanoke, Virginia. Our Shoals facility is an important part of our long-term growth strategy as we continue to expand our railcar product and service offerings. On February 28, 2018, we acquired substantially all of the operating assets at the Shoals facility of Navistar, Inc. ("Navistar") and its subsidiary, International Truck and Engine Investments Corporation, including their railcar business, and assumed the lease for the facility (the "Acquisition"). Our Roanoke facility has the capacity to build a variety of railcar types in a cost-effective manner and will continue to support our coal car products as market conditions improve. Our former Danville, Illinois facility was idled for railcar production effective March 31, 2017 and sold in August 2018.

We lease freight cars through our JAIX Leasing Company subsidiary. Although we continually look for opportunities to package our leased assets for sale to our leasing company partners, these leased assets may not be converted to sales, and may remain revenue producing assets into the foreseeable future. We also rebuild and convert railcars and sell forged, cast and fabricated parts for all of the railcars we produce, as well as those manufactured by others.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Union Pacific (UNP) 118,369,454 0% 15.9 10% 61,708,000 43,537,000 22,665,000 0 6,108,000 8,825,000 140,253,454
CSX (CSX) 61,785,080 0% 17.1 9% 37,924,000 25,634,000 12,346,000 0 3,441,000 4,458,000 76,454,080
Norfolk Southern (NSC) 51,725,557 0% 11.7 8% 37,172,000 21,861,000 11,608,000 0 2,803,000 5,327,000 62,441,557
Canadian Pacific Railway (CP) 32,871,852 0% 10.6 11% 21,933,000 14,776,000 7,648,000 0 2,325,000 4,044,000 42,798,852
Westinghouse Air Brake (WAB) 13,223,659 25% 31.9 1% 18,942,593 9,107,436 6,541,394 1,602,730 222,384 542,693 17,291,056
Kansas City Southern (KSU) 12,157,795 0% 11.7 6% 9,638,100 4,486,600 2,781,800 0 568,100 1,261,200 14,795,495
Genesee & Wyoming (GWR) 5,605,211 0% 11.6 3% 8,364,189 4,876,663 2,308,468 0 218,119 670,400 7,804,019
Trinity Industries (TRN) 2,645,368 21% 11.8 1% 8,575,900 6,046,300 3,006,700 622,300 123,400 611,100 7,197,968
Greenbrier Companies (GBX) 929,456 12% 2.4 4% 2,513,188 1,250,873 2,808,552 338,836 92,170 229,865 548,360
Harvard Bioscience (HBIO) 76,168 55% 9.1 -0% 166,238 85,908 120,279 66,666 -11 13,659 123,648
New Home (NWHM) 72,550 10% -33.1 -2% 673,257 434,064 670,377 65,688 -14,087 -12,059 399,262
Perma-Pipe (PPIH) 72,514 21% 7.1 3% 114,501 59,199 128,694 27,596 3,081 9,758 69,754
Freightcar America (RAIL) 69,790 -3% 0.0 -18% 337,638 173,437 309,492 -8,695 -61,760 -48,461 -69
China Automotive Systems (CAAS) 66,162 16% -0.7 1% 670,744 362,215 354,613 55,983 6,581 31,169 -22,898
Sorl Auto Parts (SORL) 65,058 33% 0.9 2% 773,073 551,879 391,454 130,676 13,965 56,247 48,171
Kelso Technologies (KIQ)
Canadian National Railway Company (CNI)
USD Partners (USDP) 0% 4.5 3% 301,965 247,277 114,099 0 10,090 43,774 198,777
Guangshen Railway (GSH) 0% 35,402,237 6,585,908 0 0 0 0 -1,686,253

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash101,87098,509145,506113,53283,06892,75087,78845,070
Accounts Receivable10,12512,9874,0344,08639,70825,2077,58118,218
Inventory72,87773,84266,34082,259115,35497,90445,29264,562
PP&E35,98439,34339,39643,23942,59646,34738,25345,317
Assets345,463388,565417,719385,252406,904339,255295,904289,737
Accounts Payable28,11033,45316,01634,01034,30434,53623,32934,749
Long-Term Debt
Liabilities148,129177,234215,184186,557171,79382,34164,17296,127
Stockholders' Equity197,334235,111256,914231,732193,610
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue486,986677,449290,393598,518772,854523,731409,474316,519
Cost of Revenue455,040612,463277,168556,175690,193483,552406,143320,146
Gross Profit31,94664,98613,22542,34382,66140,1793,331-3,627
R&D39338233237938629842
SG&A28,66032,73627,46435,31741,66336,37632,91129,051
Tax35413,77158122013,3714,66810410,169
Net Income4,93519,095-19,2955,90431,80512,324-22,562-40,581
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating29,96953,00232,243-6,026-65,68521540,341-31,644
Cash Investing10,193-53,425-619-3,20635,73214,083-41,929-10,946
Cash Financing-72-2,93815,373-22,742-511-4,616-3,374-128