FreightCar America Swings To Q2 Profit - Quick Facts

(RTTNews) - FreightCar America, Inc. (RAIL), a manufacturer of railroad freight cars, reported Wednesday second-quarter net income of 1.61 million or $0.13 per share, compared to a net loss of $3.44 million or $0.29 per share in the prior-year quarter.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.01 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter soared to $139.69 million from $47.11 million in the same quarter last year. Analysts expected revenues of $125.48 million.

The company delivered 1,635 railcars in the quarter, compared to 710 railcars delivered in the year-ago quarter.

Total manufacturing backlog at the end of the second quarter stood at 8,493 units, compared to 2,065 units at the end of the year-ago quarter.