FreightCar America Expects FY24 Revenue Of $520M-$572M, Est $483.8M; Railcar Deliveries Of 4,000-4,400 Railcars
Portfolio Pulse from Benzinga Newsdesk
FreightCar America projects its FY24 revenue to be between $520M-$572M, surpassing the estimated $483.8M. The company also anticipates delivering between 4,000 to 4,400 railcars.
March 18, 2024 | 10:01 pm
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FreightCar America expects FY24 revenue to exceed estimates with a projection of $520M-$572M and plans to deliver 4,000-4,400 railcars.
The positive revenue forecast significantly surpasses the estimated $483.8M, indicating strong future performance and potential growth in operations. The anticipated increase in railcar deliveries further supports the company's growth trajectory, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100