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May 4, 2014
13:27 EDTRAILFreightCar America reports Q1 EPS (58c), consensus (5c)
Reports Q1 revenue $56.1M, consensus $87.68M .“The severe winter weather experienced across much of the country had a significant negative impact on our business, causing supply disruptions and production inefficiencies. These interruptions, along with production line changeovers, resulted in railcar deliveries 30% lower than we had planned for the first quarter,” said Joe McNeely, CEO. “Despite the first quarter’s disruptions, we still expect to deliver approximately 7,000 cars in 2014. Due to a significant order for new coal cars and customer delivery requirements, we will resume production in our Danville facility this summer. The harsh winter weather also led to higher coal train utilization, which reduced the volume of railcars through our repair shops and sales of repair parts. We expect a rebound in repair and parts demand as the railroads improve their operating performance and coal trains become available for maintenance.”
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February 19, 2015
09:26 EDTRAILFreightCar America price target raised to $42 from $37 at Sterne Agee
After FreightCar reported higher than expected Q4 revenue but lower than expected EPS, Sterne Agee believes that the company is benefiting from rising non-coal rail car order flow. The firm thinks the company's lower Q4 margins is a temporary phenomenon. It keeps a Buy rating.

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