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FreightCar America reports Q3 loss per share of $0.94 including items


Wednesday, 1 Nov 2017 05:00pm EDT 

Nov 1 (Reuters) - Freightcar America Inc ::FreightCar America reports third quarter 2017 results.Q3 loss per share $0.94 including items.Q3 revenue $72 million versus i/b/e/s view $87.8 million.Q3 earnings per share view $-0.17 -- Thomson Reuters I/B/E/S.Board of directors approved suspension of company's quarterly dividend to its shareholders​.Suspension of quarterly dividend is expected to result in additional liquidity of approximately $1.1 million per quarter​.New orders for 920 railcars received during quarter​.Full year 2017 delivery range increased 300 units to between 4,600 and 4,800 railcars​.Diversified backlog totaling 3,317 railcars at September 30, 2017, valued at approximately $291 million​.Delivered 829 railcars in Q3 of 2017 compared to 1,214 railcars delivered in Q3 of 2016​. 

Company Quote

5.65
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26 Jun 2019