FreightCar America, Inc.

FreightCar America, Inc. is a diversified manufacturer and supplier of railcars and railcar components. The company designs and manufactures a broad variety of railcar types for transporting bulk commodities and containerized freight products, primarily in North America. FreightCar America also offers railcar rebody and repair services, and railcar conversion services that repurpose idled rail assets for revenue service. Additionally, the company supplies railcar parts. FreightCar America has been manufacturing railcars since 1901. Its primary customers are financial institutions and shippers, which accounted for 78% and 16%, respectively, of total sales attributable to each customer type for the year ended December 31, 2025. In the year ended December 31, 2025, the company delivered 4,125 railcars, consisting of 3,714 new railcars and 411 rebuilt railcars. This compares to 4,362 railcars delivered in the year ended December 31, 2024, which included 4,252 new railcars and 110 rebuilt railcars. The total backlog of firm orders for railcars decreased from 2,797 railcars as of December 31, 2024, to 1,926 railcars as of December 31, 2025. The backlog as of December 31, 2025, includes various railcar types with an estimated sales value of $137 million.