FreightCar America Reports Fourth Quarter and Full Year 2009 Results
CHICAGO — FreightCar America Inc. reported results for its fourth quarter ended December 31, 2009 with sales of $49.4 million and a net loss of $5.5 million, or $0.47 per diluted share. Sales for the quarter were down 10 percent from third quarter 2009 sales of $55.1 million and down significantly over fourth quarter 2008 sales of $271.9 million. Railcar deliveries totaled 697 units in the quarter, compared to 695 units delivered in the third quarter of 2009 and 3,624 units delivered in the fourth quarter of 2008. The gross margin rate for the fourth quarter was 6.8 percent, compared to