Core Insights - FreightCar America, Inc. (NASDAQ:RAIL) reported Q4 and full-year 2025 results, with quarterly revenue of $125.6 million, missing analysts' expectations of $160.6 million by 21.8% [1] - The company attributed the revenue miss to a higher proportion of converted railcars with lower average selling prices compared to newly manufactured railcars from Q4 FY2024 [1] - The full year revenue totaled $501.0 million, reflecting a 10.4% year-over-year decline due to fewer railcar deliveries and a shift towards lower-price conversion builds [3] Financial Performance - EPS for Q4 was $0.16, falling short of the consensus estimate of $0.17, attributed to a higher effective tax rate and the absence of a prior-year tax valuation allowance benefit [2] - For FY2025, EPS improved to $1.09 compared to a loss of $3.12 in FY2024, aided by a $51.9 million release of a deferred-tax valuation allowance and an improved gross margin of 14.6% [3] Future Guidance - For FY2026, the company provided guidance of 4,000-4,500 railcar deliveries, projected revenue of $500-$550 million, and adjusted EBITDA of $41-$50 million [4] - FreightCar America specializes in manufacturing freight railcars, including coal cars, covered hoppers, flat cars, and intermodal equipment, with production facilities located in the Midwest [4]