FreightCar America, Inc. (NASDAQ: RAIL) had reported a net income of $7.0 million for the three months ending June 30, 2009 with revenues of $104.3 million. For the company’s second quarter of 2009 they had generated sales of $141.3 million with a net loss of $0.4 million.
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The company had recently made an announcement that they had accounting errors in accounts payable which resulted in the underestimation of their net earnings since the fourth quarter of 2007. In the second quarter of 2009 the company received net orders for 694 new railcars compared to 538 units in the second quarter of 2008.
About FreightCar America, Inc.
FreightCar America, Inc. manufactures railroad freight cars, with particular expertise in coal-carrying railcars. In addition to coal cars, FreightCar America designs and builds bulk commodity cars, flat cars, mill gondola cars, intermodal cars, coil steel cars and motor vehicle carriers. It is headquartered in Chicago, Illinois and has manufacturing facilities in Danville, Illinois and Roanoke, Virginia.
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