The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

FreightCar America, Inc. Declares Regular Dividend

Friday, February 17, 2012

FreightCar America, Inc. Declares Regular Dividend06:30 EST Friday, February 17, 2012 CHICAGO (Business Wire) -- The directors of FreightCar America, Inc. (NASDAQ: RAIL) have declared a regular cash dividend of $0.06 per share of common stock of the Company. The dividend is payable on March 5, 2012, to shareholders of record at the close of business on February 27, 2012. The Company last paid a dividend on March 1, 2010. Ed Whalen, President and Chief Executive Officer, said, “Today we announced improved financial results for the fourth quarter and full year 2011. I am pleased that, consistent with these results and our strong financial position, the Company's regular quarterly dividend has been reinstated.” About FreightCar America, Inc. FreightCar America, Inc. manufactures railroad freight cars, supplies railcar parts, leases freight cars through its JAIX Leasing Company subsidiary, and provides railcar maintenance, repairs and management through its FreightCar Rail Services, LLC subsidiary. FreightCar America designs and builds coal cars, 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 facilities in the following locations: Clinton, Indiana, Danville, Illinois, Lakewood, Colorado, Grand Island, Nebraska, Hastings, Nebraska, Johnstown, Pennsylvania, and Roanoke, Virginia. More information about FreightCar America is available on its website at www.freightcaramerica.com. Forward-looking Statements This press release may contain statements relating to our expected financial performance and/or future business prospects, events and plans that are “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. These potential risks and uncertainties include, among other things: the cyclical nature of our business; adverse economic and market conditions; fluctuating costs of raw materials, including steel and aluminum, and delays in the delivery of raw materials; our ability to maintain relationships with our suppliers of railcar components; our reliance upon a small number of customers that represent a large percentage of our sales; the variable purchase patterns of our customers and the timing of completion, delivery and acceptance of customer orders; the highly competitive nature of our industry; the risk of lack of acceptance of our new railcar offerings by our customers; and the additional risk factors described in our filings with the Securities and Exchange Commission. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise. FreightCar America, Inc.Joe McNeely, 800-458-2235