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.
Copyright Business Wire 2012
