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FreightCar America Inc. reported a net loss of $12.3 million, or $1.03 per diluted share, and revenue of $79.7 million for fourth-quarter 2013 compared with a net loss of $1 million, or 8 cents per diluted share, and revenue of $116.6 million in fourth-quarter 2012. For the full year, the company posted a net loss of $19.3 million, or $1.61 per diluted share, compared with 2012 net income of $19.1 million. Full-year revenue totaled $290.4 million compared with $677.4 million in 2012. "While the financial results are not what we desired, we completed several key strategic milestones in the past year," said Chief Executive Officer Joe McNeely in a press release. By executing "strategic priorities and maintaining our market leadership in coal cars," the company expects to deliver about 7,000 cars in 2014, he said.Trinity Industries Inc. reported net income of $112.8 million, or $1.44 per share, and revenue of $1.3 billion for the fourth quarter compared with net income of $71.3 million, or 90 cents per share, and revenue of $1 billion in fourth-quarter 2012. The company posted net income of $375.5 million, or $4.75 per share, and revenue of $4.4 billion for 2013 compared with net income of $255.2 million, or $3.19 per share, and revenue of $3.8 billion for 2012. "I am pleased with our strong financial results for the fourth quarter and our overall performance during 2013," said Chairman, CEO and President Timothy Wallace in a press release. "We achieved a number of key financial milestones, reporting record revenues, net income and earnings per share for both the fourth quarter and the full year."
Koppers Holdings Inc. reported a fourth-quarter 2013 net loss of $4.1 million, or 20 cents per diluted share, compared with fourth-quarter 2012 net income of $13.6 million, or 65 cents per diluted share. Consolidated sales for the quarter declined 9 percent to $341.8 million from $374.9 million in the previous year’s quarter. Sales for railroad and utility products and services fell 3 percent to $128.1 million. Net income for 2013 totaled $40.4 million, or $1.94 per diluted share, compared with net income of $65.6 million, or $3.13 per diluted share, in 2012.
Lilee Systems has hired Lele Nardin as vice president of engineering. He has more than 25 years of experience delivering products and platforms to market, according to a company press release. Prior to joining the company, Nardin was VP of engineering at PLUMgrid and VP of engineering at Ericsson Silicon Valley, where he led their global engineering teams. He spent 15 years at Cisco as VP and general manager. Alstom Transport plans to showcase a number of mock-up trains, including its Pendolino high-speed train, at the Eurasia Rail 2014 trade show to be held March 6-8 in Istanbul. Also on display will be the Citadis tramway, currently in commercial service on Istanbul's Kabatas-Bagcilar line.
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