By Sabela Ojea

Shares of FreightCar America Inc. on Monday dropped after the manufacturer of freight cars warned about supply chain issues in the first quarter of 2023 after swinging to a loss in its latest quarter.
Shares were down 15% to $2.70 in after-hours trading.

The company said it continued to experience margin pressure in the fourth quarter, in which it saw a loss of $9.73 million, or 37 cents a share, compared with a profit of $1.17 million, or 6 cents a share, for the same period a year earlier.
FreightCar America’s reported gross margin of 3.6% for the fourth quarter, which declined from 8.8% in the year-earlier period, overshadows the company’s guidance for 2023.
FreightCar America expects to deliver between 3,400 and 3,700 railcars this year, up about 12% from a year ago, and revenue in the range of $400 million and $430 million, which represents growth of about 14%. Analysts polled by FactSet forecast revenue of $498.7 million.
“Demand for our railcars is strong, which gives us confidence for continued growth in 2023. Including orders received since year-end, our production schedule is essentially full for this year, and we are now focused on building our order book for 2024,” President and Chief Executive Jim Meyer said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix