Latest news with #FreightCarAmerica
Yahoo
28-05-2025
- Business
- Yahoo
FreightCar America, Inc. to Attend Noble Virtual Equity Conference
CHICAGO, May 28, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL or the 'Company'), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced that it will participate in the Noble Capital Markets Virtual Equity Conference on June 4, 2025. Nick Randall, President and Chief Executive Officer, and Mike Riordan, Chief Financial Officer, will host one-on-one meetings with investors throughout the day. For additional information or to request a meeting, please contact the Company's Investor Relations team at RAILIR@ About FreightCar America FreightCar America, headquartered in Chicago, Illinois, is a leading designer, producer and supplier of railroad freight cars, railcar parts and components. We also specialize in railcar repairs, complete railcar rebody services and railcar conversions that repurpose idled rail assets back into revenue service. Since 1901, our customers have trusted us to build quality railcars that are critical to economic growth and instrumental to the North American supply chain. To learn more about FreightCar America, visit while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
06-05-2025
- Business
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FreightCar America Q1 net better than half of revenue
FreightCar America said net income totaled $50.4 million in the first quarter while revenue of $96.3 million fell 40.2% from the year-ago period. The Chicago-based railcar builder (NASDAQ: RAIL) delivered 710 units in the quarter ended March 31, down from 1,223 units in the previous-year quarter. Adjusted net income was $1.6 million, or 5 cents per share, primarily reflecting a $52.9 million noncash adjustment due to a change in warrant liability. Adjusted earnings before interest, taxes, depreciation and amortization was $7.3 million, from $6.1 million in the first quarter of 2024. Gross margin was 14.9% with gross profit of $14.4 million, compared to gross margin of 7.1% with gross profit of $11.4 million. The company said it ended the quarter with a backlog of 3,337 units valued at $318 million. 'In line with our expectations for the first quarter, we achieved robust margins, once again outperforming our industry peers, reflecting our commitment to differentiated product offerings and exceptional commercial discipline,' said Nick Randall, president and chief executive of FreightCar America, in a release. 'Order activity remained strong, with 1,250 railcars ordered during the quarter valued at approximately $141 million, underscoring our ongoing momentum and expanding market share.' While noting that the industry has experienced delays in freight car orders, Randall said 'our healthy backlog and growing inquiry pipeline position us for a meaningful ramp up in deliveries for the remainder of the year.' The company reaffirmed its full-year guidance of delivery of 4,500-4,900 railcars, up 7.7%, revenue of $530 million-$595 million, up 0.6%, and adjusted EBITDA of $43 million-$49 million, an increase of 7%. Subscribe to FreightWaves' Rail e-newsletter and get the latest insights on rail freight right in your inbox. Find more articles by Stuart Chirls here. Related coverage: Grupo Mexico rail operations earnings plunge as volume drops BNSF profits rise as volume and rates increase Class I railroads keep optimistic outlooks despite trade uncertainty CN's first-quarter earnings grow despite impact of severe weather The post FreightCar America Q1 net better than half of revenue appeared first on FreightWaves.
Yahoo
05-05-2025
- Business
- Yahoo
FreightCar America, Inc. Reports First Quarter 2025 Results
Gross Profit Increased 26% with Gross Margin Expanding 780 Basis Points Generates Quarterly Operating Cash Flow of $13 million and Adjusted Free Cash Flow of $12 million Strong Order Intake Supports Reaffirmed Full Year Guidance CHICAGO, May 05, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) ('FreightCar America' or the 'Company'), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today reported results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Revenues of $96.3 million, consistent with expectations, decreased 40.2% from $161.1 million in the first quarter of 2024, with planned railcar deliveries of 710 units compared to 1,223 units in the prior-year period Gross margin of 14.9% with gross profit of $14.4 million, compared to gross margin of 7.1% with gross profit of $11.4 million in the first quarter of 2024 Net income of $50.4 million, or $1.52 per share and Adjusted net income of $1.6 million, or $0.05 per share, primarily reflecting a $52.9 million non-cash adjustment due to change in warrant liability Adjusted EBITDA of $7.3 million, compared to Adjusted EBITDA of $6.1 million in the first quarter of 2024, up 20.5% Generated Operating Cash Flow of $12.8 million, compared to $25.3 million of cash used in the first quarter of 2024, a $38.1 million increase year over year Generated Adjusted Free Cash Flow of $12.5 million, compared to $30.5 million of cash used in the first quarter of 2024, a $43.0 million increase year over year Ended the quarter with a backlog of 3,337 units valued at $318 million 'We continued to solidify our position as the fastest-growing railcar manufacturer in North America, driven by strong commercial execution and operational discipline. In line with our expectations for the first quarter, we achieved robust margins, once again outperforming our industry peers, reflecting our commitment to differentiated product offerings and exceptional commercial discipline. Order activity remained strong, with 1,250 railcars ordered during the quarter valued at approximately $141 million, underscoring our ongoing momentum and expanding market share,' commented Nick Randall, President and Chief Executive Officer of FreightCar America. Randall continued, 'Looking forward, our healthy backlog and growing inquiry pipeline position us for a meaningful ramp up in deliveries for the remainder of the year. While the industry has experienced some delays in order placements, we have continued to capture significant market share through our agility and superior responsiveness to customer needs. We reaffirm our previously announced full-year guidance and remain confident in our ability to deliver profitable growth and increased market share, further strengthening our long-term competitive position.' Fiscal Year 2025 Outlook The Company has reaffirmed outlook for fiscal year 2025 as follows: Fiscal 2025 Outlook Year-over-Year Growth at Midpoint Railcar Deliveries 4,500 – 4,900 Railcars 7.7% Revenue $530 - $595 million 0.6% Adjusted EBITDA1 $43 - $49 million 7.0% 1. The Company does not provide a reconciliation of forward-looking Adjusted EBITDA guidance due to the inherent difficulty in forecasting and quantifying adjustments necessary to calculate such non-GAAP measure without unreasonable effort. Material changes to such adjustments, including warrant liability and non-core operating items, could affect future GAAP results. Mike Riordan, Chief Financial Officer of FreightCar America, added, 'We remain in a strong financial position, generating consistent operating and free cash flow, marking our fourth consecutive quarter of positive operating cash flow, while ending the quarter with over $50 million in cash on hand. Our disciplined approach continues to drive margin strength and consistent cash generation, reinforcing our balance sheet and providing significant financial flexibility. We are firmly on track to achieve our full year guidance targets and remain committed to sustainable value creation through continued operational efficiency, commercial execution and delivering positive free cash flow for the year.' First Quarter 2025 Conference Call & Webcast Information The Company will host a conference call and live webcast on Tuesday, May 6, at 11:00 a.m. (Eastern Time) to discuss its first quarter 2025 financial results. FreightCar America invites shareholders and other interested parties to listen to its financial results conference call. Teleconference details are as follows: May 6, 2025 11:00 a.m. Eastern Daylight Time Phone: 1-877-407-0789 or 1-201-689-8562 Webcast access at: About FreightCar America FreightCar America, headquartered in Chicago, Illinois, is a leading designer, producer and supplier of railroad freight cars, railcar parts and components. We also specialize in railcar repairs, complete railcar rebody services and railcar conversions that repurpose idled rail assets back into revenue service. Since 1901, our customers have trusted us to build quality railcars that are critical to economic growth and instrumental to the North American supply chain. To learn more about FreightCar America, visit Forward-Looking Statements This press release contains statements relating to our expected financial performance, financial condition, and/or future business prospects, events and/or 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 risks and uncertainties relate to, among other things, the cyclical nature of our business; adverse geopolitical, economic and market conditions, including inflation; material disruption in the movement of rail traffic for deliveries; fluctuating costs of raw materials, including steel and aluminum; 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 customer acceptance of orders; the highly competitive nature of our industry; the risk of lack of acceptance of our new railcar offerings; potential unexpected changes in laws, rules, and regulatory requirements, including tariffs and trade barriers (including recent United States tariffs imposed or threatened to be imposed on China, Canada, Mexico and other countries and any retaliatory actions taken by such countries); and other competitive factors. The factors listed above are not exhaustive. New factors emerge from time to time that may cause our business not to develop as we expect, and it is not possible for us to predict all of them. 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. Non-GAAP Financial Measures This press release includes measures not derived in accordance with generally accepted accounting principles ('GAAP'), such as EBITDA, Adjusted EBITDA, Adjusted net income (loss), Adjusted EPS, Free cash flow and Adjusted free cash flow. These non-GAAP measures should not be considered in isolation or as a substitute for any measure derived in accordance with GAAP and may also be inconsistent with similar measures presented by other companies. Reconciliations of these measures to the applicable most closely comparable GAAP measures, and reasons for the Company's use of these measures, are presented in the attached pages. Investor Contact: RAILIR@ FreightCar America, Consolidated Balance Sheets (In thousands, except for share data) (Unaudited) March 31,2025 December 31,2024 Assets Current assets Cash, cash equivalents and restricted cash equivalents $ 54,084 $ 44,450 Accounts receivable, net of allowance 18,361 12,506 VAT receivable 8,769 3,851 Inventories, net 79,109 75,281 Assets held for sale 629 629 Prepaid expenses and other current assets 12,025 8,314 Total current assets 172,977 145,031 Property, plant and equipment, net 28,839 30,107 Right of use asset operating lease 2,312 2,423 Right of use asset finance lease 44,366 45,081 Other long-term assets 1,974 1,574 Total assets $ 250,468 $ 224,216 Liabilities and Stockholders' Deficit Current liabilities Accounts and contractual payables $ 64,709 $ 49,574 Accrued payroll and other employee costs 5,996 6,286 Accrued warranty 2,162 2,389 Customer deposits 17,611 — Deferred revenue 3,402 8,556 Current portion of long-term debt 2,875 2,875 Lease liability finance lease, current 1,356 1,256 Other current liabilities 9,949 9,889 Total current liabilities 108,060 80,825 Long-term debt, net of current portion 105,302 105,540 Warrant liability 83,431 136,319 Accrued pension costs 1,138 1,073 Lease liability operating lease, long-term 2,506 2,645 Lease liability finance lease, long-term 46,291 46,678 Other long-term liabilities 1,139 1,409 Total liabilities 347,867 374,489 Stockholders' deficit Preferred stock — — Common stock 221 221 Additional paid-in capital 70,854 69,404 Accumulated other comprehensive income 1,697 721 Accumulated deficit (170,171 ) (220,619 ) Total stockholders' deficit (97,399 ) (150,273 ) Total liabilities and stockholders' deficit $ 250,468 $ 224,216 FreightCar America, Consolidated Statements of Operations (In thousands, except for share and per share data) (Unaudited) Three Months Ended March 31, 2025 2024 Revenues $ 96,290 $ 161,058 Cost of sales 81,896 149,655 Gross profit 14,394 11,403 Selling, general and administrative expenses 10,523 7,493 Operating income 3,871 3,910 Interest expense (4,336 ) (2,391 ) Gain (loss) on change in fair market value of warrant liability 52,888 (15,653 ) Other expense (139 ) (14 ) Income (loss) before income taxes 52,284 (14,148 ) Income tax provision (benefit) 1,836 (2,577 ) Net income (loss) $ 50,448 $ (11,571 ) Net earnings (loss) per common share – basic $ 1.54 $ (0.54 ) Net earnings (loss) per common share - diluted $ 1.52 $ (0.54 ) Weighted average common shares outstanding – basic 31,649,133 29,580,182 Weighted average common shares outstanding – diluted 33,285,446 29,580,182 FreightCar America, Consolidated Statements of Cash Flows (In thousands)(Unaudited) Three Months Ended March 31, 2025 2024 Cash flows from operating activities Net income (loss) $ 50,448 $ (11,571 ) Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities: Depreciation and amortization 1,496 1,396 Non-cash lease expense on right-of-use assets 826 703 (Gain) loss on change in fair market value for Warrant liability (52,888 ) 15,653 Stock-based compensation recognized 1,940 760 Other non-cash items, net 2,298 1,746 Changes in operating assets and liabilities: Accounts receivable (5,855 ) (28,632 ) VAT receivable (4,956 ) (999 ) Inventories (6,555 ) 16,963 Accounts and contractual payables 18,585 (7,884 ) Income taxes payable, net 618 (3,937 ) Lease liability (997 ) (1,057 ) Customer deposits 17,611 — Other assets and liabilities (9,777 ) (8,463 ) Net cash flows provided by (used in) operating activities 12,794 (25,322 ) Cash flows from investing activities Purchase of property, plant and equipment (330 ) (966 ) Net cash flows used in investing activities (330 ) (966 ) Cash flows from financing activities Deferred financing costs (1,336 ) — Borrowings on revolving line of credit — 13,037 Repayments on revolving line of credit — (12,450 ) Repayments on term loan (719 ) — Employee stock settlement (488 ) (40 ) Financing lease payments (287 ) (842 ) Net cash flows used in financing activities (2,830 ) (295 ) Net increase (decrease) in cash and cash equivalents 9,634 (26,583 ) Cash, cash equivalents and restricted cash equivalents at beginning of period 44,450 40,560 Cash, cash equivalents and restricted cash equivalents at end of period $ 54,084 $ 13,977 Supplemental cash flow information Interest paid $ 1,086 $ 852 Income taxes paid $ 1,215 $ 403 Non-cash transactions Change in unpaid construction in process $ (47 ) $ (155 ) Non-GAAP Financial Measures FreightCar America, of Income (loss) before taxes to EBITDA(1) and Adjusted EBITDA(2) (In thousands)(Unaudited) Three Months EndedMarch 31, 2025 2024 Income (loss) before income taxes $ 52,284 $ (14,148 ) Depreciation & Amortization 1,496 $ 1,396 Interest Expense, net 4,336 $ 2,391 EBITDA 58,116 (10,361 ) Change in Fair Value of Warrant (a) (52,888 ) $ 15,653 Stock Based Compensation 1,940 $ 760 Other, net 139 $ 14 Adjusted EBITDA $ 7,307 $ 6,066 (1) EBITDA represents earnings before interest, taxes, depreciation and amortization. We believe EBITDA is useful to investors in evaluating our operating performance compared to that of other companies in our industry. In addition, our management uses EBITDA to evaluate our operating performance. The calculation of EBITDA eliminates the effects of financing, income taxes and the accounting effects of capital spending. These items may vary for different companies for reasons unrelated to the overall performance of the company's business. EBITDA is not a financial measure presented in accordance with U.S. GAAP. Accordingly, when analyzing our operating performance, investors should not consider EBITDA in isolation or as a substitute for net income or other statements of operations or statements of cash flow data prepared in accordance with U.S. GAAP. Our calculation of EBITDA is not necessarily comparable to that of other similar titled measures reported by other companies. (2) Adjusted EBITDA represents EBITDA before the following charges: (a) This adjustment removes the non-cash (gain) loss associated with the change in fair market value of the Company's warrant liability. We believe that Adjusted EBITDA is useful to investors evaluating our operating performance compared to that of other companies in our industry because it eliminates the impact of certain non-cash charges and other special items that affect the comparability of results in past quarters. Adjusted EBITDA is not a financial measure presented in accordance with U.S. GAAP. Accordingly, when analyzing our operating performance, investors should not consider Adjusted EBITDA in isolation or as a substitute for net income or other statements of operations or statements of cash flow data prepared in accordance with U.S. GAAP. Our calculation of Adjusted EBITDA is not necessarily comparable to that of other similarly titled measures reported by other companies. FreightCar America, of Net income (loss) and Adjusted net income(1) (Unaudited) Three Months Ended March 31, 2025 2024 Net income (loss) $ 50,448 $ (11,571 ) Change in Fair Value of Warrant (a) (52,888 ) 15,653 Stock Based Compensation 1,940 760 Other, net 139 14 Total non-GAAP adjustments (50,809 ) 16,427 Income tax impact on non-GAAP adjustments (b) 1,965 (3,445 ) Adjusted net income $ 1,604 $ 1,411 (1) Adjusted net income represents net income (loss) before the following charges: a) This adjustment removes the non-cash (gain) loss associated with the change in fair market value of the Company's warrant liability. b) Income tax impact on non-GAAP adjustments per share represents the tax impact of the presented adjustments on the Company's income tax provision calculation. We believe that Adjusted net income is useful to investors evaluating our operating performance compared to that of other companies in our industry because it eliminates the impact of certain non-cash charges and other special items that affect the comparability of results in past quarters. Adjusted net income is not a financial measure presented in accordance with U.S. GAAP. Accordingly, when analyzing our operating performance, investors should not consider Adjusted net income in isolation or as a substitute for net income or other statements of operations or statements of cash flow data prepared in accordance with U.S. GAAP. Our calculation of Adjusted net income is not necessarily comparable to that of other similarly titled measures reported by other America, of Diluted EPS and Adjusted Diluted EPS(1) (Unaudited) Three Months EndedMarch 31, 2025 2024 Diluted EPS $ 1.52 $ (0.54 ) Change in Fair Value of Warrant (a) (1.59 ) 0.53 Stock Based Compensation 0.06 0.03 Total non-GAAP adjustments pre-tax per-share (1.53 ) 0.56 Income tax impact on non-GAAP adjustments per share (b) 0.06 (0.12 ) Adjusted Diluted EPS $ 0.05 $ (0.10 )(1) Adjusted Diluted EPS represents Diluted EPS before the following charges: a) This adjustment removes the non-cash (income) expense associated with the change in fair market value of the Company's warrant liability. b) Income tax impact on non-GAAP adjustments per share represents the tax impact of the presented adjustments on the Company's income tax provision calculation. We believe that Adjusted Diluted EPS is useful to investors evaluating our operating performance compared to that of other companies in our industry because it eliminates the impact of certain non-cash charges and other special items that affect the comparability of results in past quarters. Adjusted Diluted EPS is not a financial measure presented in accordance with U.S. GAAP. Accordingly, when analyzing our operating performance, investors should not consider Adjusted Diluted EPS in isolation or as a substitute for net income or other statements of operations or statements of cash flow data prepared in accordance with U.S. GAAP. Our calculation of Adjusted Diluted EPS is not necessarily comparable to that of other similarly titled measures reported by other companies. FreightCar America, of Cash flows provided by (used in) operating activities, Free cash flow(1) and Adjusted free cash flow(2)(Unaudited) Three Months EndedMarch 31, 2025 2024 Cash flows provided by operating activities $ 12,794 $ (25,322 ) Purchase of property, plant and equipment (330 ) (966 ) Free cash flow 12,464 (26,288 ) Accrued dividends on Series C Preferred stock (a) – (4,237 ) Adjusted free cash flow $ 12,464 $ (30,525 )(1) Free cash flow represents the amount by which Cash flows provided by operating activities exceeds capital expenditures. (2) Adjusted free cash flow represents the amount by which Free cash flow exceeds the following items: a) Represents Series C Preferred stock dividends accrued during the period. All accrued preferred share dividends were paid concurrent with redemption of the preferred shares outstanding on December 31, 2024. We believe that Free cash flow and Adjusted free cash flow are useful to investors evaluating our operating performance compared to that of other companies in our industry because these metrics provide key insights into the potential for growth and ability to generate returns for investors. Free cash flow and Adjusted free cash flow are not financial measures presented in accordance with U.S. GAAP. Accordingly, when analyzing our operating performance, investors should not consider Free cash flow or Adjusted free cash flow in isolation or as a substitute for Cash flows from operating activities or other statements of operations or statements of cash flow data prepared in accordance with U.S. GAAP. Our calculation of Free cash flow and Adjusted free cash flow is not necessarily comparable to that of other similarly titled measures reported by other in to access your portfolio
Yahoo
21-04-2025
- Business
- Yahoo
FreightCar America, Inc. To Release First Quarter 2025 Results On May 5, 2025
CHICAGO, April 21, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its first quarter 2025 financial results on Monday, May 5, 2025, after the market close and host a teleconference to discuss its first quarter 2025 results on the following day. Teleconference details are as follows: May 6, 2025 11:00 a.m. Eastern Daylight Time Phone: 1-877-407-0789 or 1-201-689-8562 Webcast access at: Please note that the webcast is listen-only and webcast participants will not be able to participate in the question and answer portion of the conference call. Interested parties are asked to dial in approximately 10 to 15 minutes prior to the start time of the call. An audio replay of the conference call will be available beginning at 3:00 p.m. (Eastern Time) on Tuesday, May 6, 2025, until 11:59 p.m. (Eastern Time) on Tuesday, May 20, 2025. To access the replay, please dial (844) 512-2921 or (412) 317-6671. The replay passcode is 13753235. An archived version of the webcast will also be available on the FreightCar America Investor Relations website. About FreightCar America FreightCar America, headquartered in Chicago, Illinois, is a leading designer, producer and supplier of railroad freight cars, railcar parts and components. We also specialize in railcar repairs, complete railcar rebody services and railcar conversions that repurpose idled rail assets back into revenue service. Since 1901, our customers have trusted us to build quality railcars that are critical to economic growth and instrumental to the North American supply chain. To learn more about FreightCar America, visit Investor Contact RAILIR@ in to access your portfolio
Yahoo
30-03-2025
- Business
- Yahoo
Investors Shouldn't Overlook FreightCar America's (NASDAQ:RAIL) Impressive Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Speaking of which, we noticed some great changes in FreightCar America's (NASDAQ:RAIL) returns on capital, so let's have a look. The end of cancer? These 15 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for FreightCar America, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.24 = US$34m ÷ (US$224m - US$81m) (Based on the trailing twelve months to December 2024). So, FreightCar America has an ROCE of 24%. That's a fantastic return and not only that, it outpaces the average of 12% earned by companies in a similar industry. View our latest analysis for FreightCar America In the above chart we have measured FreightCar America's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering FreightCar America for free. Like most people, we're pleased that FreightCar America is now generating some pretax earnings. The company was generating losses five years ago, but now it's turned around, earning 24% which is no doubt a relief for some early shareholders. Additionally, the business is utilizing 27% less capital than it was five years ago, and taken at face value, that can mean the company needs less funds at work to get a return. FreightCar America could be selling under-performing assets since the ROCE is improving. On a side note, we noticed that the improvement in ROCE appears to be partly fueled by an increase in current liabilities. Essentially the business now has suppliers or short-term creditors funding about 36% of its operations, which isn't ideal. It's worth keeping an eye on this because as the percentage of current liabilities to total assets increases, some aspects of risk also increase. In a nutshell, we're pleased to see that FreightCar America has been able to generate higher returns from less capital. And a remarkable 520% total return over the last five years tells us that investors are expecting more good things to come in the future. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist. FreightCar America does come with some risks though, we found 2 warning signs in our investment analysis, and 1 of those is a bit concerning... High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
