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Railcare Q3’21: Initial take - Redeye

Redeye is impressed by Railcare’s strong financial performance in the third quarter. Thanks to record high utilization in the transport operations, group sales grew 34% Y/Y and reported earnings beat our forecast by a wide margin. Railcare’s outlook remains very positive on the back of a solid order book and planned railroad investments and maintenance projects. We will raise our near-term forecasts as a result of the surprisingly strong Q3 numbers.

Redeye is impressed by Railcare’s strong financial performance in the third quarter. Thanks to record high utilization in the transport operations, group sales grew 34% Y/Y and reported earnings beat our forecast by a wide margin. Railcare’s outlook remains very positive on the back of a solid order book and planned railroad investments and maintenance projects. We will raise our near-term forecasts as a result of the surprisingly strong Q3 numbers.
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