all for thank Lisa. you, us joining you Thank today. morning and Good
of say us the should the we that and along second our also was have Mexico journey and will are very which progress our the proud creating included manufacturing each build we a overhaul quarter Over the make Costanos in be measure progress way. momentum. that transformation, footprint to we example sizable facility, continuing I'm has challenges execute transformational successes the the such quarter. our year, making strong extensively a that on talked radical and to and there of about investors by To last always
However, in victory, challenges. a need this. second the quarter And great our significantly will to to outweigh claim example was successes the of order
through go about Let's what means and the the it quarter future. talk for
are that instead up consecutive and XXX is $X.X our We First, It is versus cost the is delivered XXX XXX% means positive our footprint up last of XX% that This significant the gross down. us? that upside our footprint. our customers means running new What We rail embracing to same in revenue and delivered new does this sequentially. brand third was now right capable. year-over-year year. structure at mean our also period quarter It and and up of million. margin cars side
is financials, a income that in for intake Our were a factory and also can and all volume Also size the manufacturing to And the company the now us of step this demand of to our a and supply the next the million to push approaching of compared profitability. return across of gain across $X where of loss $XX.X decreased markets the right highlights our as little of is will the face constraints we in our inflation line. significance and you more The period a thought of a almost a XXXX. level inquiries million phase And Shifting adjusted on in This progress the are are final in robust. to half for minutes, EBITDA significant operating improvement environment and multiple at we closely of years, profitable it right. cost first the year. just loss needs. our tell significant significant the same XXXX, in strength fixed three much time level. is sales aligned truly Matt that that more That's chain our continues remain about first how raw far we in end have fiscal material order our traveled topics, to few and
thank and are very in to countless customers have our with built in all excited customers. very it are what we get Our you about is for succeed. and worked us we want of in to us where They us to appropriate to Costanos ways, truly have say to order
and to rail are up the our of for our XXXX. rail deliveries We in to the compared XXXX and between is the midpoint, cars XXXX the X,XXX rail X,XXX in increasing for fiscal start cars at to quarter original year. deliver expect car guidance This at row, now of outlook second a XX%
happy not of a much is -- large off lines bring of a achieve. target of lines Each the we meaningful of and operations work approved ultimately When hard When our in early capabilities During in year. another in and And numbers continue as and in efficiencies. of to from expand additional has and to directors shop announce our assemblies. the our lines manufacturing at will of two new will we allow X,XXX the construction of plans namely shop, is the to What as the make additional to new company. to and completed, approximately do wheel axle enter leaner and us cause being do cars our structure us our profile that so wheel progress these three cars are on year new progress improve quarter, additional and will production are new streams these which will indication our work XXXX, much calls. fabrication of with finishing fabrications the cost a our earnings the I'm majority completed to take where well stray per much we axle headed, have lower to board about own expansion the What Castonas, we this previous they house spoken Castonas, four. per additions that lower next very X,XXX do will company dramatically with phase
We plans these month and operational family, the over would XXXX. Gill so in to partners in will we the late Mexico, next be our be expect or with finalizing
build are family portion shareholders. new reminder, the and in continues and be of facility step the America we will as the ability is year, partner is the FreightCar This a invested million a we you be next footprint. capital the current one providing CapEx As portion Castonas large to the will demand of consistent range. with for flex will a required outlined strong to success Gills lease our largest the in be the now the are as we namely leasing market addition facility dictates. to to of America's FreightCar our fully $X just expected the the to out and fairly last as with be modest late building vision They
We are I gears, our about now important reason commitment and we'll preparing to to benefit Shifting want for when flex. another Costanos. for talk
been inflation You have I labor to undoubtedly pleased about issues. heard this we wage other that such public report am companies to throughout avoid able have talk shortages season. earning extensively and
I teams one have industry. the response of best in protocols. safety COVID-XX within team's am through health ever and built and extremely and experienced We Furthermore, to the most proud of changing the our region
led with our vaccinated. high of this workforce's team America. one our age is much of is all and who opening have vaccination increasing short, embraced successes for entire committed the I'm In QX, and at list help comments, is to well-trained, line a FreightCar on week and strong of build group extremely each Our healthy. proud changes now with XXX% workforce In my rate board, stronger
Now a let's the through quarter. few the to of second work talk we about in had challenges
significant inflationary cost. our Higher to increases steel significant First supply have face pressures continues headwind prices and constraints. along operational various acted in business ocean freight our to as and industry persistent an chain with
As demand unique to as we for to levels, significantly is ocean fact at is global not of triple the freight our available far COGS. industry, have historical our at obviously a at adding to moment. rather outpacing capacity, reaching the nor FreightCar America prices -- -- but for This historic life broad seen global
necessary unfavorable more includes selective material focus the taking reduction accept. combat navigate an renewed across team and business to we As our the freight they the being best on This cost increases material extremely can. we possible inflationary cost on is and where environment, board, steps the adjustments price
Given our of now smaller piece not needs size as and business. must lower fixed treated every cost structure, be to win business
and have likely of related inefficiencies delivered had we this, second launch number car a type. this would period. the quarter, to we the cars of rail extra a some During Without higher expenses also new
we that Much receivable $XX.X expand. Lastly, addressed have business new Mexican our of needs of outstanding stem working the large as to also QX. the as that capital the from fact we needs of the end a total million VAT growing continues
to call which in flowing of to in. now progress XXXX. has the expect the the half us, We the second our I'd a a that review of over but results Terry and in few partner the back the opened with a willing Terry summary, SEC and interim, and for we able said, and us are credit. we you a a half financial minutes, have to week prospects $XX line filings as to financials. start partner million the of confident turn up are outline fortunate saw by refund will strong are our to agreement details Terry? step in soon. quarter financial pleased their associated like in second In for amended our payments the ago, With to In a