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Yesterday, FreightCar America Inc. reported first-quarter sales of $292.8 million and net income of $21.4 million compared with sales of $165.8 million and net income of $1.9 million in first-quarter 2005.

The company obtained car orders for 1,031 units during the quarter compared with orders for 5,070 units in first-quarter 2005. On March 31, FreightCar America’s backlog reached 17,794 units compared with a 14,146-unit backlog on March 31, 2005.

“We continue to explore strategic initiatives to further enhance shareholder value through organic growth opportunities, driving cost reduction programs to improve our competitive position and continuing to assess our manufacturing structure,” said FreightCar America President and Chief Executive Officer John Carroll Jr. in a prepared statement.