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US railcar maker's Q2 revenue fell yr/yr; adjusted EBITDA dropped sharply
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Aftermarket revenue grew 13% yr/yr; backlog up 121% sequentially on strong order intake
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Company completed second aftermarket acquisition following quarter end
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Order intake and backlog - Co said strong order intake drove a 121% sequential increase in backlog and market share of new-railcar orders reached about 45%
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Delivery timing - Co said delayed customer delivery timing reduced fixed-cost absorption and shifted some expected 2026 deliveries into 2027
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Aftermarket growth - Aftermarket revenue grew 13% yr/yr, driven by organic growth in parts and components and the contribution from a recent acquisition