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Inventories
9 Months Ended
Sep. 30, 2025
Inventory Disclosure [Abstract]  
Inventories

Note 7 – Inventories

 

Inventories, net of reserve for excess and obsolete items, consist of the following:

 

 

 

September 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Raw materials

 

$

59,904

 

 

$

47,340

 

Work in process

 

 

14,030

 

 

 

9,323

 

Finished railcars

 

 

23,342

 

 

 

12,640

 

Parts inventory

 

 

6,967

 

 

 

5,978

 

Total inventories, net

 

$

104,243

 

 

$

75,281

 

 

Inventory on the Company’s condensed consolidated balance sheets includes reserves of $2,085 and $1,852 relating to excess or slow-moving parts inventory and raw materials as of September 30, 2025 and December 31, 2024, respectively.