FSTR - Earnings announcements

First quarter net sales totaled $121.1 million, up 23.9% over last year; Rail segment sales growth was exceptionally strong improving 38.4%, while Infrastructure sales were also favorable up 5.9%.First quarter net income of $1.5 million was up $3.6 million over last year; EBITDA1 of $5.2 million was up $3.3 million over last year driven by volume and strong gross profit expansion; Selling and administrative expenses as a percentage of sales were 19.0% for the quarter, favorable 240 bps versus last year.Cash flow used in operations in the quarter was $10.4 million, a $15.7 million improvement over last year; Gross Leverage Ratio1 was 1.2x at quarter end significantly improved compared to 2.5x

PITTSBURGH, April 27, 2026 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR, the "Company")), today announced that it will release its 2026 first quarter results, pre-market opening on Monday, May 4, 2026. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business that morning at 8:30 A.M. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. The conference call will be webcasted live through L.B. Foster's Investor Relations page of the Company's website (www.lbfoster.com). The webcast is listen-only. A webcast replay wil

Fourth quarter net sales totaled $160.4 million, up 25.1% over last year with increases of 23.7% in Rail and 27.3% in Infrastructure, both driven by strong improvements in North American demand. Fourth quarter net income of $2.4 million was favorable $2.6 million versus last year; Adjusted EBITDA1 of $13.7 million increased $6.4 million, or 89.0%, versus last year; Selling and administrative expenses as a percentage of sales were 14.4% for the quarter, favorable 470 bps versus last year.Full year 2025 cash flow from operations was $35.6 million, with $22.2 million generated in the fourth quarter; operating cash flow was used to reduce total debt by $16.0 million during the quarter to $42.8 m

PITTSBURGH, Feb. 24, 2026 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR, the "Company")), today announced that it will release its fourth quarter and full year 2025 operating results, pre-market opening on Tuesday, March 3, 2026. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business that morning at 8:30 A.M. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. The conference call will be webcasted live through L.B. Foster's Investor Relations page of the Company's website (www.lbfoster.com). The webcast is listen

Third quarter sales up 0.6% over last year driven by 4.4% increase in Infrastructure; Rail sales down 2.2%, with Global Friction Management and Total Track Monitoring up 9.0% and 135.1%, respectivelyBacklog1 of $247.4 million up 18.4% over last year driven by 58.2% increase in Rail; all Rail business units realized substantial backlog increases, with Rail Products up 59.9%, Global Friction Management up 28.7%, and Technology Services and Solutions up 77.7% driven by improved order rates in the UKThird quarter operating cash flow was $29.2 million; $26.4 million in Free Cash Flow1 drove Gross Leverage1 to 1.6x, down 0.6x during the quarter; $4.7 million deployed to repurchase 184,143 sharesRe

PITTSBURGH, Oct. 27, 2025 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR, the "Company")), today announced that it will release its third quarter results, pre-market opening on Monday, November 3, 2025. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business that morning at 8:30 A.M. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. The conference call will be webcasted live through L.B. Foster's Investor Relations page of the Company's website (www.lbfoster.com). The webcast is listen-only. A webcast replay will

  Second quarter net income of $2.8 million up 1.3% over last year; Adjusted EBITDA1 of $12.2 million up 51.4% on 2.0% organic sales growth led by Precast Concrete business unit up 36.0%Robust order rates increased backlog1 to $269.9 million, up 8.1% over prior year; Rail backlog up 13.9% with recovery of Rail Products, up 28.4%, and growing demand for Global Friction Management, up 22.1%Revised 2025 guidance mid-points assume a 25.1% increase in Adjusted EBITDA versus last year on 2.7% organic sales growth; 2025 second half Adjusted EBITDA anticipated up 42.8% on 14.3% sales growth   PITTSBURGH, Aug. 11, 2025 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), a global technology so

PITTSBURGH, Aug. 04, 2025 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR, the "Company")), today announced that it will release its second quarter results, pre-market opening on Monday, August 11, 2025. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business that morning at 8:30 A.M. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. The conference call will be webcast live through L.B. Foster's Investor Relations page of the Company's website (www.lbfoster.com). The webcast is listen-only. A webcast replay will b

Sales and profitability down from last year's exceptionally-strong first quarter due to lower demand in Rail Distribution; Infrastructure sales were up 5.0% year over year driven by Precast Concrete growth.Strong order rates across the portfolio increased backlog1 $51.3 million, or 27.6%, during the quarter to $237.2 million; Backlog1 up $15.0 million, or 6.7% over last year, with improved profitability mix.Maintaining full year financial guidance, with improving sales and profitability expected in second quarter. PITTSBURGH, May 06, 2025 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), a global technology solutions provider of products and services for the rail and infrastructure

PITTSBURGH, April 29, 2025 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR, the "Company")), today announced that it will release its first quarter results, pre-market opening on Tuesday, May 6, 2025. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business later that morning at 11:00 A.M. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. The conference call will be webcasted live through L.B. Foster's Investor Relations page of the Company's website (www.lbfoster.com). The webcast is listen-only. A webcast replay

Fourth quarter and full year 2024 gross margins improved 100 and 160 basis points while net sales were down 5.0% and 2.4%, respectively, highlighting improved portfolio profitability year over year.Fourth quarter net loss of $0.3 million was favorable $0.2 million versus last year; adjusted EBITDA1 of $7.2 million was favorable $1.1 million, or 18.7%, over the prior year quarter.Full year 2024 cash flow from operations was $22.6 million, with $24.3 million generated in the fourth quarter; Total debt declined $21.6 million during the quarter to $46.9 million; Gross Leverage Ratio1 of 1.2x decreased 0.7x during the quarter and 0.5x compared to last year.The Company's Board of Directors authori

PITTSBURGH, Feb. 25, 2025 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR, the "Company")), today announced that it will release its fourth quarter and full year 2024 operating results, pre-market opening on Tuesday, March 4, 2025. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business later that morning at 11:00 A.M. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. The conference call will be webcasted live through L.B. Foster's Investor Relations page of the Company's website (www.lbfoster.com). The webcast is

Third quarter gross margin was 23.8%, the highest quarterly level achieved in over ten years, on lower net sales of $137.5 million, demonstrating improved portfolio profitability and strategic execution.Third quarter net income of $35.9 million was up $35.5 million over the prior year, due primarily to a favorable $30.0 million tax valuation allowance adjustment; third quarter adjusted EBITDA1 of $12.3 million was up 16.4% over the prior year.Third quarter cash provided by operations was $24.7 million; net debt1 of $65.4 million down $17.7 million during the quarter and down $3.3 million from the prior year quarter end; Gross Leverage Ratio1 of 1.9x decreased 0.8x during the quarter and 0.1x

PITTSBURGH, Oct. 31, 2024 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR, the "Company")), today announced that it will release its third quarter results, pre-market opening on Thursday, November 7, 2024. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business later that morning at 11:00 A.M. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. The conference call will be webcasted live through L.B. Foster's Investor Relations page of the Company's website (www.lbfoster.com). The webcast is listen-only. A webcast re

  Second quarter net sales of $140.8 million down 4.9% year over year (organic1 down 3.4%); net sales up 13.3% sequentially over the first quarter.Gross profit of $30.5 million down 5.4% year over year; gross margins were flat at 21.7%.Second quarter net income of $2.8 million down $0.7 million, or 19.4%, from the prior year; second quarter adjusted EBITDA1 of $8.1 million down $2.5 million, or 23.8%, from the prior year.Net debt1 of $83.2 million down $2.5 million from the prior year quarter end and Gross Leverage Ratio1 of 2.7x up 0.2x over last year's comparable quarter end. Second quarter new orders1 were $171.0 million, down $12.7 million from last year, but up sequentially $38.6 mil

PITTSBURGH, July 30, 2024 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR, the "Company"))), today announced that it will release its second quarter results, pre-market opening on Tuesday, August 6, 2024. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business later that morning at 11:00 A.M. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. The conference call will be webcasted live through L.B. Foster's Investor Relations page of the Company's website (www.lbfoster.com). The webcast is listen-only. A webcast rep

First quarter net sales of $124.3 million up 7.6% year over year (up 16.9% organically1); gross profit of $26.2 million up 12.7% year over year with gross margins expanding 90 basis points ("bps") to 21.1%.First quarter net income of $4.4 million favorable $6.6 million year over year; first quarter adjusted EBITDA1 of $5.9 million up 32.4% year over year.Net debt1 of $74.9 million down $2.5 million and Gross Leverage Ratio1 of 2.2x down 0.2x versus last year's comparable quarter end. Net debt at quarter end included the impact of $3.5 million in net proceeds received for a non-core property sale completed during the quarter.First quarter new orders1 were $132.4 million, down $7.1 million fro

PITTSBURGH, April 30, 2024 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR, the "Company"))), today announced that it will release its first quarter results, pre-market opening on Tuesday, May 7, 2024. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business later that morning at 11:00 A.M. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. The conference call will be webcasted live through L.B. Foster's Investor Relations page of the Company's website (www.lbfoster.com). The webcast is listen-only. A webcast replay

Full year 2023 net sales of $543.7 million up 9.3% over prior year (up 11.7% organically) and $3.7 million above the upper end of guidance range; gross margins expanded 270 basis points to 20.7%.Fourth quarter net sales of $134.9 million down 1.7% from prior year quarter (up 7.7% organically1); gross margins expanded 200 basis points to 21.5%.Full year 2023 net cash flow from operations of $37.4 million was favorable $48.0 million over 2022, with free cash flow1 totaling $33.0 million and $2.3 million in stock repurchases representing approximately 1.2% of its outstanding common stock.Net debt1 declined $36.3 million in 2023, finishing at $52.7 million and gross leverage per the Company's cr

PITTSBURGH, Feb. 20, 2024 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR, the "Company"))), today announced that it will release its fourth quarter and full year 2023 operating results, pre-market opening on Tuesday, March 5, 2024. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business later that morning at 11:00 A.M. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. The conference call will be webcasted live through L.B. Foster's Investor Relations page of the Company's website (www.lbfoster.com). The webcast i

Third quarter net sales of $145.3 million up 11.8% year over year (10.0% adjusted for non-routine items1). Adjusted organic growth1 was 12.6% partially offset by portfolio changes of 2.6%.Gross profit of $28.2 million up 22.2% year over year (up 12.1% adjusted for non-routine items1); gross margins of 19.4% up 160 basis points ("bps") year over year, (up 40 bps for the quarter and 250 bps for the year-to-date period adjusted for non-routine items1).Third quarter net income of $0.5 million was favorable $2.6 million year over year; third quarter adjusted EBITDA1 of $10.6 million up 14.2% year over year.Strong cash flow generation reduced net debt1 by $16.9 million during the quarter to $68.7

PITTSBURGH, Oct. 31, 2023 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR, the "Company"))), today announced that it will release its third quarter operating results, pre-market opening on Tuesday, November 7, 2023. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business later that morning at 11:00 A.M. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. The conference call will be webcasted live through L.B. Foster's Investor Relations page of the Company's website (www.lbfoster.com). The webcast is listen-only. A

Second quarter net sales of $148.0 million up 12.6% year over year (13.3% organic); gross profit of $32.3 million up 38.5% year over year, with gross margins improving 410 bps to 21.8%.Completed sale of prestressed concrete railroad tie business ("Ties") operating assets within the Rail, Technologies, and Services segment, in line with its strategic playbook.Second quarter net income of $3.5 million up $1.5 million year over year, despite $1.0 million loss on Ties sale; second quarter adjusted EBITDA1 of $10.6 million (7.2% of sales) up $4.5 million, or 72.9%, year over year.Seasonal working capital needs increased net debt1 $8.2 million during the quarter to $85.6 million at quarter end; Gr

PITTSBURGH, Aug. 01, 2023 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR, the "Company"))) today announced that it will release its second quarter operating results, pre-market opening on Tuesday, August 8, 2023. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business later that morning at 11:00 A.M. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. The conference call will be webcasted live through L.B. Foster's Investor Relations page of the Company's website (www.lbfoster.com). The webcast is listen-only. A we

First quarter net sales of $115.5 million up 16.9% year over year (11.5% organic); gross profit of $23.3 million up 41.6% year over year, with gross margins improving 360 bps to 20.2%.Completed sale of Chemtec Precision Measurement Products and Systems business ("Chemtec") during the quarter, reducing energy market exposure in line with strategic transformation plan.First quarter net loss of $2.2 million unfavorable $0.6 million year over year on $2.0 million Chemtec sale loss; first quarter adjusted EBITDA1 of $4.5 million, up $2.8 million, or 171.6%, year over year.Solid cash generation during the quarter with net debt1 reduction of $11.5 million; Gross Leverage Ratio1 of 2.4x down from 2.

PITTSBURGH, May 02, 2023 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), today announced that it will release its first quarter operating results, pre-market opening on Tuesday, May 9, 2023. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business later that morning at 11:00 A.M. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. The conference call will be webcasted live through L.B. Foster's Investor Relations page of the Company's website (www.lbfoster.com). The webcast is listen-only. A webcast replay will be

Fourth quarter net sales of $137.2 million up 21.4% year over year, with gross margins expanding 260 basis points to 19.5% for the quarter.Fourth quarter adjusted EBITDA1 of $7.5 million up $4.3 million, or 132.6%, year over year.Fourth quarter net loss of $43.9 million unfavorable $43.6 million versus prior year due to a $37.9 million deferred tax asset valuation allowance and asset impairment charges of $8.0 million.Improved profitability and cash generation in the fourth quarter, with net debt1 finishing at $89.0 million and gross leverage per the Company's credit agreement1 declining from 3.3x to 2.8x as of quarter end.Fourth quarter new orders1 of $137.8 million increased 44.8% year ov

PITTSBURGH, Feb. 21, 2023 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), today announced that it will release its fourth quarter and full year 2022 operating results, pre-market opening on Monday, March 6, 2023. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business later that morning at 11:00 A.M. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. The conference call will be webcasted live through L.B. Foster's Investor Relations page of the Company's website (www.lbfoster.com). The webcast is listen-only. A w

Third quarter net sales of $130.0 million flat with prior year; up 8.7% organically, 11.8% adjusted for nonroutine items1.Third quarter net loss $2.1 million down $4.3 million from last year; Adjusted EBITDA1 of $9.3 million in current quarter, up $4.9 million, or 110.8%, over last year adjusting for nonroutine items.Backlog totaled $272.8 million at quarter end, a 5-year high, with infrastructure-related commercial activity increasing. PITTSBURGH, Nov. 08, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), a global solutions provider of products and services for the rail and infrastructure markets (the "Company"), today reported its 2022 third quarter operating results. The Co

PITTSBURGH, Nov. 01, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), today announced that it will release its third quarter 2022 operating results, pre-market opening on Tuesday, November 8, 2022. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business later that morning at 11:00 A.M. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. The conference call will be webcasted live through L.B. Foster's Investor Relations page of the Company's website (www.lbfoster.com). The webcast is listen-only. A webcast repl

PITTSBURGH, Aug. 12, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), a global solutions provider of products and services for the rail and infrastructure markets, today announced that its wholly-owned subsidiary, CXT Incorporated ("CXT") (L.B. Foster and CXT are sometimes collectively referred to as the "Company"), has acquired the operating assets of VanHooseCo Precast LLC, a privately-held business headquartered in Loudon, Tennessee specializing in precast concrete walls, water management products, and traditional precast products for the industrial, commercial and residential infrastructure markets ("VanHooseCo"). VanHooseCo's ~100 employees will be retained by CXT at VanHoo

PITTSBURGH, Aug. 09, 2022 (GLOBE NEWSWIRE) --  L.B. Foster Company (NASDAQ:FSTR), a global solutions provider of products and services for the rail and infrastructure markets (the "Company"), today reported its 2022 second quarter operating results, which included the following performance highlights. The Company divested its Piling Products division ("Piling") in September 2021, and this release reflects certain adjustments related to Piling, as appropriate. In addition, the Company completed the acquisitions of Skratch Enterprises Ltd. ("Skratch") and Intelligent Video Ltd. ("IV") on June 21, 2022 and July 6, 2022, respectively, and the divestiture of its rail spikes and anchors track co

PITTSBURGH, Aug. 02, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), today announced that it will release its second quarter 2022 operating results, pre-market opening on Tuesday, August 9, 2022. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business later that morning at 11:00 A.M. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. The conference call will be webcast live through L.B. Foster's Investor Relations page of the Company's website (www.lbfoster.com). The webcast is listen-only. A webcast repla

PITTSBURGH, May 10, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), a global solutions provider of products and services for the rail and infrastructure markets (the "Company"), today reported its 2022 first quarter operating results, which included the following performance highlights. The Company divested its Piling Products division ("Piling") in September 2021, and this release reflects certain adjustments related to Piling, as appropriate. New orders totaling $135.4 million for the 2022 first quarter increased 17.7% over the prior year quarter and 42.2% sequentially. Backlog totaling $244.6 million increased by $4.7 million, or 1.9%, compared to the prior year quarter, as

PITTSBURGH, April 28, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), today announced that it will release first quarter 2022 operating results pre-market opening on Tuesday, May 10, 2022. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business later that morning at 11:00 a.m. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. Those wishing to participate via telephone may dial in at (833) 614-1392 (U.S. & Canada) or (914) 987-7113 (International). Those wishing to participate via webcast should access the c

PITTSBURGH, March 01, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), a global solutions provider of products and services for the rail and infrastructure markets (the "Company"), today reported its 2021 fourth quarter and full year operating results, including the performance highlights below. The Company divested its steel Piling Products division ("Piling") in September 2021, and this release reflects certain adjustments related to Piling, as appropriate. Net sales for the 2021 fourth quarter were $113.0 million, a $2.6 million decrease, or 2.3%, from the fourth quarter of 2020. Excluding Piling, net sales1 for the 2021 fourth quarter were $111.3 million, a $9.0 million inc

PITTSBURGH, Feb. 22, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), today announced that it will release fourth quarter and full year 2021 operating results pre-market opening on Tuesday, March 1, 2022. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business later that morning at 11:00 a.m. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. Those wishing to participate via telephone may dial in at (833) 614-1392 (U.S. & Canada) or (914) 987-7113 (International). Those wishing to participate via webcast sh

PITTSBURGH, Nov. 02, 2021 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), a leading provider of products and services for the rail industry and solutions to support critical infrastructure projects, today reported its 2021 third quarter operating results, which included the following performance highlights: Net sales for the 2021 third quarter were $130.1 million, an $11.7 million increase, or 9.9%, over the third quarter of 2020. Gross profit for the 2021 third quarter was $22.3 million, a $0.2 million improvement, or 1.0%, from the prior year quarter. The 2021 third quarter gross profit margin was 17.1% versus 18.6% in last year's comparable quarter. Selling and administrative

PITTSBURGH, Oct. 26, 2021 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), today announced that it will release third quarter 2021 operating results pre-market on Tuesday, November 2, 2021. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business later that morning at 11:00 a.m. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page immediately after the Company's earnings release. Those wishing to participate via telephone may dial in at (833) 614-1392 (U.S. & Canada) or (914) 987-7113 (International). Those wishing to participate via webcast should access the ca

PITTSBURGH, Sept. 27, 2021 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR, the Company))), a leading provider of products and services for the rail industry and solutions to support critical infrastructure projects, announced today that it completed the sale of its steel Piling Products line of business to J.D. Fields & Company, Inc. on September 24, 2021 for approximately $24 million in total proceeds. The Company is retaining all pre-closing receivables and liabilities associated with the business. The asset sale includes all inventory held by the Company associated with the line of business, as well as the related fixed assets, including its Petersburg, VA facility. John Kasel, P

PITTSBURGH, Aug. 03, 2021 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), a leading provider of products and services for the rail industry and solutions to support critical infrastructure projects, today reported its 2021 second quarter operating results, which included the following performance highlights: Net sales for the 2021 second quarter were $154.5 million, a $38.4 million sequential increase, or 33.1%, over the first quarter, and a $13.0 million increase, or 9.2%, year-over-year.Gross profit for the 2021 second quarter was $26.2 million, a $7.3 million sequential improvement, or 38.9%, over the first quarter. This year's second quarter gross profit declined $2.0 million,

PITTSBURGH, July 27, 2021 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), today announced that it will release second quarter 2021 operating results pre-market on Tuesday, August 3, 2021. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business on Tuesday, August 3, 2021 at 11:00 a.m. Eastern Time. A presentation will be available on the Company's website under the Investor Relations page on August 3, 2021 immediately after the Company's earnings release. Those wishing to participate via telephone may dial in at (833) 614-1392 (U.S. & Canada) or (914) 987-7113 (International). Those wishing to participate via webcast