L.B. Foster downgraded by B. Riley Securities with a new price target
$FSTR
Metal Fabrications
Industrials
B. Riley Securities downgraded L.B. Foster from Buy to Neutral and set a new price target of $14.00 from $18.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/27/2025 | $25.00 | Neutral | B. Riley Securities |
| 6/6/2022 | $18.00 → $14.00 | Buy → Neutral | B. Riley Securities |
| 3/10/2022 | $21.00 → $18.00 | Buy | B. Riley Securities |
SC 13G/A - FOSTER L B CO (0000352825) (Subject)
SC 13G/A - FOSTER L B CO (0000352825) (Subject)
SC 13G/A - FOSTER L B CO (0000352825) (Subject)
Culp, Inc. (the Company) (NYSE:CULP) today announced that it has entered into a cooperation agreement with 22NW, LP, one of the Company's largest shareholders. Pursuant to the agreement, the Company will add Mr. Alexander B. Jones to the board, effectively immediately, and Mr. Jones will serve as a nominee to its slate of directors at the September 2024 Annual Shareholders Meeting. Mr. Jones is a Vice President and Sr. Research Analyst at 22NW where he oversees the firm's investments in the industrials, materials, and consumer sectors. Mr. Jones is currently an Independent Director at the L.B Foster Company, (NASDAQ:FSTR). Franklin Saxon, Culp, Inc. Chairman of the Board of Directors, c
PITTSBURGH, Dec. 02, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), a global solutions provider of products and services for the rail and infrastructure markets, announced today that Ms. Janet Lee has been appointed to the Company's Board of Directors effective January 1, 2023, following the retirements of Ms. Suzanne B. Rowland and Robert S. Purgason on December 31, 2022. Ms. Lee brings a wide range of knowledge and skills to the board that includes more than three decades of legal experience in both private practice and in global, public companies leading up to her current position of Vice President, General Counsel, and Secretary of ANSYS, Inc. (NASDAQ:ANSS), in which capa
PITTSBURGH, June 15, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), a leading manufacturer and distributor of products and provider of services for transportation and energy infrastructure, announced today that Raymond T. Betler has been appointed as the Chairman of the Company's Board of Directors effective June 2, 2022. Mr. Betler was previously appointed to the Board of Directors on August 3, 2020, where he brought a wide range of knowledge and skills to the board. He is replacing Lee B. Foster II as Chairman of the Board of Directors for L.B. Foster Company who retired on June 2, 2022. Mr. Betler's experience includes more than four decades in the transportation industry
4 - FOSTER L B CO (0000352825) (Issuer)
4 - FOSTER L B CO (0000352825) (Issuer)
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SD - FOSTER L B CO (0000352825) (Filer)
8-K - FOSTER L B CO (0000352825) (Filer)
S-8 - FOSTER L B CO (0000352825) (Filer)
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
PITTSBURGH, March 13, 2025 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR, the "Company")), announced today that John Kasel, President and Chief Executive Officer, and Bill Thalman, Executive Vice President and Chief Financial Officer, will present virtually at the Sidoti Small Cap Virtual Conference on March 20, 2025, beginning at 2:30 PM EST. Presentation materials for the conference will be posted on the Company's Investor Relations website under "Presentations" the morning of the conference. A video webcast and a video replay will be available online. A webcast registration link will be available on the L.B. Foster website: www.lbfoster.com, under the Investor Relations page, on
4 - FOSTER L B CO (0000352825) (Issuer)
4 - FOSTER L B CO (0000352825) (Issuer)
4 - FOSTER L B CO (0000352825) (Issuer)
B. Riley Securities resumed coverage of L.B. Foster with a rating of Neutral and set a new price target of $25.00
B. Riley Securities downgraded L.B. Foster from Buy to Neutral and set a new price target of $14.00 from $18.00 previously
B. Riley Securities reiterated coverage of L.B. Foster with a rating of Buy and set a new price target of $18.00 from $21.00 previously
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