L.B. Foster Q1 2024 GAAP EPS $0.40 Beats $(0.03) Estimate, Sales $124.320M Beat $114.513M Estimate

5/7/24 8:01:53 AM ET

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L.B. Foster (NASDAQ:FSTR) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $(0.03) by 1433.33 percent. This is a 300 percent increase over losses of $(0.20) per share from the same period last year. The company reported quarterly sales of $124.320 million which beat the analyst consensus estimate of $114.513 million by 8.56 percent. This is a 7.65 percent increase over sales of $115.488 million the same period last year.

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Recent Analyst Ratings for
$FSTR

Date	Price Target	Rating	Analyst
6/6/2022	$18.00 → $14.00	Buy → Neutral	B. Riley Securities
3/10/2022	$21.00 → $18.00	Buy	B. Riley Securities

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Financials

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L.B. Foster Company Continues to Deliver on its Strategy Reporting Strong Growth in Profitability and Cash Generation in Third Quarter Results
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
11/7/24 8:00:00 AM ET
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L.B. Foster Company to Report Third Quarter 2024 Results on November 7, 2024
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
10/31/24 12:00:15 PM ET
$FSTR
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L.B. Foster Company Reports Tempered Second Quarter Results after Strong First Quarter; Updates 2024 Financial Guidance and Stock Repurchase Program; Continues Enterprise Restructuring Aligned with Growth Strategy
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
8/6/24 8:00:00 AM ET
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L.B. Foster Company Continues to Deliver on its Strategy Reporting Strong Growth in Profitability and Cash Generation in Third Quarter Results
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
11/7/24 8:00:00 AM ET
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L.B. Foster Company to Report Third Quarter 2024 Results on November 7, 2024
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
10/31/24 12:00:15 PM ET
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L.B. Foster Company to Present Virtually at Singular Research Autumn Equinox 2024 Webinar on September 11, 2024
PITTSBURGH, Sept. 04, 2024 (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 at the Singular Research Autumn Equinox 2024 Webinar on September 11, 2024, beginning at 9:00 AM 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 pag
9/4/24 1:00:00 PM ET
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Leadership Updates

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Alexander B. Jones from 22NW, LP to be Added to the Board and Nominated to Serve on Culp, Inc. Board of Directors at 2024 Annual Shareholders Meeting.
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
6/17/24 4:15:00 PM ET
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L.B. Foster Company Announces the Appointment of Janet Lee to its Board of Directors and the Retirements of Suzanne B. Rowland and Robert S. Purgason
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
12/2/22 3:08:45 PM ET
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L.B. Foster Announces the Appointment of Raymond T. Betler as Chairman of the Board of Directors
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
6/15/22 11:56:48 AM ET
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L.B. Foster Q1 2024 GAAP EPS $0.40 Beats $(0.03) Estimate, Sales $124.320M Beat $114.513M Estimate

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$FSTR Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by L.B. Foster Company

SEC Form SC 13G/A filed by L.B. Foster Company (Amendment)

SEC Form SC 13G/A filed by L.B. Foster Company (Amendment)

$FSTR Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Controller Reilly Sean M bought $10,210 worth of shares (620 units at $16.47), increasing direct ownership by 3% to 24,163 units (SEC Form 4)

SVP, Chief Growth Officer Friedman Brian Hunter bought $8,945 worth of shares (500 units at $17.89), increasing direct ownership by 3% to 19,461 units (SEC Form 4)

EVP & CFO Thalman William M bought $41,975 worth of shares (2,500 units at $16.79), increasing direct ownership by 4% to 58,806 units (SEC Form 4)

$FSTR Market Insights

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B. Riley Securities Maintains Neutral on L.B. Foster, Raises Price Target to $27

L.B. Foster Sees FY2024 Sales $525.000M-560.000M vs $548.89M Est