L.B. Foster Company provides products and services for the rail industry and solutions to support critical infrastructure projects worldwide. The company operates in two segments, Rail Technologies and Services; and Infrastructure Solutions. The Rail Technologies and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors; used rails; rail accessories, including track spikes and anchors, bolts, angle bars, tie plates, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and manufactures insulated rail joints and related accessories. This segment also provides friction management products and application systems, railroad condition monitoring systems and equipment, wheel impact load detection systems, wayside data collection and management systems, track fasteners, and engineered concrete railroad ties; and aftermarket services. The Infrastructure Solutions segment sells and rents steel sheet piling, H-bearing pile, and other piling products; and bridge decking, bridge railing, structural steel fabrications, expansion joints, bridge forms, and other products for highway construction and repair. This segment produces precast concrete buildings and various specialty precast concrete products; and fabricated steel and aluminum products. It also offers pipe coatings for oil and gas pipelines and utilities; precision measurement systems for the oil and gas markets; and solutions for metering and injection systems for the oil and gas markets, as well as threaded pipe products for the oil and gas, industrial water well, and irrigation markets. The company markets its products directly, as well as through a network of agents. L.B. Foster Company was founded in 1902 and is headquartered in Pittsburgh, Pennsylvania.
IPO Year:
Exchange: NASDAQ
Website: lbfoster.com
| 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 |
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
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
PITTSBURGH, Aug. 08, 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 virtually at the Sidoti Micro Cap Virtual Conference on August 14, 2024 beginning at 11:30 AM EDT. Mr. Kasel and Mr. Thalman will also present at the Three Part Advisors' Midwest IDEAS conference on August 29, 2024 beginning at 3:30 PM CDT in Chicago, Illinois. Presentation materials for the conferences will be posted on the Company's Investor Relations website under "Presentations" the morning of each conference. Video webcasts and vid
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
PITTSBURGH, June 26, 2024 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), a global technology solutions provider of products and services for the rail and infrastructure markets (the "Company"), announced today the publication of its first Sustainability Report. The Report reinforces the Company's commitment to sustainable practices with a lens towards creating value across various areas, such as manufacturing, natural, human, intellectual and social & relationship. President & CEO John Kasel commented, "In 2023, we took a step forward to align with stakeholder sustainability needs and position the Company as an invaluable supplier, employer, community member, and investee. Our eff
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, June 05, 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 Three Part Advisors' East Coast IDEAS Investor Conference on June 12, 2024 beginning at 9:15 AM EDT. 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 Relation
PITTSBURGH, May 10, 2024 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), a global technology solutions provider of products and services for the rail and infrastructure markets, today announced its Board of Directors has been recognized as the "Public Company Board of the Year" by the National Association of Corporate Directors (NACD) Three Rivers Chapter. The annual Director of the Year Awards for the Three Rivers Chapter, which covers the Pittsburgh, PA, Buffalo, NY, and Cleveland and Cincinnati, OH, areas, honors company boards and directors in the public, private, and non-profit sectors for their achievements. Raymond T. Betler, Chairman of the L.B. Foster Board, commented, "I
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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
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
B. Riley resumed coverage of L.B. Foster with a rating of Buy and set a new price target of $20.00 from $19.00 previously
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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
PITTSBURGH, June 25, 2021 (GLOBE NEWSWIRE) -- L.B. Foster Company (the "Company") (NASDAQ:FSTR), announced today that Mr. Robert P. Bauer is retiring from the Company after serving as its President and Chief Executive Officer since 2012. The decision is the culmination of a comprehensive CEO succession planning process resulting in the appointment of Mr. John F. Kasel as the Company's next President and CEO, effective July 21, 2021, and his election as a member of the Board of Directors with his term commencing on that same date. Mr. Kasel has held senior management positions with L.B. Foster for 18 years, most recently serving as the Chief Operating Officer. In order to ensure a seamless
PITTSBURGH, Feb. 19, 2021 (GLOBE NEWSWIRE) -- L.B. Foster Company (the “Company”) (NASDAQ: FSTR), has appointed Mr. William (Bill) M. Thalman as Senior Vice President and Chief Financial Officer of the Company, effective March 1, 2021. Mr. Thalman brings to the company considerable experience from a successful career in finance and operating positions. Mr. Thalman was previously employed by Kennametal, Inc., a publicly-traded corporation providing metal cutting and wear-protection solutions to various industries, since 2004, most recently serving as Vice President – Advanced Material Solutions since 2016 and Vice President – Transformation Office since 2019. Prior to his most recent assign
B. Riley Securities analyst Alex Rygiel maintains L.B. Foster (NASDAQ:FSTR) with a Neutral and raises the price target from $23 to $27.
Financial Guidance 2024 Full Year Financial Guidance Low High Net sales $ 525,000 $ 560,000 Adjusted EBITDA $ 34,000 $ 39,000 Free cash flow $ 12,000 $ 18,000 Capital spending as a percent of sales 2.0 % 2.5 %
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.
B. Riley Securities analyst Alex Rygiel maintains L.B. Foster (NASDAQ:FSTR) with a Neutral and raises the price target from $17 to $23.
L.B. Foster Company (NASDAQ:FSTR) reported a fourth-quarter FY23 net sales decline of 1.7% to $134.9 million, beating the consensus of $129.4 million. Net sales increased 7.7% organically and decreased 9.4% due to divestitures. Rail segment’s revenue fell 10.9% Y/Y to $69.3 million owing to the divestiture of the prestressed concrete railroad tie business. Infrastructure segment’s revenue rose 10.3% Y/Y to $65.6 million, led by both Precast Concrete Products and Steel Products business units. The company’s new orders totaled $105.5 million in the quarter, down 23.4% Y/Y, while the backlog totaled $213.8 million (-21.5% Y/Y, partly due to divestitures and a discontinued product line
L.B. Foster (NASDAQ:FSTR) reported quarterly losses of $(0.04) per share which missed the analyst consensus estimate of $0.01 by 500 percent. This is a 121.05 percent decrease over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $134.88 million which beat the analyst consensus estimate of $129.35 million by 4.27 percent. This is a 1.67 percent decrease over sales of $137.17 million the same period last year.
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L.B. Foster (NASDAQ:FSTR) is set to give its latest quarterly earnings report on Tuesday, 2024-03-05. Here's what investors need to know before the announcement. Analysts estimate that L.B. Foster will report an earnings per share (EPS) of $0.01. L.B. Foster bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.20, which was followed by a 1.94% drop in the share