L. B. Foster

L.B. Foster Co. engages in providing products and services for the rail industry and solutions to support infrastructure projects. It operates through the following segments: Rail Technologies & Services, Precast and Steel Products & Measurement. The Rail Technologies & Services segment consists of manufacturing and distribution businesses that provide products and services for freight and passenger railroads and industrial companies. The Precast Concrete Products segment involves manufacturing, distribution, and service businesses that provide products and services for the transportation, energy, and general infrastructure markets in North America. The Steel Products and Measurement segment designs, manufactures, and supplies steel bridge products to contractors performing installation and repair work to North American transportation infrastructure network. The company was founded by Lee B. Foster in 1902 and is headquartered in Pittsburgh, PA.

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L.B. Foster (FSTR) reports robust Q4 performance and outlines growth plans

L.B. Foster's Q4 2022 earnings call showcased strong financial performance, strategic transformation success, and positive outlook for 2023. The company's focus on acquisitions, divestitures, and growth initiatives underpins its confidence in future prospects.

L.B. Foster reports robust Q1 performance, sets ambitious revenue targets

L.B. Foster delivered a strong Q1 performance with notable sales growth, margin expansion, and improved liquidity metrics.
The company's strategic focus on organic growth, cost management, and shareholder value enhancement underpins its long-term financial objectives.
While facing revenue guidance challenges, L.B. Foster remains committed to achieving ambitious revenue and EBITDA targets by 2025.
Navigating market dynamics and seizing growth opportunities will be crucial for L.B. Foster to sustain its financial momentum and drive shareholder value.

L.B. Foster (FSTR) posts strong Q2 results, eyes $600M sales by 2025

L.B. Foster demonstrates robust growth and strategic focus in Q2 2023.
Management prioritizes organic growth, profitability, and shareholder value.
Analysts seek insights on backlog, price realization, and future plans.
Company aims for significant sales and EBITDA targets by 2025.

L.B. Foster reports solid Q3 results, eyes domestic market growth

L.B. Foster's Q3 performance showed strong sales growth and cash flow generation, with a focus on debt reduction. Challenges include soft order intake and backlog decline. The company sees opportunities in domestic markets and remains cautious about the U.K.

L.B. Foster (FSTR) exceeds expectations in Q4, eyes 2025 growth

L.B. Foster (FSTR) delivered strong financial performance in Q4 and exceeded full-year guidance, showcasing resilience and growth potential.
While facing challenges such as declining sales due to divestitures, the company's strategic transformation and financial discipline position it well for future success.
Opportunities lie in optimizing costs, achieving 2025 targets, and leveraging operational improvements for sustained growth and profitability.
Overall, L.B. Foster (FSTR) remains focused on driving value for shareholders through operational efficiency and strategic execution.

L.B. Foster reports robust Q1 growth, eyes infrastructure market opportunities

L.B. Foster delivered a strong performance in Q1 2024, driven by growth in organic sales and adjusted EBITDA, particularly in the rail segment.
While facing challenges such as a decrease in Infrastructure Solutions revenue and increased net debt, the company remains optimistic about growth prospects.
Opportunities lie in infrastructure market growth, strategic initiatives, and maintaining a healthy backlog for future business.
Overall, L.B. Foster's focus on profitability and transformation positions it well for continued success and achieving its financial goals.

L.B. Foster navigates Q2 challenges, eyes growth through strategic focus

L.B. Foster faces challenges from economic headwinds but remains resilient with a strategic focus on growth platforms. The company's restructuring efforts and long-term optimism position it well for future opportunities and growth.

L.B. Foster reports record-high margins and strategic growth initiatives

L.B. Foster's Q3 performance reflects strong profitability, cash generation, and strategic investments, positioning the company for sustainable growth.
Management's focus on margin improvement, capital allocation, and organic growth initiatives underscores a commitment to enhancing shareholder value.
While challenges exist in market uncertainties and balancing growth strategies, the company's positive outlook and financial health present opportunities for continued success.

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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.

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.

PITTSBURGH, Dec. 01, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ: FSTR), announced today that Bill Thalman, Senior Vice President and Chief Financial Officer, and Sean Reilly, Controller and Principal Accounting Officer, will present virtually at the Singular Research Best of the Uncovered investor conference. The Company's presentation will begin at 4:00 PM Eastern Time on Thursday, December 8, 2022.

L.B. Foster Company to Present Virtually at Singular Research Best of the Uncovered Conference on December 8, 2022

In a base case scenario where FSTR generates $550m sales, 7% EBITDA margin and $6m capex, it should make $20m FCF. VanHooseCo acquisition for $52m increased debt but the new facility becomes operational post-acquisition date hence yet to report any significant profits.

L.B. Foster: Hidden Value In A Post Acquisition Development

L.B. Foster Company (NASDAQ:FSTR ) Q3 2022 Earnings Conference Call November 8, 2022 11:00 AM ET Corporate Participants Stephanie Listwak - Investor Relations Manager John Kasel - President and Chief Executive Officer William Thalman - Chief Financial Officer Conference Call Participants Alex Rygiel - B. Riley John Bair - Ascend Wealth Advisors Chris Sakai - Singular Research Operator Good day and thank you for standing by.

L.B. Foster Company (FSTR) Q3 2022 Earnings Call Transcript

L.B. Foster (FSTR) delivered earnings and revenue surprises of 50% and 2.03%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

L.B. Foster (FSTR) Surpasses Q3 Earnings and Revenue Estimates

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 Company completed the acquisitions of Intelligent Video Ltd. ("IV") on July 6, 2022 and VanHooseCo Precast, LLC, ("VanHooseCo") on August 12, 2022, and the divestiture of its rail spikes and anchors track components business ("Track Components") on August 1, 2022. The impact of the IV and VanHooseCo acquisitions and the Track Components divestiture is included the Company's third quarter financial information. Where meaningful, this release calls out the impact of these strategic portfolio changes, as well as the divestiture of the Company's Piling Products division ("Piling") in September 2021 and certain other nonroutine items, to highlight operating performance from its ongoing operations. The Company's third quarter performance highlights are reflected below:

L.B. Foster Reports Third Quarter Operating Results

PITTSBURGH, Nov. 07, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (Nasdaq: FSTR), a global solutions provider of products and services for the rail and infrastructure markets ("L.B. Foster" or the “Company”), today announced that the Company's Protective Coatings business in Birmingham, Alabama, through its customer American Cast Iron Pipe Company (“ACIPCO”), has been awarded an order for 2.5 million feet of 24-inch fusion bond epoxy coated pipe and an additional quantity of 24-inch abrasion resistant overcoat coated pipe for the Summit Carbon Solutions LLC (“Summit Carbon Solutions”) carbon capture, transportation, and storage (“CCS”) project. The contract will represent one of the largest orders that the Birmingham line pipe coating facility has filled.

L.B. Foster and ACIPCO Providing Coated Pipe to Summit Carbon Solutions' 2,000 Mile Carbon Capture and Sequestration Pipeline

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.

L.B. Foster Company to Report Third Quarter 2022 Operating Results on November 8, 2022

L.B. Foster (FSTR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Strength Seen in L.B. Foster (FSTR): Can Its 10.3% Jump Turn into More Strength?

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PITTSBURGH, Sept. 07, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ: FSTR), announced today that John Kasel, President and Chief Executive Officer, and Bill Thalman, Senior Vice President and Chief Financial Officer, will present virtually at the Singular Research Midwestern Values investor conference. The Company's presentation will begin at 4:45 PM Eastern Time on Wednesday, September 14, 2022.

L.B. Foster Company to Present Virtually at Singular Research Midwestern Values Investor Conference on September 14, 2022

PITTSBURGH, Aug. 17, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ: FSTR), announced today that John Kasel, President and Chief Executive Officer, and Bill Thalman, Senior Vice President and Chief Financial Officer, will present at the Three Part Advisors Midwest IDEAS Investor Conference at The Gwen hotel in Chicago, IL. The Company's presentation will begin at 3:45 PM Central Time on Wednesday, August 24, 2022.

L.B. Foster Company to Present at Three Part Advisors' 12th Annual Midwest IDEAS Investor Conference on August 24, 2022 in Chicago, IL

L.B. Foster Company (NASDAQ:FSTR ) Q2 2022 Earnings Conference Call August 9, 2022 11:00 AM ET Company Participants Stephanie Listwak - Investor Relations Manager John Kasel - President and Chief Executive Officer William Thalman - Senior Vice President and Chief Financial Officer Conference Call Participants Alexander Rygiel - B. Riley Securities, Inc. Christopher Sakai - Singular Research, LLC Operator Good day and thank you for standing by.

L.B. Foster Company (FSTR) CEO John Kasel on Q2 2022 Results - Earnings Call Transcript

Amends Revolving Credit Agreement to Accommodate the Acquisition Amends Revolving Credit Agreement to Accommodate the Acquisition

L.B. Foster Expands Precast Concrete Business with Acquisition of VanHooseCo Precast Operating Assets

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 components business ("Track Components") on August 1, 2022. The impact of the Skratch acquisition is included the Company's second quarter financial information.

L.B. Foster Reports Second Quarter Operating Results

PITTSBURGH, Aug. 05, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (Nasdaq: FSTR “Company”), a global solutions provider of products and services for the rail and infrastructure markets, today announced the sale of its rail spikes and anchors track components business located in St-Jean-sur-Richelieu, Quebec, Canada (the “Business”) to Gerdau Ameristeel Corporation located in Whitby, Ontario, Canada (“Gerdau”). Cash proceeds from the transaction are expected to total approximately CAD 10.2 million (or US $7.8 million), subject to customary indemnification obligations and working capital adjustment. Revenues from the divested Business totaled approximately US $14 million for the trailing-twelve-months ended June 30, 2022.

L.B. Foster Announces Track Components Business Divestiture

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.

L.B. Foster Company to Report Second Quarter 2022 Operating Results on August 9, 2022

PITTSBURGH, Aug. 01, 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 its acquisition of Skratch Enterprises Ltd. (“Skratch”), a Telford, UK-based digital solutions specialty company, and Intelligent Video Ltd. (“IV”) of Leamington Spa, UK.

L.B. Foster Announces Two UK-Based Rail Technologies Acquisitions

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.

L.B. Foster Announces the Appointment of Raymond T. Betler as Chairman of the Board of Directors

PITTSBURGH, June 14, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ: FSTR), announced today that John Kasel, President and Chief Executive Officer, and Bill Thalman, Senior Vice President and Chief Financial Officer, will present virtually at the Lytham Partners Summer 2022 Virtual Investor Conference. The Company's presentation will begin at 9:00 AM Eastern Time on Tuesday, June 21, 2022.

L.B. Foster Company to Present at the Lytham Partners Summer 2022 Virtual Investor Conference on June 21, 2022

PITTSBURGH, June 02, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ: FSTR), a leader in rail technologies and services, has been awarded the RAVS Plus® recognition by ISNetworld (ISN), one of the largest global safety compliance groups. RAVS® is a safety compliance standard that stands for “Review and Verification Services” and is used to verify the effectiveness of health & safety programs, where currently a limited percentage of contractors have earned. Participation in the RAVS Plus® program is by invitation only and recognizes a company for outstanding commitment to safety.

L.B. Foster Awarded ISN RAVS Plus® Demonstrating our Culture of Health & Safety

PITTSBURGH, May 26, 2022 (GLOBE NEWSWIRE) -- Delegates from 20 countries around the world attending a three-day international railroad conference in Denver, CO, will visit L.B. Foster's production facilities in Pueblo, CO, to learn more about the company's range of innovative technology solutions designed to save lives and prevent accidents on level crossings.

L.B. Foster Hosts Delegates from 20 Countries at ILCAD '22

L.B. Foster Company (NASDAQ:FSTR ) Q1 2022 Earnings Conference Call May 10, 2022 11:00 AM ET Company Participants John F. Kasel – President and Chief Executive Officer Stephanie Listwak – Investor Manager William Thalman – Senior Vice President and Chief Financial Officer Conference Call Participants Christopher Sakai – Singular Research Operator Good day, and welcome to the First Quarter 2022 L.B.

L.B. Foster Company (FSTR) CEO John F. Kasel on Q1 2022 Results - Earnings Call Transcript

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.

L.B. Foster Reports First Quarter Operating Results

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.

News for L. B. Foster Stock (FSTR)