Welcome to our dedicated page for Foster (Lb) Co news (Ticker: FSTR), a resource for investors and traders seeking the latest updates and insights on Foster (Lb) Co stock.
L.B. Foster Co. (FSTR) is a distinguished American firm renowned for manufacturing, fabricating, and distributing essential products and services, particularly catering to the rail, construction, energy, and utility sectors. Established more than a century ago, L.B. Foster has played a pivotal role in shaping today's infrastructure by providing materials crucial for the construction and maintenance of various landmark projects, such as the Panama Canal, Brooklyn Bridge, and New Orleans flood walls.
The company operates through three core segments: Rail Technologies and Services, Precast Concrete Products, and Steel Products and Measurement. Within the Rail Technologies and Services segment, L.B. Foster supplies new and used rail, trackwork, and accessories. This segment also produces concrete railroad ties, insulated rail joints, power rail, track fasteners, and cover boards.
The Precast Concrete Products segment focuses on creating high-quality concrete solutions for various infrastructure needs, while the Steel Products and Measurement segment deals in steel sheet piling, H-bearing piles, and other piling products vital for foundation and earth retention projects. These segments oversee engineering, manufacturing, distribution, and sales facilities globally.
Furthermore, L.B. Foster has formed strategic alliances with industry-leading manufacturing and engineering firms, enhancing its role as a distributor and service provider. The company remains dedicated to ongoing programs aimed at boosting product quality, refining operational processes, and ensuring employee safety.
Financially, L.B. Foster generates the majority of its revenues from the Rail Technologies and Services segment, supported by a robust performance in the other two segments. Recent achievements include significant contributions to infrastructure projects and continuous innovations in product offerings.
As part of its mission, L.B. Foster is committed to delivering superior products to its customers and fostering an entrepreneurial environment for its employees. This commitment underlines the company’s enduring legacy and ongoing relevance in the essential sectors it serves.
L.B. Foster Company (NASDAQ: FSTR) has announced its participation in Singular Research's Best of the Uncovereds Conference at the Marriott Marquis hotel in San Francisco. John Kasel, President and CEO, and Bill Thalman, Executive Vice President and CFO, will deliver a presentation on December 12, 2024, at 8:30 AM (PST).
Presentation materials will be available on the Company's Investor Relations website under 'Presentations' on the morning of the conference. A video webcast and replay will be accessible through the company's website, with the replay remaining available for 30 days following the event.
L.B. Foster reported strong Q3 2024 results with highest quarterly gross margin of 23.8% in over ten years, despite lower net sales of $137.5 million. Net income increased to $35.9 million, primarily due to a $30.0 million tax valuation allowance adjustment. Adjusted EBITDA grew 16.4% to $12.3 million. Cash from operations was $24.7 million, with net debt reduced by $17.7 million during the quarter. The company repurchased 126,688 shares and updated its 2024 guidance with improved free cash flow outlook.
L.B. Foster Company (NASDAQ: FSTR) has announced it will release its third quarter 2024 results before market opening on Thursday, November 7, 2024. The company will host a conference call at 11:00 A.M. Eastern Time to discuss operating results, market outlook, and business developments. A presentation will be available on the company's website under the Investor Relations page after the earnings release. The conference call will include a webcast and Q&A session, with replay available through November 14, 2024.
L.B. Foster Company (NASDAQ: FSTR) has announced its participation in the Singular Research Autumn Equinox 2024 Webinar on September 11, 2024. John Kasel, President and CEO, and Bill Thalman, Executive VP and CFO, will present at 9:00 AM EST. Presentation materials will be available on the company's Investor Relations website under 'Presentations' on the day of the conference.
A video webcast and replay will be accessible online, with registration available on L.B. Foster's website. The replay will remain available for 30 days. Founded in 1902, L.B. Foster is a global technology solutions provider specializing in engineered products and services for infrastructure. The company operates in North America, South America, Europe, and Asia.
L.B. Foster Company (NASDAQ: FSTR) announced that John Kasel, President and CEO, and Bill Thalman, EVP and CFO, will present at two upcoming investor conferences. They will appear virtually at the Sidoti Micro Cap Virtual Conference on August 14, 2024 at 11:30 AM EDT, and in-person at the Three Part Advisors’ Midwest IDEAS Conference on August 29, 2024 at 3:30 PM CDT in Chicago, IL.
Presentation materials will be posted on the Company’s Investor Relations website the morning of each conference. Video webcasts and replays will also be available online for 90 days post-event. For more information, visit www.lbfoster.com.
L.B. Foster reported softer Q2 results following a strong Q1. Net sales were $140.8M, down 4.9% YoY, but up 13.3% sequentially. Gross profit was $30.5M, down 5.4% YoY, with margins flat at 21.7%. Net income fell 19.4% to $2.8M. Adjusted EBITDA dropped 23.8% to $8.1M. Net debt decreased to $83.2M. New orders were $171M, down 6.9% YoY, but up 29.2% sequentially. The backlog fell 13.9% to $249.8M. 2024 guidance was revised due to uncertain market conditions, with net sales now expected between $525M-$550M, adjusted EBITDA between $34M-$37M, and free cash flow breakeven. The stock repurchase program was modified to increase flexibility, with $11M remaining. Enterprise restructuring continues, expected to save $4.5M annually by 2025. Operating income dropped 29.1% to $4.5M due to lower sales and margins in the Rail segment. CEO John Kasel highlighted near-term headwinds but remains focused on long-term growth.
L.B. Foster Company (NASDAQ: FSTR) has announced the release of its second quarter 2024 results on Tuesday, August 6, 2024, before market opening. The company will host a conference call at 11:00 A.M. Eastern Time to discuss operating results, market outlook, and business developments. A presentation will be available on the company's Investor Relations page following the earnings release.
The conference call will be webcasted live through L.B. Foster's website, with a replay available until August 13, 2024. Participants interested in the Q&A session can register for the call to receive dial-in numbers and a unique PIN. L.B. Foster, founded in 1902, is a global technology solutions provider of engineered, manufactured products and services for infrastructure support.
L.B. Foster (NASDAQ: FSTR), a global provider of technology solutions for rail and infrastructure markets, announced the release of its first Sustainability Report on June 26, 2024. The report underscores the company's dedication to sustainable practices and value creation in manufacturing, natural resources, human capital, intellectual property, and social relationships.
President & CEO John Kasel highlighted the company's alignment with stakeholder sustainability needs and its commitment to transparent reporting. External consultants conducted a materiality assessment, identifying key sustainability topics relevant to investors, customers, employees, and industry peers. The Report adheres to the Global Reporting Initiative (GRI), the Sustainable Accounting Standards Board (SASB) guidelines, and emphasizes a long-term vision of integrated reporting.
Janet Lee, Director and Corporate Responsibility Committee Chair, stated that the report reflects the company's accountability and structured approach to sustainability, focusing on employee practices, environmental footprint, and customer benefits.
Culp has entered a cooperation agreement with its major shareholder, 22NW. As part of this agreement, Alexander B. Jones from 22NW will join Culp's board and will be nominated for a position at the 2024 Annual Shareholders Meeting. Jones, who oversees investments at 22NW, is also an Independent Director at L.B. Foster Company. Both parties have expressed optimism about the collaboration, especially given Culp's ongoing restructuring plan. The full agreement will be filed with the SEC as a form 8-K.
L.B. Foster Company (NASDAQ: FSTR) announced that its CEO, John Kasel, and CFO, Bill Thalman, will present at the Three Part Advisors’ East Coast IDEAS Investor Conference on June 12, 2024, at 9:15 AM EDT in New York, NY. The presentation materials will be available on the company's Investor Relations website the morning of the conference. The event will be webcast live, with a video replay accessible online for 90 days. L.B. Foster, a global provider of engineered products and services, was founded in 1902 and operates in multiple regions including North America, South America, Europe, and Asia. For further information, visit the company's website.
FAQ
What is the current stock price of Foster (Lb) Co (FSTR)?
What is the market cap of Foster (Lb) Co (FSTR)?
What does L.B. Foster Co. do?
Which segments does L.B. Foster Co. operate through?
What kind of products does L.B. Foster provide for the rail industry?
What are some major projects that L.B. Foster has contributed to?
How does L.B. Foster ensure the quality of its products?
What is the primary source of revenue for L.B. Foster?
How does L.B. Foster engage with strategic partners?
What is the focus of the Precast Concrete Products segment?
What kind of steel products does L.B. Foster offer?
What is L.B. Foster's commitment to its employees?
