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 appointed Raymond T. Betler as the Chairman of its Board of Directors, effective June 2, 2022. Betler, who has been on the board since August 2020, succeeds Lee B. Foster II, who retired. With over 40 years in the transportation industry, Betler previously served as CEO of Wabtec Corporation. His extensive experience in rail systems positions him to enhance L.B. Foster's growth strategy. John Kasel, President & CEO, expressed confidence in Betler's leadership to positively influence stakeholder outcomes.
L.B. Foster Company (NASDAQ: FSTR) will present at the Lytham Partners Summer 2022 Virtual Investor Conference on June 21, 2022, at 9:00 AM Eastern Time. The presentation will feature John Kasel, President and CEO, along with Bill Thalman, CFO. A video webcast along with a replay will be accessible for one year following the event on the company's website, enhancing transparency for investors. Founded in 1902, L.B. Foster provides engineered solutions to infrastructure challenges globally.
L.B. Foster Company (NASDAQ: FSTR) has received the prestigious RAVS Plus® recognition from ISNetworld, a leading global safety compliance group. This designation, awarded to a select few contractors, highlights the company's strong commitment to safety in its operations. Following an intensive audit with zero deficiencies, the company demonstrated robust safety practices and training for its rail service technicians. This recognition not only enhances customer confidence but also validates the effectiveness of the company's safety culture model, SPIRIT.
On May 26, 2022, L.B. Foster announced it will host delegates from 20 countries at its Pueblo, CO facility during the International Level Crossing Awareness Day (ILCAD) conference, taking place June 9-10. The event aims to enhance level crossing safety, with L.B. Foster showcasing its innovative Insight grade crossing obstacle detection system, utilizing LiDAR technology to improve safety at railroad crossings. Notably, U.S. statistics indicate 5,800 train-car accidents annually, leading to 600 fatalities and 2,300 injuries. L.B. Foster's solutions aim to mitigate these risks and enhance operational safety.
L.B. Foster Company (Nasdaq: FSTR) reported its 2022 first quarter results, noting net sales of $98.8 million, a 14.9% decrease from the previous year, but a 3.7% increase when excluding the divested Piling division. New orders reached $135.4 million, a 17.7% increase year-over-year, with backlog growing to $244.6 million. Despite a net loss of $1.6 million, the company sees potential for revenue growth driven by a strong order backlog and infrastructure investments. However, margin pressure persists due to rising material costs.
L.B. Foster Company (NASDAQ: FSTR) will release its first quarter 2022 operating results before market opening on May 10, 2022. Following the release, a conference call will be held at 11:00 a.m. ET to discuss the results, market outlook, and business developments. Participants can join via telephone or webcast through the Investor Relations page on the company's website. A replay of the call will be available until May 17, 2022. Founded in 1902, L.B. Foster provides engineered solutions for infrastructure projects globally.
L.B. Foster Company (NASDAQ: FSTR) reported its 2021 fourth quarter and full-year results, indicating a challenging year. Fourth quarter net sales decreased by 2.3% to $113.0 million, though excluding the divested steel Piling segment, sales rose 8.8%. Gross profit fell 12.2%, with a margin of 16.9%. A net loss of $0.4 million was reported, contrasting with a profit last year. Adjusted EBITDA plummeted 53.2%. Total debt decreased to $31.3 million, with a net leverage ratio of 1.1x. However, new orders fell 39.2% in Q4. The company aims for improved margins in 2022 through pricing strategies and operational adjustments.
L.B. Foster Company (NASDAQ: FSTR) will announce its fourth quarter and full year 2021 operating results on March 1, 2022, before the market opens. A conference call will follow at 11:00 a.m. ET to discuss the results and market outlook. Participants can join via telephone or through the webcast on the Company’s Investor Relations page. A replay will be available until March 8, 2022. Founded in 1902, L.B. Foster provides engineered products and services for infrastructure needs globally, addressing safety and performance challenges.
L.B. Foster Company (NASDAQ: FSTR) announced a virtual presentation at the Singular Research Best of the Uncovered 2021 Webinar. Scheduled for December 9, 2021, at 1:30 PM Eastern Time, the session will feature Senior VP and CFO Bill Thalman and Senior VP and Chief Growth Officer Bill Treacy. Participants can access a live webcast, presentation slides, and a video replay on the company's investor relations page for 30 days post-event. L.B. Foster specializes in products and services for the rail industry and critical infrastructure projects.
L.B. Foster Company (NASDAQ: FSTR) will host a Virtual Investor Day on December 14, 2021, at 11:00 a.m. ET, in collaboration with Investor Relations firm Lytham Partners. The event will feature insights from CEO John Kasel, CFO Bill Thalman, and senior management regarding the company’s growth strategies and innovative products.
Interested participants must register in advance through the Investor Day 2021 Registration Site. A live webcast and Q&A session will be available, with replay access and presentation materials posted on the company’s Investor Relations website afterward.
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