L.B. Foster Exceeds 2023 Guidance; Delivers Strong Cash Flow, Improves Leverage, and Returns Capital to Shareholders; Establishes 2024 Guidance and Reiterates 2025 Goals Aligned with Strat...
L.B. Foster Company (FSTR)
Last l.b. foster company earnings: 2/25 04:01 pm
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US:NASDAQ Investor Relations:
lbfostercompany.gcs-web.com/investor-relations
Company Research
Source: GlobeNewswire
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 credit agreement1 declined from 2.8x to 1.7x during the year.Fourth quarter net loss of $0.5 million, favorable $43.5 million over the prior year quarter; full year 2023 net income of $1.3 million, favorable $47.0 million over prior year. The year-over-year improvement for both periods included the i
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FSTR
News
- Sales and Profitability Growth Drive Continuing Momentum in L.B. Foster First Quarter 2024 Results; Company Reaffirms 2024 Guidance [Yahoo! Finance]Yahoo! Finance
- Sales and Profitability Growth Drive Continuing Momentum in L.B. Foster First Quarter 2024 Results; Company Reaffirms 2024 GuidanceGlobeNewswire
- L.B. Foster (NASDAQ: FSTR) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- ArcelorMittal's (MT) Q1 Earnings and Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
- L.B. Foster Company to Report First Quarter 2024 Results on May 7, 2024 and to Present Virtually at Sidoti Micro-Cap Conference on May 8, 2024 [Yahoo! Finance]Yahoo! Finance
FSTR
Earnings
- 5/7/24 - Beat
FSTR
Sec Filings
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 5/3/24 - Form 8-K
- FSTR's page on the SEC website