Sales and Profitability Growth Drive Continuing Momentum in L.B. Foster First Quarter 2024 Results; Company Reaffirms 2024 Guidance
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
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 from last year, but up sequentially $26.9 million, or 25.5%. Organic orders1 were up 3.0% over last year excluding an $11.3 million impact from divestitures and product line exits. The trailing twelve month book-to-bill ratio1 was 0.94 : 1.00.Backlog1 at quarter end was $222.3 million, down $37.6 mill
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FSTR
News
- L.B. Foster Company Surprised Analysts With A Profit, And Analysts Boosted Their EPS Forecasts [Yahoo! Finance]Yahoo! Finance
- Is L.B. Foster Company (NASDAQ:FSTR) Potentially Undervalued? [Yahoo! Finance]Yahoo! Finance
- L.B. Foster (NASDAQ: FSTR) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- L.B. Foster (NASDAQ: FSTR) had its price target raised by analysts at B. Riley from $23.00 to $27.00. They now have a "neutral" rating on the stock.MarketBeat
- L.B. Foster Company Board of Directors Awarded ‘Public Company Board of the Year' [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