Welcome to our dedicated page for L B Foster news (Ticker: FSTR), a resource for investors and traders seeking the latest updates and insights on L B Foster stock.
L.B. Foster Company (FSTR) delivers essential infrastructure solutions across rail, construction, and energy sectors worldwide. This news hub provides investors and industry professionals with comprehensive updates on corporate developments, operational milestones, and strategic initiatives.
Access official press releases alongside curated analysis covering earnings reports, product innovations, and strategic partnerships. Our repository ensures timely access to critical updates influencing FSTR's market position and industry leadership in rail technologies and construction materials.
Key content includes announcements related to infrastructure projects, manufacturing advancements, and safety initiatives. Bookmark this page for streamlined tracking of FSTR's contributions to global engineering challenges and evolving market strategies.
L.B. Foster Company (Nasdaq: FSTR) has successfully amended its revolving credit agreement, securing enhanced financial flexibility and improved terms. The new Fifth Amended and Restated Credit Agreement includes several key improvements: borrowing capacity increased from $130 million to $150 million with an additional $60 million incremental loan feature, maturity extension to June 27, 2030, and an improved pricing grid.
The amended facility, led by a five-bank syndicate with PNC Bank, N.A. as Administrative Agent, provides greater flexibility for working capital financing, capital expenditures, letters of credit, permitted acquisitions, and general corporate purposes. The agreement features a more accommodating covenant package with reduced corporate finance transaction restrictions.
According to Executive VP and CFO Bill Thalman, the favorable terms reflect the company's successful strategic transformation and improved profitability profile. The enhanced facility structure aims to support L.B. Foster's growth initiatives, particularly in their core platforms of Rail Technologies and Precast Concrete.
L.B. Foster (Nasdaq: FSTR) has scheduled its first quarter 2025 earnings release and conference call. The company will announce results before market opening on May 6, 2025, followed by a conference call at 11:00 A.M. Eastern Time.
Key details:
- Earnings release: Pre-market on May 6, 2025
- Conference call: 11:00 A.M. Eastern Time
- Presentation: Available on company website post-earnings release
- Webcast: Live through investor relations page
- Replay available until May 13, 2025
Founded in 1902, L.B. Foster serves as a global technology solutions provider for rail and infrastructure markets. The company focuses on innovative engineering and product development, addressing safety, reliability, and performance needs. It maintains presence across North America, South America, Europe, and Asia.
L.B. Foster Company (FSTR) has announced its upcoming virtual presentation at the Sidoti Small Cap Virtual Conference on March 20, 2025, at 2:30 PM EST. The presentation will feature John Kasel, President and CEO, alongside Bill Thalman, Executive VP and CFO.
Presentation materials will be available on the company's Investor Relations website under 'Presentations' on the morning of the conference. A video webcast registration link will be accessible through www.lbfoster.com's Investor Relations page, with replay available for 90 days following the event.
Founded in 1902, L.B. Foster is a global technology solutions provider specializing in engineered, manufactured products and services for infrastructure development, with operations across North America, South America, Europe, and Asia.
L.B. Foster Company (FSTR) reported its Q4 and full-year 2024 results, showing improved profitability despite lower sales. Q4 net sales decreased 5.0% to $128.2 million, with a net loss of $0.3 million. The company demonstrated strong cash management, generating $24.3 million in Q4 operating cash flow and reducing total debt by $21.6 million to $46.9 million.
Key highlights include improved gross margins of 100 and 160 basis points in Q4 and full-year respectively, and adjusted EBITDA of $7.2 million in Q4, up 18.7% year-over-year. The Rail segment showed robust growth with sales up 14.2%, while Infrastructure results were weaker with sales down 25.2%.
The Board approved a new $40 million stock repurchase program over three years through February 2028. For 2025, the company projects net sales of $540-580 million, adjusted EBITDA of $42-48 million, and free cash flow of $20-30 million.
L.B. Foster Company (FSTR) has announced it will release its fourth quarter and full year 2024 operating results before market opening on Tuesday, March 4, 2025. 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 website following the earnings release. The conference call will include a webcast and Q&A session, with replay available through March 11, 2025. Participants are advised to register 10 minutes before the event start time.
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.
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