L B Foster Stock Price, News & Analysis

L.B. Foster Company (NASDAQ: FSTR) announces a strategic partnership with FUCHS Lubricants Co., enhancing its friction management solutions in the rail industry. This collaboration leverages L.B. Foster's expertise in friction management technologies and FUCHS's manufacturing capabilities, promoting co-branded greases aimed at reducing operational costs and improving safety for rail customers. The partnership aims to meet growing demand in North America and international markets while providing customers with a comprehensive lubrication solution.

L.B. Foster Company (NASDAQ: FSTR) announced the appointment of Ms. Janet Lee to its Board of Directors effective January 1, 2023. This follows the retirements of Ms. Suzanne B. Rowland and Mr. Robert S. Purgason on December 31, 2022. Ms. Lee, currently Vice President and General Counsel at ANSYS, brings over 30 years of legal experience. Her expertise encompasses intellectual property, cybersecurity, and risk management. L.B. Foster's Chairman expressed optimism about her contributions to enhancing shareholder value.

L.B. Foster Company (NASDAQ: FSTR) will present at the Singular Research Best of the Uncovered investor conference on December 8, 2022, at 4:00 PM ET. Bill Thalman, CFO, and Sean Reilly, Controller, will lead the presentation. A live video webcast and slides will be accessible online, with a replay available for 30 days. Founded in 1902, L.B. Foster specializes in engineered solutions for infrastructure across multiple continents. For more details, visit www.lbfoster.com.

L.B. Foster Company (Nasdaq: FSTR) reported its 2022 third quarter results, announcing net sales of $130.0 million, flat compared to last year, but up 8.7% organically. The company experienced a net loss of $2.1 million but saw adjusted EBITDA rise 110.8% to $9.3 million. Backlog reached a five-year high of $272.8 million, with new orders totaling $137.3 million, slightly down from the previous year. The company completed acquisitions of Intelligent Video Ltd. and VanHooseCo, while divesting its rail spikes and anchors business, impacting overall performance. The management remains cautiously optimistic amid ongoing economic challenges.

L.B. Foster Company (Nasdaq: FSTR) announced a significant order through its Birmingham, Alabama protective coatings business for 2.5 million feet of 24-inch epoxy coated pipe. This order, facilitated by American Cast Iron Pipe Company, is for the Summit Carbon Solutions carbon capture project, which aims to transport carbon dioxide across 2,000 miles in the Midwest. The pipeline is designed to sequester up to 12 million tons of CO2 per year and is expected to be operational in 2024. This contract underscores the long-standing relationship between L.B. Foster and ACIPCO.

L.B. Foster Company (NASDAQ: FSTR) will release its third quarter 2022 operating results before the market opens on November 8, 2022. Following this, a conference call is scheduled for 11:00 A.M. Eastern Time to discuss the results, market outlook, and business developments. Interested participants can access the live webcast on the Investor Relations page of L.B. Foster’s website. A replay will be available until November 15, 2022. For those wishing to participate in the Q&A session, registration is required to receive dial-in information.

L.B. Foster Company (NASDAQ: FSTR) announced that CEO John Kasel and CFO Bill Thalman will present at the Singular Research Midwestern Values investor conference on September 14, 2022, at 4:45 PM ET. The presentation will be accessible via a live video webcast, with slides and a replay available online for 30 days. Investors can find the registration link and presentation materials on the company's website on the event day. Founded in 1902, L.B. Foster provides engineered solutions for infrastructure needs globally.

L.B. Foster Company (NASDAQ: FSTR) announced that its President and CEO, John Kasel, along with CFO Bill Thalman, will present at the Three Part Advisors Midwest IDEAS Investor Conference. The presentation is scheduled for 3:45 PM Central Time on August 24, 2022, at The Gwen hotel in Chicago, IL. A video webcast will be available during and after the event, with replay access for 90 days. More details can be found on the L.B. Foster website.

L.B. Foster Company (Nasdaq: FSTR) announced the acquisition of VanHooseCo Precast LLC for $50.5 million. This acquisition includes the assets of a precast concrete manufacturer, expanding L.B. Foster's market reach into commercial and residential development. With VanHooseCo generating ~$28 million in revenue and ~$1.4 million in net income in 2021, the deal is expected to enhance growth opportunities. The acquisition was supported by an amendment to L.B. Foster's revolving credit agreement to accommodate this transaction.