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 acquired Skratch Enterprises Ltd. and Intelligent Video Ltd., enhancing its digital solutions capabilities within rail and adjacent markets. Skratch, based in the UK, offers integrated digital systems, while IV specializes in security solutions. This acquisition aligns with L.B. Foster's growth strategy, expanding its technological offerings and market reach in the UK and Europe. Both companies will operate as subsidiaries, adding 38 employees to L.B. Foster's existing workforce of 1,300 globally.
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.
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