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) 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.
L.B. Foster Company (NASDAQ: FSTR) will host a Virtual Investor Day on December 14, 2021, at 11:00 a.m. ET, in collaboration with Investor Relations firm Lytham Partners. The event will feature insights from CEO John Kasel, CFO Bill Thalman, and senior management regarding the company’s growth strategies and innovative products.
Interested participants must register in advance through the Investor Day 2021 Registration Site. A live webcast and Q&A session will be available, with replay access and presentation materials posted on the company’s Investor Relations website afterward.
L.B. Foster Company (Nasdaq: FSTR) reported Q3 2021 results showing a 9.9% increase in net sales to $130.1 million, driven by strong performance in its rail and infrastructure segments. However, gross profit rose only marginally to $22.3 million, resulting in a gross profit margin decline to 17.1%. Net income decreased to $2.3 million from a year-ago $14.6 million. Adjusted EBITDA fell to $4.4 million, a 40.7% drop. New orders increased by 18.5% year-over-year to $125.6 million, indicating strong future backlog growth. The company remains optimistic about upcoming infrastructure investments.
L.B. Foster Company (NASDAQ: FSTR) will release its third quarter 2021 operating results before the market opens on November 2, 2021. A conference call is scheduled for 11:00 a.m. Eastern Time the same day 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 November 9, 2021. L.B. Foster provides rail industry products and services, supporting critical infrastructure projects across multiple regions.
L.B. Foster Company (NASDAQ: FSTR) has launched a new service to enhance accessibility for its digital display units used in rail and air travel. This service includes sign language support for Deaf and hard-of-hearing passengers, developed in partnership with Network Rail in the UK. The Inform Media system enables real-time updates and messages, while the display units allow for customizable text for visually impaired users. This initiative is expected to improve passenger experience across North America and Europe.
L.B. Foster Company (NASDAQ: FSTR) announced its participation in the Lytham Partners Fall 2021 Investor Conference, where President and CEO John Kasel, along with CFO Bill Thalman, will present. The presentation is scheduled for October 6, 2021, at 8:45 AM Eastern Time. Interested parties can access a video webcast, presentation slides, and a video replay, which will be available for 90 days on the company’s Investor Relations page. L.B. Foster provides essential products and services for the rail industry and critical infrastructure projects worldwide.
L.B. Foster Company (NASDAQ: FSTR) announced the completion of its sale of the steel Piling Products line to J.D. Fields & Company for approximately $24 million. The divestiture retains all pre-closing receivables and liabilities. The Piling Products division generated $43 million in revenue for the first half of 2021 and $59 million for 2020. CEO John Kasel highlighted that this move will enhance shareholder value by reallocating capital to more profitable areas, particularly Rail Technologies and Precast Concrete, which offer better growth opportunities. An investor call is scheduled for October 4, 2021.
L.B. Foster Company (NASDAQ: FSTR) announced that Bill Thalman, Senior VP and CFO, along with Jim Kempton, Corporate Controller, will present at the Singular Research Compelling Values 2021 Webinar. The presentation is scheduled for 1:00 PM Eastern Time on September 16, 2021. A live video webcast, along with presentation slides and a replay for 14 days, will be available on the Company's website on the day of the event. L.B. Foster provides products and services for the rail industry and critical infrastructure projects across multiple continents.
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