L.B. Foster Company Continues to Deliver on its Strategy Reporting Strong Growth in Profitability and Cash Generation in Third Quarter Results
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
Third quarter gross margin was 23.8%, the highest quarterly level achieved in over ten years, on lower net sales of $137.5 million, demonstrating improved portfolio profitability and strategic execution.Third quarter net income of $35.9 million was up $35.5 million over the prior year, due primarily to a favorable $30.0 million tax valuation allowance adjustment; third quarter adjusted EBITDA1 of $12.3 million was up 16.4% over the prior year.Third quarter cash provided by operations was $24.7 million; net debt1 of $65.4 million down $17.7 million during the quarter and down $3.3 million from the prior year quarter end; Gross Leverage Ratio1 of 1.9x decreased 0.8x during the quarter and 0.1x from last year's quarter end. Third quarter common stock repurchases totaled 126,688 shares, representing approximately 1.2% of outstanding shares, with $8.4 million remaining under the Board-authorized repurchase program through February 2025.2024 full year financial guidance updated to reflect i
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FSTR
News
- Capital Allocation Trends At L.B. Foster (NASDAQ:FSTR) Aren't Ideal [Yahoo! Finance]Yahoo! Finance
- L.B. Foster Company to Present at Singular Research’s Best of the Uncovereds Conference on December 12, 2024GlobeNewswire
- General Industrial Machinery Stocks Q3 In Review: L.B. Foster (NASDAQ:FSTR) Vs Peers [Yahoo! Finance]Yahoo! Finance
- Those who invested in L.B. Foster (NASDAQ:FSTR) three years ago are up 95% [Yahoo! Finance]Yahoo! Finance
- L.B. Foster (NASDAQ: FSTR) had its price target raised by analysts at B. Riley from $21.00 to $25.00. They now have a "neutral" rating on the stock.MarketBeat
FSTR
Earnings
- 11/7/24 - Beat
FSTR
Sec Filings
- 1/3/25 - Form 4
- 12/6/24 - Form 8-K
- 11/14/24 - Form SC
- FSTR's page on the SEC website