Foster L B Company is a prominent player in the manufacturing and distribution of high-quality transportation and infrastructure components
The company specializes in creating a wide range of products that cater to diverse industries, including transportation, utilities, and telecommunications. With a focus on innovation and sustainability, Foster L B Company develops solutions designed to enhance the efficiency and durability of infrastructure projects, while also adhering to rigorous safety and environmental standards. Their commitment to quality and customer service positions them as a trusted partner for clients seeking reliable and effective solutions in an ever-evolving marketplace.
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Railway infrastructure company L.B. Foster (NASDAQFSTR) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 5.4% year on year to $137.5 million. The company’s full-year revenue guidance of $535 million at the midpoint came in slightly below analysts’ estimates. Its GAAP profit of $3.27 per share was 529% above analysts’ consensus estimates.
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L.B. Foster reported Q4 sales of $134.9M (+7.7% Y/Y), beating consensus of $129.4M. Rail segment's revenue fell 10.9%, while Infrastructure segment's revenue rose 10.3%. Gross margins expanded 200 bps. Adjusted EBITDA was $6.1M, down $1.4M Y/Y. EPS loss of $(0.04) missed consensus of $0.01. Operating cash flow was $22.1M, net debt was $52.7M. FY24 outlook: net sales $525M-$560M, adjusted EBITDA $34M-$39M, free cash flow $12M-$18M.
L.B. Foster (NASDAQFSTR) is set to give its latest quarterly earnings report on Tuesday, 2022-11-08. Here's what investors need to know before the announcement. Analysts estimate that L.B. Foster will report an earnings per share (EPS) of $0.05.
