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Last $29.35 USD
Change Today -0.27 / -0.91%
Volume 35.4K
As of 5:20 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

foster (lb) co-a (FSTR) Key Developments

L.B. Foster Company Secures Contract from Walsh-Granite Joint Venture to Provide Permanent Metal Bridge Deck Forms

L.B. Foster Company has been awarded a contract by the Walsh-Granite Joint Venture, to provide permanent metal bridge deck forms for use in the repair or replacement of over 400 structurally deficient bridges throughout the State of Pennsylvania. This public-private partnership was created by the State as an innovative funding program to address the rehabilitation of bridges primarily on suburban and rural Pennsylvania highways. The State of Pennsylvania’s public-private approach is designed to expedite the redevelopment of unsafe bridges, lessen construction costs and minimize the impact of highway closures. The use of permanent metal deck forms is an efficient approach to bridge deck construction and will help to support the program’s goals. L.B. Foster corrugated forms are custom fabricated to individual bridge specifications and can be incorporated with pre-stressed concrete beams, built-up girders or steel beam bridges.

L.B. Foster Company Declares Quarterly Cash Dividend, Payable on June 26, 2015

L.B. Foster Company announced that its board of directors has authorized a $0.04 per share regular quarterly cash dividend on its issued and outstanding shares of common stock. The dividend will be payable on June 26, 2015 to shareholders of record at the close of business on June 12, 2015.

LB Foster Co. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

LB Foster Co. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $137,907,000 against $111,414,000 a year ago. Income before income taxes was $6,665,000 against $5,321,000 a year ago. Net income was $4,285,000 or $0.41 per share diluted against $3,649,000 or $0.35 per share diluted a year ago. Total EBITDA was $11,997,000 against $8,202,000 a year ago. Cash flow from operating activities for the first quarter of 2015 used $7.4 million of cash compared to $32.2 million of cash provided in the first quarter of 2014. The first quarter of 2014 was favorably impacted by improved working capital management that largely corrected issues encountered in the second half of 2013. Capital expenditures were $4.5 million for the first quarter compared to $3.5 million in the prior year. The company provided earnings guidance for the year 2015. The company expected 2015 sales to be in the range of $770.0 million to $780.0 million. Pretax income is expected to range between $51.5 million to $53.0 million while diluted EPS is expected to range from $3.20 to $3.30. The company forecasts EBITDA to be in the range of $84.5 to $86.0 million for the year. The company anticipated spending approximately $18 million to $22 million in capital programs in 2015, which includes an estimated $6 million to $7 million on ERP program.

LB Foster Co., Q1 2015 Earnings Call, May 06, 2015

LB Foster Co., Q1 2015 Earnings Call, May 06, 2015

LB Foster Co., Annual General Meeting, May 29, 2015

LB Foster Co., Annual General Meeting, May 29, 2015., at 11:00 Eastern Daylight. Location: 415 Holiday Drive. Agenda: To elect a board of eight directors for the ensuing year; to ratify the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for 2015; to consider advisory approval of the compensation paid to the company's named executive officers in 2014; and to consider acting upon any other matters that properly come before the Annual Meeting.

 

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