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Last $17.61 USD
Change Today +0.93 / 5.58%
Volume 127.2K
FSTR On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

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

LB Foster Co. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of Fiscal 2015

LB Foster Co. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced total sales of $171,419,000 compared to $166,832,000 for the same period a year ago. Income before income taxes was $7,823,000 compared to $10,230,000 for the same period a year ago. Net income was $5,362,000 or $0.52 per basic and diluted share compared to $6,862,000 or $0.67 per basic and diluted share for the same period a year ago. Income before income taxes, excluding certain charges was $8,334,000 compared to $14,494,000 for the same period a year ago. Net income, excluding certain charges was $5,695,000 compared to $9,652,000 for the same period a year ago. Diluted EPS, excluding certain charges was $0.55 compared to $0.94 for the same period a year ago. Total EBITDA was $16,686,000 compared to $13,295,000 for the same period a year ago. Total adjusted EBITDA was $16,788,000 compared to $17,559,000 for the same period a year ago. Cash flow from operating activities for the second quarter of 2015 generated $5.5 million compared to a $0.5 million cash usage in the second quarter of 2014. Capital expenditures were $3.8 million compared to $4.2 million in the prior year quarter. For the six months, the company announced total sales of $309,326,000 compared to $278,246,000 for the same period a year ago. Income before income taxes was $14,490,000 compared to $15,551,000 for the same period a year ago. Net income was $9,649,000 or $0.93 per diluted share compared to $10,511,000 or $1.02 per diluted share for the same period a year ago. Income before income taxes, excluding certain charges was $15,001,000 compared to $19,815,000 for the same period a year ago. Net income, excluding certain charges was $9,982,000 compared to $13,301,000 for the same period a year ago. Diluted EPS, excluding certain charges was $0.96 compared to $1.29 for the same period a year ago. Total EBITDA was $28,685,000 compared to $21,497,000 for the same period a year ago. Total adjusted EBITDA was $28,787,000 compared to $25,761,000 for the same period a year ago. Net sales increased due to a 117.2% increase in Tubular segment sales and a 21.1% improvement in Construction segment sales, partially offset by a 9.1% decline in Rail segment sales. Cash used by operating activities was $1.9 million for the first half of 2015, compared to $31.7 million of cash provided in the prior year period. The prior year cash flow was favorably impacted by improved working capital management that largely corrected issues encountered in the second half of 2013. Capital expenditures were $8.2 million compared to $7.7 million in the comparable 2014 period. The company provided earnings guidance for the full year of fiscal 2015. The company expects 2015 sales to be in the range of $685 million to $725 million. Pretax income is expected to range between $34 million to $40 million while diluted EPS is expected to range from $2.15 to $2.50. The company forecasts EBITDA to be in the range of $65 million to $71 million for the year. The company anticipates spending approximately $15 million to $17 million in capital programs for all of 2015, which includes ERP program. The company anticipates that full year cash generated from operating activities will exceed capital expenditures, debt service payments, dividends and share repurchases in 2015.

LB Foster Mulls Acquisitions

LB Foster Co. (NasdaqGS:FSTR) intends to pursue acquisitions. The company said, "Despite recent weakness, we continue to be bullish on the long-term prospects for growth and profitability of our energy acquisitions. We also believe that there are many opportunities in the global rail market that will afford us avenues for growth and value creation without Union Pacific Railroad sales in our mix of business.

LB Foster Co. Declares Regular Quarterly Cash Dividend Payable on September 18, 2015

LB Foster Co. 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 is payable on September 18, 2015 to shareholders of record at the close of business on September 4, 2015.

LB Foster Co. to Report Q2, 2015 Results on Aug 04, 2015

LB Foster Co. announced that they will report Q2, 2015 results at 11:00 AM, US Eastern Standard Time on Aug 04, 2015

LB Foster Co., Q2 2015 Earnings Call, Aug 04, 2015

LB Foster Co., Q2 2015 Earnings Call, Aug 04, 2015

 

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Industry Analysis

FSTR

Industry Average

Valuation FSTR Industry Range
Price/Earnings 7.4x
Price/Sales 0.3x
Price/Book 0.5x
Price/Cash Flow 5.6x
TEV/Sales NM Not Meaningful
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