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Last $46.36 USD
Change Today +0.71 / 1.56%
Volume 41.5K
FSTR On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

foster (lb) co-a (FSTR) Snapshot

Open
$45.83
Previous Close
$45.65
Day High
$46.52
Day Low
$45.59
52 Week High
07/7/14 - $56.72
52 Week Low
03/6/15 - $37.00
Market Cap
480.3M
Average Volume 10 Days
71.2K
EPS TTM
$2.61
Shares Outstanding
10.4M
EX-Date
03/11/15
P/E TM
17.8x
Dividend
$0.16
Dividend Yield
0.30%
Current Stock Chart for FOSTER (LB) CO-A (FSTR)

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foster (lb) co-a (FSTR) Details

L.B. Foster Company manufactures, fabricates, and distributes products and services for the rail, construction, energy, and utility markets worldwide. Its Rail Products segment offers new and used rail to transit authorities, industrial companies, and rail contractors for railroad sidings, plant trackage, and other carrier and material handling applications; rail accessories include trackwork, track spikes, bolts, angle bars, and other products; track component products; and track lubrication and switch roller equipment. This segment also designs and produces concrete railroad ties, insulated rail joints, power rails, track fasteners, coverboards, and special accessories for mass transit and other rail systems; and engineers, manufactures, and assembles friction management products, railway wayside data collection and management systems, and related products, as well as stick friction modifiers and related application systems. The company’s Construction segment sells and rents steel sheet pilling, H-bearing pile, and other piling products for foundation and earth retention requirements; manufactures and sells fabricated steel and aluminum products primarily for the highway, bridge, and transit industries, including concrete reinforced and open steel grid decks, bridge decking and railings, bridge forms, structural steel fabrications, expansion joints, and other products; and produces precast concrete buildings, as well as pre-stressed and precast concrete products. Its Tubular segment supplies pipe coatings for natural gas pipelines and utilities; provides blending, injection, and metering equipment for the oil and gas market; and produces threaded pipe products for industrial water well and irrigation markets. The company markets its products directly, as well as through a network of agents. It also offers application engineering solutions to the rail market and other industries. The company was founded in 1902 and is headquartered in Pittsburgh, Pennsylvania.

1,113 Employees
Last Reported Date: 03/3/15
Founded in 1902

foster (lb) co-a (FSTR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $592.3K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $288.8K
Senior Vice President of Rail Business
Total Annual Compensation: $276.7K
Vice President of Global Business Development
Total Annual Compensation: $235.8K
Compensation as of Fiscal Year 2013.

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

L.B. Foster Enters into an Amended and Restated Revolving Credit Facility Credit Agreement with PNC Bank, N.A., Bank of America, N.A., Wells Fargo Bank, N.A., Citizens Bank of Pennsylvania, and Branch Banking and Trust Company

On March 13, 2015, L.B. Foster, its domestic subsidiaries, and certain of its Canadian subsidiaries entered into an amended and restated USD 335,000,000 revolving credit facility credit agreement with PNC Bank, N.A., Bank of America, N.A., Wells Fargo Bank, N.A., Citizens Bank of Pennsylvania, and Branch Banking and Trust Company. This amended credit agreement modifies the prior revolving credit facility which had a maximum credit line of USD 200,000,000. The amended credit agreement provides for a five-year, unsecured revolving credit facility that permits borrowings up USD 335,000,000 for the U.S. borrowers and a sublimit of the equivalent of USD 25,000,000 that is available to the Canadian borrowers. The amended credit agreement’s accordion feature permits the company to increase the available revolving borrowings under the facility by up to an additional USD 100,000,000 subject to the company’s receipt of increased commitments from existing or new lenders and to certain conditions being satisfied. Borrowings under the amended credit agreement will bear interest at rates based upon either the base rate or Euro-rate plus applicable margins. Applicable margins are dictated by the ratio of the company’s indebtedness less cash on hand to the company’s consolidated EBITDA, as defined in the underlying amended credit agreement. The base rate is the high of PNC Bank’s prime rate, the Federal Funds Rate plus 0.50% or the daily Euro-rate plus 1.00%. The base rate and Euro-rate spreads range from 0.00% to 1.50% and 1.00% to 2.50%, respectively. The amended credit agreement includes two financial covenants: Leverage Ratio, defined as the company’s Indebtedness less cash on hand, in excess of USD 15,000,000, divided by the company’s consolidated EBITDA, which must not exceed 3.25 to 1.00 and Minimum Interest Coverage, defined as consolidated EBITDA less Capital Expenditures divided by consolidated interest expense, which must be no less than 3.00 to 1.00.

LB Foster Co. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capex and Cash Flow Guidance for the Year 2015

LB Foster Co. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the fourth quarter, the company's net sales were $161,149,000 compared with $156,548,000 a year ago. The improvement in Tubular sales was due to coatings business while the Rail sales increase was principally driven by Rail Technologies, Rail Distribution and Concrete Ties, partially offset by a decline in Transit sales. The Construction segment sales decline was due to a reduction in Piling Product sales. Income from continuing operations before income taxes was $9,666,000 compared with $11,554,000 a year ago. Income from continuing operations was $6,038,000 or $0.58 diluted earnings per share compared with $7,275,000 or $0.71 per diluted share a year ago. Net income was $6,029,000 or $0.58 earnings per diluted share compared with $7,275,000 or $0.71 per diluted share a year ago. Cash flow from continuing operating activities for the fourth quarter of 2014 generated $17.0 million compared to $11.4 million of cash provided in the fourth quarter of 2013. Improved working capital management led to the increase. Adjusted diluted earnings per share of $0.85 for the quarter were up 19.7% from prior year. Pretax income was $9.7 million or 6% of sales compared to $11.6 million or 7.4% of sales in the prior year. For the full year, the company's net sales were $607,192,000 compared with $597,963,000 a year ago. The Rail segment sales increase was due to double digit sales increases in Rail Technologies, Allegheny Rail Products and Concrete Tie division sales. The Tubular segment sales improvement was driven by Ball Winch acquisition. The Construction sales decline is principally due to Piling Products which experienced a shortage of product during much of 2014. Income from continuing operations before income taxes was $39,056,000 compared with $44,115,000 a year ago. Income from continuing operations was $25,654,000 or $2.48 diluted earnings per share compared with $29,276,000 or $2.85 per diluted share a year ago. Net income was $25,656,000 or $2.48 earnings per diluted share compared with $29,290,000 or $2.85 per diluted share a year ago. Cash flow provided from continuing operating activities was a record $66.6 million for 2014, compared to $13.9 million in the prior year. The current year period was favorably impacted by improved working capital management compared to last year. Capital expenditures were $17.1 million compared to $9.7 million in 2013. On an adjusted basis, EPS for the full year would be $3.02. For the year 2015, The company anticipates spending approximately $18 million to $22 million in capital programs, which includes an estimated $5 million of expenditures on ERP program As in prior years, the company continue to forecast that cash generated from operating activities will exceed capital expenditures, debt service payments, dividends and share repurchases in 2015.

LB Foster Co. to Report Q4, 2014 Results on Mar 03, 2015

LB Foster Co. announced that they will report Q4, 2014 results at 11:00 AM, US Eastern Standard Time on Mar 03, 2015

 

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Industry Analysis

FSTR

Industry Average

Valuation FSTR Industry Range
Price/Earnings 18.7x
Price/Sales 0.8x
Price/Book 1.4x
Price/Cash Flow 15.8x
TEV/Sales 0.7x
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