Announcement • May 05
L.B. Foster Company Reaffirms Earnings Guidance for 2026 L.B. Foster Company reaffirmed earnings guidance for 2026. For the period, the company expects reaffirmed net sales to be $540,000,000 to $580,000,000. Announcement • Apr 28
L.B. Foster Company to Report Q1, 2026 Results on May 04, 2026 L.B. Foster Company announced that they will report Q1, 2026 results Pre-Market on May 04, 2026 Announcement • Apr 13
L.B. Foster Company, Annual General Meeting, May 21, 2026 L.B. Foster Company, Annual General Meeting, May 21, 2026. Announcement • Mar 03
L.B. Foster Company Provides Earnings Guidance for 2026 L.B. Foster Company provided earnings guidance for 2026. For the period, the company expects net sales to be $540 million to $580 million. Announcement • Feb 25
L.B. Foster Company to Report Q4, 2025 Results on Mar 03, 2026 L.B. Foster Company announced that they will report Q4, 2025 results Pre-Market on Mar 03, 2026 Announcement • Dec 16
L.B. Foster Company Announces Resignation of Alexander B. Jones from Board of Directors, Effective December 15, 2025 L.B. Foster Company announced that, on December 12, 2025, Mr. Alexander B. Jones offered his resignation to the Board of Directors, and the Board accepted the resignation on December 15, 2025. Mr. Jones's decision does not involve any disagreement on any matter relating to the Company's operations, policies, or practices, but rather is in connection with the expiration of the Cooperation Agreement between the Company and 22NW Fund, LP, 22NW LP, 22NW Fund GP, LLC, 22NW GP Inc., Aron R. English, Bryson O. Hirai-Hadley, and Alexander B. Jones in January 2026. In connection with the acceptance of Mr. Jones's resignation, on December 15, 2025, the Board approved the reduction of the size of the Board from seven members to six members effective immediately. Announcement • Nov 04
L.B. Foster Company Provides Earnings Guidance for the Year 2025 L.B. Foster Company provided earnings guidance for the year 2025. For the year, the company expected net sales to be $535,000 to $545,000. Announcement • Oct 27
L.B. Foster Company to Report Q3, 2025 Results on Nov 03, 2025 L.B. Foster Company announced that they will report Q3, 2025 results Pre-Market on Nov 03, 2025 Announcement • Aug 12
L.B. Foster Company Provides Earnings Guidance for the Year 2025 L.B. Foster Company provided earnings guidance for the year 2025. For the year, the company expected net sales to be $535,000 to $555,000. Announcement • Aug 04
L.B. Foster Company to Report Q2, 2025 Results on Aug 11, 2025 L.B. Foster Company announced that they will report Q2, 2025 results Pre-Market on Aug 11, 2025 Announcement • Apr 29
L.B. Foster Company to Report Q1, 2025 Results on May 06, 2025 L.B. Foster Company announced that they will report Q1, 2025 results Pre-Market on May 06, 2025 Announcement • Apr 14
L.B. Foster Company, Annual General Meeting, May 22, 2025 L.B. Foster Company, Annual General Meeting, May 22, 2025. Announcement • Mar 06
L.B. Foster Company (NasdaqGS:FSTR) announces an Equity Buyback for $40 million worth of its shares. L.B. Foster Company (NasdaqGS:FSTR) announces a share repurchase program. Under the program, the company will repurchase up to $40 million of the Company’s common stock. The program is valid through February 29, 2028. Announcement • Mar 04
L.B. Foster Company Provides Earnings Guidance for the Full Year 2025 L.B. Foster Company provided earnings guidance for the full year 2025. For the year, the company net sales expected to range from $540 million to $580 million. Announcement • Feb 26
L.B. Foster Company to Report Q4, 2024 Results on Mar 04, 2025 L.B. Foster Company announced that they will report Q4, 2024 results Pre-Market on Mar 04, 2025 Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to €24.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 62% over the past three years. New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 55% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 55% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: US$3.35 (vs US$0.048 in 3Q 2023) Third quarter 2024 results: EPS: US$3.35 (up from US$0.048 in 3Q 2023). Revenue: US$137.5m (down 5.4% from 3Q 2023). Net income: US$35.9m (up US$35.4m from 3Q 2023). Profit margin: 26% (up from 0.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
L.B. Foster Company to Report Q3, 2024 Results on Nov 07, 2024 L.B. Foster Company announced that they will report Q3, 2024 results Pre-Market on Nov 07, 2024 Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €17.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 15% over the past three years. Recent Insider Transactions • Aug 13
Independent Chairman of the Board recently bought €81k worth of stock On the 8th of August, Raymond Betler bought around 5k shares on-market at roughly €16.15 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Raymond's only on-market trade for the last 12 months. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: US$0.26 (vs US$0.33 in 2Q 2023) Second quarter 2024 results: EPS: US$0.26 (down from US$0.33 in 2Q 2023). Revenue: US$140.8m (down 4.9% from 2Q 2023). Net income: US$2.85m (down 19% from 2Q 2023). Profit margin: 2.0% (down from 2.4% in 2Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Aug 06
L.B. Foster Company Updates Earnings Guidance for the Full Year 2024 L.B. Foster Company updated earnings guidance for the full year 2024. for the year, the company expects Net sales of $525,000,000 to $550,000,000 against $525,000,000 to $560,000,000 expected previously. Announcement • Jul 31
L.B. Foster Company to Report Q2, 2024 Results on Aug 06, 2024 L.B. Foster Company announced that they will report Q2, 2024 results Pre-Market on Aug 06, 2024 Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €21.60, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 44% over the past three years. Announcement • May 25
L.B. Foster Company Appoints Brian H. Friedman as Senior Vice President and Chief Growth Officer, Effective July 1, 2024 L.B. Foster Company on May 23, 2024, the Board appointed Mr. Brian H. Friedman as Senior Vice President and Chief Growth Officer, effective July 1, 2024. Mr. Friedman has been with the Company since 2019 and has held various growth-driven leadership roles. Most recently, he served as Senior Vice President - Steel Products and Special Projects. Buy Or Sell Opportunity • May 22
Now 20% undervalued Over the last 90 days, the stock has risen 21% to €26.40. The fair value is estimated to be €33.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 0.08% in a year. Earnings are forecast to grow by 140% in the next year. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €27.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Machinery industry in Germany. Total returns to shareholders of 89% over the past three years. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: US$0.41 (vs US$0.20 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.41 (up from US$0.20 loss in 1Q 2023). Revenue: US$124.3m (up 7.6% from 1Q 2023). Net income: US$4.44m (up US$6.59m from 1Q 2023). Profit margin: 3.6% (up from net loss in 1Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Announcement • May 01
L.B. Foster Company to Report Q1, 2024 Results on May 07, 2024 L.B. Foster Company announced that they will report Q1, 2024 results Pre-Market on May 07, 2024 Announcement • Mar 06
L.B. Foster Company Provides Earnings Guidance for the Full Year 2024 and Full Year 2025 L.B. Foster Company provided earnings guidance for the full year 2024 and full year 2025. For the year 2024, the company expects to be in the range of $525.0 million to $560.00 million.For the full year 2025, the company expects revenue to be $600 million. Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: US$0.14 (vs US$4.25 loss in FY 2022) Full year 2023 results: EPS: US$0.14 (up from US$4.25 loss in FY 2022). Revenue: US$543.7m (up 9.3% from FY 2022). Net income: US$1.46m (up US$47.0m from FY 2022). Profit margin: 0.3% (up from net loss in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance. Announcement • Feb 21
L.B. Foster Company to Report Q4, 2023 Results on Mar 05, 2024 L.B. Foster Company announced that they will report Q4, 2023 results Pre-Market on Mar 05, 2024 Board Change • Jan 30
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director David Meyer was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 26
L.B. Foster Company Announces Retirement of Mr. Dirk Jungé from Board L.B. Foster Company announced the retirement of Mr. Dirk Jungé who cannot stand for reelection to the L.B. Foster Board under the terms of the Company’s Corporate Governance Guidelines. The Company will nominate Mr. Alexander B. Jones for election to its eight-member Board of Directors at the 2024 Annual Meeting of Shareholders. Mr. Jones will fill the vacancy created by Mr. Jones has served as a Board Observer at the Company since April of 2023 pursuant to a prior Cooperation Agreement dated April 6, 2023, that the Company entered into with 22NW, LP and certain affiliated persons thereof. Mr. Jones is a Vice President and Senior Research Analyst at 22NW, LP, where he oversees the firm’s investments in the industrials, materials, and consumer sectors. Mr. Jones will continue in his role as a Board Observer through the 2024 Annual Meeting. New Risk • Jan 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Dec 22
L.B. Foster Company Announces Election of David J. Meyer as Director, Effective January 1, 2024 L.B. Foster Company announced that, effective January 1, 2024, its Board of Directors voted to expand its size to eight (8) members and elect Mr. David J. Meyer to the Board. Mr. Meyer brings a wide range of knowledge and skills to the board that includes over 28 years of manufacturing experience, including 23 years in the rail industry. His experience encompasses both private and global public companies as well as the United States Army and he holds seven (7) patents for various rail-related products. Mr. Meyer currently serves as non-executive Chair of A. Stucki Company, a privately held manufacturer of high quality freight and rail-related parts owned by Stellex Capital, since November 2023, having served as Executive Chair from 2022 to November 2023. From 2019 to 2020, Mr. Meyer was the Chief Operating Officer of Stone Canyon Industries Rail, a private company which acquired A. Stucki in 2015 and sold it to Stellex Capital in 2022. From 1999 to 2017, Mr. Meyer served in positions of increasing responsibility at Westinghouse Airbrake Technologies Corporation (“Wabtec”), a publicly traded global provider of equipment, systems, digital solutions, and value-added services for the freight and transit rail sectors, most recently as President of its Industrial Group, and prior as Group Executive of its Transit sector. Over his tenure, he held various positions in its freight car products operations and brake systems businesses. While at Wabtec, Mr. Meyer served as a captain in the United States Army Reserve from 1995 to 2003, bringing Lean manufacturing and management to the Army Depot system while on active duty in 2002; a factory manager at Oxford Automotive Incorporated, a full-service, global tier one supplier of integrated systems based on metal forming and related technologies from 1995-1999; and as a manufacturing manager, product line manager, and project engineer for Eaton Corporation, a global manufacturer of highly engineered products that serve automotive, heavy truck, industrial, construction, commercial and semiconductor markets from 1995 to 1998. Mr. Meyer also founded Northern Bel, LLC, a consulting and acquisition organization, in 2018, and was a Board member of American Track Services from 2019 to 2021. Mr. Meyer earned his Bachelor of Science in Industrial Engineering from Purdue University and a Master of Business Administration with concentrations in Finance and Entrepreneurship from the University of Chicago Booth School of Business. Announcement • Nov 08
L.B. Foster Company Revises Sales Guidance for the Year 2023 L.B. Foster Company revised earnings guidance for the year 2023. For the year, the company expects net sales of $530,000,000 to $540,000,000 compared to previous guidance of $520,000,000 to $550,000,000. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: US$0.05 (vs US$0.19 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.05 (up from US$0.19 loss in 3Q 2022). Revenue: US$145.3m (up 12% from 3Q 2022). Net income: US$515.0k (up US$2.59m from 3Q 2022). Profit margin: 0.4% (up from net loss in 3Q 2022). Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 143 percentage points per year, which is a significant difference in performance. Announcement • Nov 01
L.B. Foster Company to Report Q3, 2023 Results on Nov 07, 2023 L.B. Foster Company announced that they will report Q3, 2023 results Pre-Market on Nov 07, 2023 Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: US$0.33 (vs US$0.19 in 2Q 2022) Second quarter 2023 results: EPS: US$0.33 (up from US$0.19 in 2Q 2022). Revenue: US$148.0m (up 13% from 2Q 2022). Net income: US$3.53m (up 76% from 2Q 2022). Profit margin: 2.4% (up from 1.5% in 2Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 126 percentage points per year, which is a significant difference in performance. Announcement • Aug 09
L.B. Foster Company Provides Earnings Guidance for the Year 2023 L.B. Foster Company provided earnings guidance for the year 2023. For the period, the company's sales guidance range unchanged at $520 million to $550 million. Announcement • Aug 03
L.B. Foster Company to Report Q2, 2023 Results on Aug 08, 2023 L.B. Foster Company announced that they will report Q2, 2023 results Pre-Market on Aug 08, 2023 Announcement • May 10
L.B. Foster Company Revises Earnings Guidance for the Fiscal Year Ending December 31, 2023 L.B. Foster Company revised earnings guidance for the fiscal year ending December 31, 2023. For the period, the company expects net sales to be in the range between $520 million to $550 million (down from $540 million to $570 million previously). Reported Earnings • May 09
First quarter 2023 earnings released: US$0.20 loss per share (vs US$0.15 loss in 1Q 2022) First quarter 2023 results: US$0.20 loss per share (further deteriorated from US$0.15 loss in 1Q 2022). Revenue: US$115.5m (up 17% from 1Q 2022). Net loss: US$2.15m (loss widened 37% from 1Q 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 08
Full year 2022 earnings released: US$4.25 loss per share (vs US$0.34 profit in FY 2021) Full year 2022 results: US$4.25 loss per share (down from US$0.34 profit in FY 2021). Revenue: US$497.5m (down 3.1% from FY 2021). Net loss: US$45.6m (down US$49.1m from profit in FY 2021). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Board Change • Feb 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Janet Lee was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 03
L.B. Foster Company Announces Executive Changes L.B. Foster Company announced that Ms. Janet Lee has been appointed to the Company’s Board of Directors effective January 1, 2023, following the retirements of Ms. Suzanne B. Rowland and Robert S. Purgason on December 31, 2022. Ms. Lee brings a wide range of knowledge and skills to the board that includes more than three decades of legal experience in both private practice and in global, public companies leading up to her current position of Vice President, General Counsel, and Secretary of ANSYS Inc., in which capacity she has served since 2017. ANSYS is a market leader in engineering simulation software and member of the Nasdaq 100 large cap growth index, with a market cap of over $20B and over 85 offices in 19 countries. Ms. Lee built the legal and intellectual property team that saw the growth of ANSYS from a smaller public company to a member of the S&P 500, and is responsible for transaction support, product and regulatory compliance, cybersecurity, litigation, intellectual property protection, enterprise risk management, business continuity and crisis management, ethics training and investigations, data privacy, government relations, ESG and employment legal support, including European labor union matters, and C-suite relations. From 2010 to 2017, Ms. Lee was Vice President, Legal and Intellectual Property for HERE Technologies North America, a privately-held location and mapping company owned by BMW, Audi and Daimler. Ms. Lee functioned as the Director of Nokia Research Center and Intellectual Property for Nokia Corporation from 2007 to 2010; Assistant General Counsel of America Online Inc. from 1999 to 2007; corporate and M&A attorney for Cooley Godward, LLP from 1996 to 1999; General Counsel of Renaissance Group, a full-service investment bank in the Russian Federation, from 1995 to 1996; and attorney at Clifford Chance in Russia from 1993 to 1995 and at Paul Weiss, Rifkind, Wharton & Garrison from 1991 to 1993. Ms. Lee earned her Juris Doctor from Stanford Law School, a Master of Arts from Harvard University, and a Bachelor of Arts from the University of Michigan. Reported Earnings • Nov 09
Third quarter 2022 earnings released: US$0.19 loss per share (vs US$0.21 profit in 3Q 2021) Third quarter 2022 results: US$0.19 loss per share (down from US$0.21 profit in 3Q 2021). Revenue: US$130.0m (flat on 3Q 2021). Net loss: US$2.08m (down 192% from profit in 3Q 2021). Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Nov 02
L.B. Foster Company to Report Q3, 2022 Results on Nov 08, 2022 L.B. Foster Company announced that they will report Q3, 2022 results Pre-Market on Nov 08, 2022 Announcement • Oct 28
L.B. Foster Company Announces Retirement of William H. Rackoff from the Board of Directors L.B. Foster Company (the Company) announced that, on October 26, 2022, Mr. William H. Rackoff informed the Board of Directors that he intended to retire on that same date. In connection with that decision, on October 27, 2022 the Board approved the reduction of the size of the Board from nine (9) members to eight (8) members effective immediately. Mr. Rackoff’s decision does not involve any disagreement on any matter relating to the Company’s operations, policies, or practices. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: US$0.19 (vs US$0.27 in 2Q 2021) Second quarter 2022 results: EPS: US$0.19 (down from US$0.27 in 2Q 2021). Revenue: US$131.5m (down 15% from 2Q 2021). Net income: US$2.01m (down 30% from 2Q 2021). Profit margin: 1.5% (down from 1.9% in 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 9.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year and the company’s share price has also fallen by 8% per year. Announcement • Aug 06
Gerdau Ameristeel Corporation acquired rail spikes and anchors track components business of L.B. Foster Company for CAD 10.2 million. Gerdau Ameristeel Corporation acquired rail spikes and anchors track components business of L.B. Foster Company for CAD 10.2 million on August 5, 2022. Cash proceeds from the transaction are expected to total approximately CAD 10.2 million subject to customary indemnification obligations and working capital adjustment. Revenues from the rail spikes and anchors track components business of L.B. Foster Company totaled approximately $14 million for the trailing twelve-months ended June 30, 2022. Proceeds from the sale will be used to pay down revolving credit facility of L.B. Foster Company and further enable our ability to execute growth playbook initiatives.
Gerdau Ameristeel Corporation completed the acquisition of rail spikes and anchors track components business of L.B. Foster Company on August 5, 2022. Announcement • Aug 03
L.B. Foster Company to Report Q2, 2022 Results on Aug 09, 2022 L.B. Foster Company announced that they will report Q2, 2022 results Pre-Market on Aug 09, 2022 Announcement • Aug 02
L.B. Foster Company (NasdaqGS:FSTR) acquired Skratch Enterprises Limited and Intelligent Video Ltd. L.B. Foster Company (NasdaqGS:FSTR) acquired Skratch Enterprises Limited and Intelligent Video Ltd on August 1, 2022. Skratch Enterprises and Intelligent Video collectively employ 38 people.
L.B. Foster Company (NasdaqGS:FSTR) completed the acquisition of Skratch Enterprises Limited and Intelligent Video Ltd on August 1, 2022. Announcement • Jun 16
L.B. Foster Company Appoints Raymond T. Betler as Chairman of the Board of Directors L.B. Foster Company announced that Raymond T. Betler has been appointed as the Chairman of the Company's Board of Directors effective June 2, 2022.Mr. Betler was previously appointed to the Board of Directors on August 3, 2020, where he brought a wide range of knowledge and skills to the board. He is replacing Lee B. Foster II as Chairman of the Board of Directors for L.B. Foster Company who retired on June 2, 2022.Mr. Betler's experience includes more than four decades in the transportation industry leading up to his service as President & Chief Executive Officer of Westinghouse Air Brake Technologies d/b/a Wabtec Corporation for fiveyears through his retirement on July 1, 2019. Prior to the CEO role, he held the positions of Chief Operating Officer and Vice President and Group Executive of Wabtec'sTransit Group. Before joining Wabtec, Mr. Betler spent 30 years with Westinghouse Transportation and its associated companies. Through Mr. Betler's career, he has gained a wealth of knowledge in rail transportation systems and related technologies that helps provide alignment and direction to the overall growth strategies of the Company.Mr. Betler is also a director of Dollar Bank, where he serves on multiple committees. He is a member of the Advisory Board of Carnegie Mellon College of Engineering, Electrical and Computer Engineering departments, including the Federal Transportation Center at CMU. "Ray has been a welcome addition to the L.B. Foster Board since 2020 and has made a significant impact and impression. His long history of board and operational leadership makes him a perfect fit for the role of Chairman. Reported Earnings • May 13
First quarter 2022 earnings released: US$0.15 loss per share (vs US$0.12 loss in 1Q 2021) First quarter 2022 results: US$0.15 loss per share (down from US$0.12 loss in 1Q 2021). Revenue: US$98.8m (down 15% from 1Q 2021). Net loss: US$1.57m (loss widened 25% from 1Q 2021). Over the next year, revenue is expected to shrink by 1.5% compared to a 9.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Apr 22
L.B. Foster Company, Annual General Meeting, Jun 02, 2022 L.B. Foster Company, Annual General Meeting, Jun 02, 2022, at 08:00 Eastern Daylight. Agenda: To consider and discuss election of a board of nine directors for one-year terms; to consider and discuss Ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2022; to consider and discuss Advisory approval of the compensation paid to the Company's named executive officers in 2021; and to consider and discuss Approval of the L.B. Foster Company 2022 Equity and Incentive Compensation Plan. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 18% share price gain to €15.70, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 13x in the Machinery industry in Germany. Negligible returns to shareholders over past three years. Reported Earnings • Mar 03
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$0.34 (down from US$2.45 in FY 2020). Revenue: US$513.6m (up 3.3% from FY 2020). Net income: US$3.55m (down 86% from FY 2020). Profit margin: 0.7% (down from 5.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.8%. Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Feb 24
L.B. Foster Company to Report Q4, 2021 Results on Mar 01, 2022 L.B. Foster Company announced that they will report Q4, 2021 results Pre-Market on Mar 01, 2022 Announcement • Feb 02
22NW Fund Engages in Discussions with L.B. Foster Company On February 1, 2022, 22NW Fund, LP announced that it has engaged, and intends to continue to engage, in communications with L.B. Foster Company’s management team and Board of Directors regarding means to enhance stockholder value and improve the Company’s corporate governance. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS US$0.21 (vs US$1.57 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$130.1m (up 9.9% from 3Q 2020). Net income: US$2.27m (down 86% from 3Q 2020). Profit margin: 1.7% (down from 14% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Sep 29
JD Fields & Company, Inc. acquired Steel Piling Products Business of L.B. Foster Company for $24 million. JD Fields & Company, Inc. acquired Steel Piling Products Business of L.B. Foster Company for $24 million on September 24, 2021. L.B. Foster is retaining all pre-closing receivables and liabilities associated with the business. The Piling Products division produced revenue of $59 million for the twelve months ended December 31, 2020.
JD Fields & Company, Inc. completed the acquisition of Steel Piling Products Business of L.B. Foster Company on September 24, 2021. Announcement • Jun 27
L.B. Foster Company(NasdaqGS:FSTR) dropped from Russell 2000 Defensive Index L.B. Foster Company(NasdaqGS:FSTR) dropped from Russell 2000 Defensive Index Reported Earnings • May 05
First quarter 2021 earnings released: US$0.12 loss per share (vs US$0.18 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$116.1m (down 9.9% from 1Q 2020). Net loss: US$1.26m (loss narrowed 33% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 10
New 90-day high: €14.80 The company is up 21% from its price of €12.20 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 8.0% over the same period. Announcement • Mar 06
L.B. Foster Promotes Two Senior Business Leaders L.B. Foster Company announced the promotions of Gregory (Greg) W. Lippard, the Company's Vice President of Rail Technologies & Services, to Senior Vice President, Rail Technologies & Services, and William (Bill) F. Treacy, the Company' Vice President of Infrastructure Solutions, to Senior Vice President, Infrastructure Solutions, each effective immediately. The promotions of Lippard and Treacy, which follow L.B. Foster’s recent realignment of its business segment structure last month, will report directly to John F. Kasel, Senior Vice President and Chief Operating Officer. To better align the Company’s competencies to changing market dynamics, a recent reorganization was completed which consolidated the Company’s reporting segments into two: Rail Technologies & Services and Infrastructure Solutions. The Company believes this structure will effectively support its growth opportunities and leverage rebounding markets. As the new Senior Vice President of Rail Technologies & Services, Mr. Lippard will continue to lead the Company’s rail businesses with responsibility for sales, strategy, and business development activities, and will also oversee development and engineering for existing and new rail technology solutions. A 28-year veteran of L.B. Foster, Mr. Lippard has deep experience in the rail business and an intimate knowledge of global rail markets, both of which have been integral to the Company’s global market leadership. As the new Senior Vice President of Infrastructure Solutions, Mr. Treacy will continue to lead the Company’s diverse set of infrastructure businesses with a focus on creating scale around the most attractive markets and products. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue misses expectations Revenue missed analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 7.0%, compared to a 5.7% growth forecast for the Machinery industry in Germany. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS US$2.45 (vs US$4.09 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$497.4m (down 24% from FY 2019). Net income: US$25.8m (down 39% from FY 2019). Profit margin: 5.2% (down from 6.5% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Feb 24
L.B. Foster Company to Report Q4, 2020 Results on Mar 02, 2021 L.B. Foster Company announced that they will report Q4, 2020 results After-Market on Mar 02, 2021 Is New 90 Day High Low • Feb 05
New 90-day high: €14.00 The company is up 23% from its price of €11.40 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 09
New 90-day high: €13.00 The company is up 2.0% from its price of €12.70 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 13% over the same period. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue misses expectations Revenue missed analyst estimates by 16%. Over the next year,revenue is forecast to stay flat, in line with the revenue forecast for the Machinery industry in Germany. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS US$1.57 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: US$118.4m (down 18% from 3Q 2019). Net income: US$16.6m (up 342% from 3Q 2019). Profit margin: 14% (up from 2.6% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Oct 29
L.B. Foster Company to Report Q3, 2020 Results on Nov 04, 2020 L.B. Foster Company announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 04, 2020 Announcement • Sep 10
An unknown buyer acquired IOS Test and Inspection Services Business from L.B. Foster Company (NasdaqGS:FSTR) for $4 million. An unknown buyer acquired IOS Test and Inspection Services Business from L.B. Foster Company (NasdaqGS:FSTR) for $4 million on September 4, 2020. For the year ended December 31, 2019, the Test and Inspection Services business generated revenues of $38.6 million, gross profit of $0.4 million and adjusted EBITDA of $(1.8) million.
An unknown buyer completed the acquisition of IOS Test and Inspection Services Business from L.B. Foster Company (NasdaqGS:FSTR) on September 4, 2020. Announcement • Jul 31
L.B. Foster Company to Report Q2, 2020 Results on Aug 04, 2020 L.B. Foster Company announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 04, 2020 Announcement • Jul 05
L.B. Foster Company(NasdaqGS:FSTR) dropped from Russell 2000 Growth Index L.B. Foster Company(NasdaqGS:FSTR) dropped from Russell 2000 Growth Index Announcement • Jul 02
L.B. Foster Company(NasdaqGS:FSTR) dropped from Russell 2500 Growth Index L.B. Foster Company(NasdaqGS:FSTR) dropped from Russell 2500 Growth Index