foster (lb) co-a (FSTR:NASDAQ GS)
foster (lb) co-a (FSTR) Snapshot
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Open
$45.70
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Previous Close
$45.69
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Day High
$46.21
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Day Low
$45.22
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52 Week High
05/20/13 - $46.43
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52 Week Low
06/13/12 - $25.05
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Market Cap
464.5M
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Average Volume 10 Days
20.7K
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EPS TTM
$3.01
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Shares Outstanding
10.2M
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EX-Date
03/13/13
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P/E TM
15.2x
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Dividend
$0.12
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Dividend Yield
0.23%
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Related News
foster (lb) co-a (FSTR) Related Businessweek News
No Related Businessweek News Foundfoster (lb) co-a (FSTR) Details
L.B. Foster Company engages in the manufacture, fabrication, and distribution of products and services for the rail, construction, energy, and utility markets. It operates in three segments: Rail Products, Construction Products, and Tubular Products. The Rail Products segment provides new and used rail to railroads, mines, and industry. This segment also offers rail accessories, such as trackwork, track spikes, bolts, angle bars, and other products to install or maintain rail lines; 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 Construction segment sells and rents steel sheet piling, H-bearing piling, pipe piling, 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 grid reinforced concrete deck and open steel grid flooring systems, guardrails, expansion joints, bridge decking and railing, and structural steel fabrications; and produces precast concrete buildings, including restrooms, concession stands, and other protective storage buildings. The Tubular segment supplies pipe coatings for natural gas pipelines and utilities; and produces threaded pipe products for industrial water well and irrigation markets. L.B. Foster Company markets its products directly in the United States, Canada, and the United Kingdom, as well as through a network of agents in Europe, South America, and Asia. The company was founded in 1902 and is headquartered in Pittsburgh, Pennsylvania.
foster (lb) co-a (FSTR) Top Compensated Officers
foster (lb) co-a (FSTR) Key Developments
LB Foster Co. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of $129,321,000 against $114,291,000 a year ago. Net sales of $129.3 million increased by $15.0 million or 13.2% due to a 22.2% increase in Rail segment sales and a 19.5% improvement in Tubular segment sales, partially offset by a 4.0% decline in construction segment sales. Income from continuing operations before income taxes was $7,444,000 against $4,493,000 a year ago. Income from continuing operations was $4,951,000 against $2,979,000 a year ago. Net income was $4,927,000 against $3,369,000 a year ago. Diluted earnings per share from continuing operations were $0.48 against $0.29 a year ago. Cash used by continuing operating activities was $17.6 million compared to a $2.9 million use of cash in the first quarter of 2012. The 2013 result was due principally to an increase in accounts receivable which resulted from a ramp up in sales beginning in mid-February. Capital expenditures were $1 million for the first quarter compared to $2.5 million in the prior year quarter. The company anticipates that 2013 capital expenditures will range between $9 million and $10 million. They also anticipate that 2013 cash generation from operating activities will exceed capital expenditures, debt service payments, dividends and share repurchases.
LB Foster Co., Q1 2013 Earnings Call, Apr 30, 2013
LB Foster Co. announced that its board of directors has authorized a $0.03 per share regular quarterly cash dividend on its issued and outstanding shares of common stock which represents a 20% increase over the prior year quarterly dividend paid. The dividend is payable on March 29, 2013 to shareholders of record at the close of business on March 15, 2013.
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Industry Analysis
FSTR
Industry Average
| Valuation | FSTR | Industry Range |
| Price/Earnings | 28.0x |
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| Price/Sales | 0.8x |
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| Price/Book | 1.6x |
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| Price/Cash Flow | 22.4x |
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| TEV/Sales | 0.6x |
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Post a JobJobs
- Spokane, WA | LB FosterPosted: May 15
- Spokane, WA | L.B. FosterPosted: May 17
- Pittsburgh, PA | LB FosterPosted: May 09
- Pittsburgh, PA | L.B. FosterPosted: May 10
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