Trade L B Foster Co - FSTR CFD

LB Foster Company profile

About L B Foster Co

L.B. Foster Company (Foster) provides products and services for the rail industry and solutions to support critical infrastructure projects. The Company’s engineering and product development solutions addresses its customers’ requirements. The Company maintains locations in North America, South America, Europe, and Asia. The Company is organized and operates in two business segments: Rail Technologies and Services (Rail) and Infrastructure Solutions. The Rail segment is comprised of manufacturing and distribution businesses that provide a variety of products and services for freight and passenger railroads and industrial companies throughout the world. The Infrastructure Solutions segment is composed of precast concrete products, fabricated bridge, protective coating, threading, and precision measurement offerings across North America.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, L B Foster Co revenues increased 3% to $513.6M. Net income before extraordinary items decreased 86% to $3.6M. Revenues reflect Rail Products and Services segment increase of 8% to $299.7M, Canada segment increase of 67% to $57.6M, Other segment increase of 42% to $28.3M. Net income was offset by Infrastructure Solutions segment loss totaling $857K vs. income of $8.3M.

Equity composition

Common Stock $.01 Par, 12/10, 20M auth., 10,277,138 issd.,less 814,249 sh in Treasury @ 1M. Insiders own 4.59% PO:12/82,1Mshares @ $8.75 by Ladenburg, Thalman.