L.B. Foster Q2 net sales up 9.2% YoY to $154.5M; net income $0.27 per diluted share

FOSTER L B CO

2021-Q2 EPS reported $0.15 revenue$270,602,000

Q2 net sales $154.5M, +9.2% YoY (+33.1% sequentially); gross profit $26.2M, -7.0% YoY.
Net income from continuing ops $2.9M ($0.27/diluted share) vs $7.0M ($0.66) in Q2 2020.
Adjusted EBITDA $8.3M, -35.4% YoY; net debt $33.1M, leverage ratio 1.3x.
Backlog $253.2M (+12.4% YoY); new orders $138.6M (+3.5% YoY).
Rail segment sales +18.5% YoY; Infrastructure Solutions -1.3% due to Coatings & Measurement weakness.

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