secwatch.observer — SEC 8-K summary
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Issuer:     FOSTER L B CO (FSTR)
CIK:        0000352825
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0000352825-21-000063
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

L.B. Foster Q3 net sales up 9.9% to $130.1M; adjusted EPS falls to $0.02 from $0.09
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- Net income from continuing ops: $2.3M ($0.21 diluted), vs $16.6M ($1.56) prior year which included $15.8M tax benefit.
- Adjusted net income from cont ops: $0.2M ($0.02 diluted), down from $1.0M ($0.09) YoY.
- Adjusted EBITDA from cont ops: $4.4M, down 40.7% YoY; gross margin fell 150 bps to 17.1%.
- New orders (ex-Piling) rose 18.5% YoY to $125.6M; backlog up 9.8% to $228.9M.
- Completed divestiture of Piling Products for $33.5M, generating $2.0M net gain; net debt reduced to $26.0M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/352825/000035282521000063/0000352825-21-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/352825/000035282521000063/fstr-20211102.htm
  HTML page:      https://secwatch.observer/filing/0000352825-21-000063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer