earnings
confidence high
sentiment negative
materiality 0.75
L.B. Foster Q4 net loss $0.4M vs income $2.3M prior year; FY adj. EPS $0.13 down from $0.98
FOSTER L B CO
2021-FY EPS reported
$0.34
revenue$513,620,000
- Q4 net loss from continuing ops $0.4M ($0.03 loss per share) vs net income $2.3M ($0.21) a year ago.
- Q4 net sales $113.0M, down 2.3% YoY; up 8.8% excluding divested Piling business.
- Full year adj. net income $1.4M ($0.13) vs $10.5M ($0.98); adj. EBITDA $18.7M, down 41.6%.
- Gross margins pressured by labor/raw material inflation, supply chain, COVID disruptions; CEO sees 2022 improvement.
- Backlog $210.2M, down 2.8% ex-Piling; company reorganized into Rail, Precast Concrete, and Steel Products segments.