secwatch.observer — SEC 8-K summary
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Issuer:     FOSTER L B CO (FSTR)
CIK:        0000352825
Form:       8-K
Filed at:   2022-03-01T23:59:59+00:00
Accession:  0000352825-22-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

L.B. Foster Q4 net loss $0.4M vs income $2.3M prior year; FY adj. EPS $0.13 down from $0.98
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/352825/000035282522000004/0000352825-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/352825/000035282522000004/fstr-20220301.htm
  HTML page:      https://secwatch.observer/filing/0000352825-22-000004

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