L.B. Foster Q1 net loss widens to $1.6M; orders up 17.7% ex-Piling, backlog $244.6M

FOSTER L B CO

2022-Q1 EPS reported -$0.15 revenue$98,794,000

Net loss of $1.6M ($0.15 per share) vs loss of $1.3M ($0.12) in Q1 2021.
Net sales $98.8M, down 14.9% YoY; excluding divested Piling division, sales up 3.7%.
New orders $135.4M (+17.7% YoY ex-Piling); backlog $244.6M, up $34.4M sequentially.
EBITDA $1.7M, down 39.7% YoY; adjusted net leverage 1.7x with $100.1M available under credit facility.
CEO expects sequential revenue growth of at least 25% in Q2; margins pressured by inflation but pricing actions underway.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.