secwatch.observer — SEC 8-K summary
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Issuer:     FOSTER L B CO (FSTR)
CIK:        0000352825
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0000352825-22-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/352825/000035282522000012/0000352825-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/352825/000035282522000012/fstr-20220510.htm
  HTML page:      https://secwatch.observer/filing/0000352825-22-000012

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