earnings
confidence high
sentiment negative
materiality 0.70
L.B. Foster Q2 net income falls to $2.0M ($0.18 EPS); orders up 2.1% to $141.4M
FOSTER L B CO
2022-Q2 EPS reported
$0.04
revenue$230,309,000
- Net sales $131.5M, down 14.9% YoY largely due to Piling divestiture; adjusted sales down 0.7%.
- Adjusted EBITDA $6.1M, a 26.5% decline YOY; net debt $41.6M, leverage 2.8x.
- New orders $141.4M (+2.1% YoY); backlog $250.8M (+14.3% adjusted for Piling divestiture).
- Completed Skratch and Intelligent Video acquisitions in Q2; sold Track Components on Aug 1, 2022.
- Precast Concrete segment margins down 530 bps YoY due to higher input costs.