secwatch.observer — SEC 8-K summary
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Issuer:     FOSTER L B CO (FSTR)
CIK:        0000352825
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0000352825-22-000033
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

L.B. Foster Q2 net income falls to $2.0M ($0.18 EPS); orders up 2.1% to $141.4M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/352825/000035282522000033/0000352825-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/352825/000035282522000033/fstr-20220809.htm
  HTML page:      https://secwatch.observer/filing/0000352825-22-000033

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