secwatch.observer — SEC 8-K summary
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Issuer:     FOSTER L B CO (FSTR)
CIK:        0000352825
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0000352825-22-000062
Event type: earnings
Sentiment:  negative
Materiality: 0.72
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

L.B. Foster Q3 net loss $2.1M; adjusted EBITDA up 110.8% to $9.3M, backlog at 5-year high
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- Net loss of $2.1M ($0.20 per diluted share) vs prior-year income of $2.3M ($0.22).
- Adjusted EBITDA $9.3M up 110.8% YoY; organic sales growth 8.7%, adjusted 11.8% for nonroutine items.
- Backlog $272.8M at quarter end, a 5-year high, up 17.7% YoY; new orders $137.3M.
- Completed acquisitions of Intelligent Video and VanHooseCo; divested Track Components; net debt $94.0M, leverage 4.7x.
- Gross margin adjusted to 20.8% up 370bps; Crossrail settlement reduced sales by $4.0M and gross profit by 240bps.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/352825/000035282522000062/0000352825-22-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/352825/000035282522000062/fstr-20221108.htm
  HTML page:      https://secwatch.observer/filing/0000352825-22-000062

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