secwatch.observer — SEC 8-K summary
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Issuer:     FOSTER L B CO (FSTR)
CIK:        0000352825
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0000352825-23-000031
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

L.B. Foster Q4 net loss $43.9M on $37.9M tax allowance; adj EBITDA up 133%; guides 2023 sales $540-570M
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- Q4 net sales $137.2M (+21.4% YoY); net loss $43.9M ($4.09/diluted) includes $37.9M deferred tax valuation allowance and $8.0M impairment.
- Q4 adjusted EBITDA $7.5M (+132.6% YoY); full year adj EBITDA $24.2M (+29.4%).
- 2023 guidance: net sales $540-570M, adjusted EBITDA $27-31M.
- Board authorized $15M stock buyback through Feb 2026, limited to $5M per trailing 12 months.
- Backlog $272.3M near all-time high; Q4 new orders $137.8M (+44.8% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/352825/000035282523000031/0000352825-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/352825/000035282523000031/fstr-20230306.htm
  HTML page:      https://secwatch.observer/filing/0000352825-23-000031

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