L.B. Foster Q1 net sales up 7.6% to $124.3M; adjusted EBITDA up 32.4%; reaffirms FY guidance

FOSTER L B CO

2024-Q1 EPS reported $0.40 revenue$124,320,000

Net sales $124.3M (+7.6% YoY); net income $4.4M vs prior year loss; gross margin 21.1% (+90bps).
Adjusted EBITDA $5.9M (+32.4% YoY); excludes $3.5M gain from non-core property sale.
Net debt $74.9M (-$2.5M YoY); Gross Leverage Ratio 2.2x (-0.2x).
Q1 new orders $132.4M (down YoY, up 25.5% sequentially); backlog $222.3M (+4.0% seq.).
FY2024 guidance reaffirmed: sales $525M-$560M, adj. EBITDA $34M-$39M, FCF $12M-$18M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FOSTER L B CO updated its first quarter ended March 31, 2024 guidance (reaffirmed).

Period: first quarter ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 7, 2024, L.B. Foster Company (“Company”) issued a press release announcing the Company’s results of operations for the first quarter ended March 31, 2024.

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Source: SEC EDGAR

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