secwatch.observer — SEC 8-K summary
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Issuer:     FOSTER L B CO (FSTR)
CIK:        0000352825
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000352825-24-000105
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/352825/000035282524000105/0000352825-24-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/352825/000035282524000105/fstr-20240507.htm
  HTML page:      https://secwatch.observer/filing/0000352825-24-000105

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