8-K
filed August 6, 2024, 7:59 PM ET
ticker FSTR
CIK 0000352825
earnings
confidence high
sentiment negative
materiality 0.70
L.B. Foster Q2 net sales down 4.9% to $140.8M, net income down 19.4%, updates 2024 guidance, modifies buyback program
FOSTER L B CO
2024-Q2 EPS reported
$0.66
revenue$265,116,000
- Q2 net sales $140.8M, down 4.9% YoY; gross profit $30.5M, down 5.4%; net income $2.8M, down 19.4%; adjusted EBITDA $8.1M, down 23.8%
- Full year 2024 net sales guidance revised to $525M-$550M; adjusted EBITDA guidance $34M-$37M, representing ~12% growth at midpoint
- Enterprise restructuring impacting ~40 salaried employees (7% of salaried workforce); expected annual savings $4.5M, $2.0M in 2024; charges $1.5M in H2 2024
- Board modified stock repurchase program: expiration moved to Feb 2025 (from Feb 2026), removed $5M trailing 12-month restriction; $11M remaining of $15M authorization
- Backlog $249.8M, down $40.3M from prior year record high; new orders $171.0M, up 29.2% sequentially
Machine-readable event card
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- secwatch.filing_event.v1
- accession
- 0000352825-24-000174
- form_type
- 8-K
- ticker
- FSTR
- cik
- 0000352825
- company_name
- FOSTER L B CO
- filed_at
- 2024-08-06T23:59:59+00:00
- discovered_at
- 2026-05-14T18:03:15.506305+00:00
- generated_at
- 2026-05-31T12:44:37.302280+00:00
- sec_items
- ["2.02", "8.01", "9.01"]
- event_type
- earnings
- sentiment
- negative
- materiality_score
- 0.7
- calibrated_materiality_score
- 0.7
- confidence
- high
- secwatch_canonical_url
- https://secwatch.observer/filing/0000352825-24-000174
- json_url
- https://secwatch.observer/filing/0000352825-24-000174.json
- markdown_url
- https://secwatch.observer/filing/0000352825-24-000174.md
- text_url
- https://secwatch.observer/filing/0000352825-24-000174.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/352825/000035282524000174/0000352825-24-000174-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/352825/000035282524000174/fstr-20240806.htm
- generated_by_model
- deepseek-v4-flash:cloud@v2
- review_status
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- human_reviewed
- false
- corrected
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