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L. B. Foster Company (FSTR)
NASDAQ:FSTR
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.3Last Year’s EPS
-$0.04Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 24.42%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment due to the company's significant improvements in profitability, cash generation, and strategic initiatives like the stock repurchase program. However, challenges such as a decline in sales and backlog, particularly in the Steel Products segment, were noted.Company Guidance
During the Q3 2024 earnings call for L.B. Foster, the company provided guidance indicating several key financial metrics and strategic priorities. They reported a gross margin of 23.8%, representing the highest level in over a decade, and a net income of $35.9 million, which included a $30 million favorable tax valuation reserve adjustment. Adjusted EBITDA was $12.3 million, up 16.4% year-over-year, despite a 5.4% decline in sales to $137.5 million. The company also generated $24.7 million in cash from operations, which was used primarily to reduce net debt by $17.7 million to $65.4 million, improving their gross leverage ratio to 1.9x. They revised their 2024 financial guidance, slightly lowering sales expectations but maintaining the midpoint of adjusted EBITDA, projecting second-half free cash flow between $30 million and $35 million. L.B. Foster is also focusing on capital allocation, with plans for continued investment in growth platforms like Rail Technologies and Precast Concrete, while also executing a stock repurchase program, buying approximately 127,000 shares for $2.6 million during the quarter.Exceptional Profitability and Gross Margin
The company achieved a 23.8% gross margin, the highest in over a decade, up 490 basis points over last year. Adjusted EBITDA was $12.3 million, up 16.4% despite lower sales.
Strong Cash Generation and Debt Reduction
Cash from operations totaled $24.7 million, allowing the company to reduce net debt by $17.7 million to $65.4 million, improving the gross leverage ratio to 1.9x.
Successful Stock Repurchase Program
The company expanded its stock repurchase program, buying approximately 127,000 shares for $2.6 million during the quarter.
Positive Developments in Rail and Precast Concrete
Rail segment margins were up 340 basis points year-over-year, and Precast Concrete grew 10.5% year-over-year with improved margins.
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FSTR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FSTR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $21.21 | $20.42 | -3.72% |
| Aug 06, 2024 | $20.59 | $16.53 | -19.72% |
| May 07, 2024 | $24.31 | $27.17 | +11.76% |
| Mar 05, 2024 | $24.26 | $22.33 | -7.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does L. B. Foster Company (FSTR) report earnings?
L. B. Foster Company (FSTR) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is L. B. Foster Company (FSTR) earnings time?
L. B. Foster Company (FSTR) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FSTR EPS forecast?
FSTR EPS forecast for the fiscal quarter 2024 (Q4) is $0.3.
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