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L.B. Foster (FSTR)

L.B. Foster Company and its subsidiaries provide products and services for the rail industry, and solutions to support critical infrastructure projects. Its innovative engineering and product development solutions inspire the safety, reliability, and performance of its customer's challenging requirements. The Company maintains locations in North America, Europe, and Asia.

Company profile

Ticker
FSTR
Exchange
CEO
Robert Bauer
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Chemtec Energy • CXT Incorporated • IOS Holdings, LLC • L.B. Foster GmbH • L.B. Foster India Holdings Company • L.B. Foster International Holdings Company • L.B. Foster Latin America Holdings Company • L.B. Foster Produtos Ferroviários do Brasil Ltda. • L.B. Foster Rail Technologies Canada Ltd. • L.B. Foster Rail Technologies, Corp. ...
IRS number
251324733
SEC advisor number
801-38507
FINRA CRD number
107148
AUM ?
$2.02B (as of 27 Mar 19)
Accounts
4,081 (as of 27 Mar 19)
Employees
54 (25 investment advisory or research)
Address
L.B. Foster
415 HOLIDAY DR
PITTSBURGH
PA 15220
Phone
4129283431

FSTR stock data

Analyst ratings and price targets

Last 3 months

Calendar

10 May 22
12 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 6.24M 6.24M 6.24M 6.24M 6.24M 6.24M
Cash burn (monthly) 1.38M (no burn) 762.33K (no burn) (no burn) 560.75K
Cash used (since last report) 6.09M n/a 3.37M n/a n/a 2.48M
Cash remaining 151.5K n/a 2.87M n/a n/a 3.76M
Runway (months of cash) 0.1 n/a 3.8 n/a n/a 6.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Jun 22 John E Kunz Common Stock Grant Acquire A No No 13.09 5,730 75.01K 5,730
2 Jun 22 Betler Raymond T Common Stock Grant Acquire A No No 13.09 5,730 75.01K 16,897
2 Jun 22 Junge Dirk Common Stock Grant Dispose A No No 13.09 5,730 75.01K 24,163
75.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 64 66 -3.0%
Opened positions 6 5 +20.0%
Closed positions 8 13 -38.5%
Increased positions 16 18 -11.1%
Reduced positions 25 28 -10.7%
13F shares Current Prev Q Change
Total value 126.53M 464.66M -72.8%
Total shares 8.26M 7.24M +14.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
22NW Fund 1.02M $15.35M NEW
22NW 1.02M $15.73M -0.0%
Dimensional Fund Advisors 663.39K $10.2M +1.1%
GBL Gamco Investors 655.17K $10.07M +14.9%
Vanguard 458.07K $7.04M -0.3%
Renaissance Technologies 423.53K $6.51M -4.9%
Rutabaga Capital Management 389.86K $5.99M +59.5%
AMP Ameriprise Financial 349.4K $5.37M +4.6%
Azarias Capital Management 274.19K $4.21M -1.1%
Boston Partners 227.15K $3.49M +4.6%
Largest transactions Shares Bought/sold Change
22NW Fund 1.02M +1.02M NEW
Castleview Partners 0 -339.12K EXIT
Gendell Jeffrey L 150.47K +150.47K NEW
Rutabaga Capital Management 389.86K +145.45K +59.5%
Brandes Investment Partners 144.11K +106.43K +282.4%
Ancora Advisors 196.87K -85.32K -30.2%
GBL Gamco Investors 655.17K +85.07K +14.9%
Systematic Financial Management 71.15K +35.36K +98.8%
Huber Capital Management 12.5K -30.85K -71.2%
Two Sigma Advisers 20.45K -25.8K -55.8%

Financial report summary

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Risks
  • The COVID-19 pandemic could continue to adversely affect our business.
  • Business and Operational Risks
  • Our inability to successfully manage acquisitions, divestitures, and other significant transactions could harm our financial results, business, and prospects.
  • Prolonged negative economic conditions, volatile energy prices, and other unfavorable changes in U.S., global, or regional economic and market conditions could adversely affect our business.
  • Our ability to maintain or improve our profitability could be adversely impacted by cost pressures.
  • Our success is in part dependent on the accuracy and proper utilization of our management information and communications systems.
  • We are subject to cybersecurity risks and may incur increasing costs in an effort to minimize those risks.
  • Certain divisions of our business depend on a small number of suppliers. The loss of any such supplier could have a material and adverse effect on our business, financial condition, and result of operations.
  • Fluctuations in the price, quality, and availability of the primary raw materials used in our business could have a material and adverse effect on our operations and profitability.
  • Labor disputes may have a material and adverse effect on our operations and profitability.
  • Actions of activist shareholders could be disruptive and potentially costly and the possibility that activist shareholders may seek changes that conflict with our strategic direction could cause uncertainty about the strategic direction of our business.
  • Our success is highly dependent on the continued service and availability of qualified personnel.
  • We may not foresee or be able to control certain events that could adversely affect our business.
  • Our business operates in highly competitive markets and a failure to react to changing market conditions could adversely impact our business.
  • If we are unable to protect our intellectual property and prevent its improper use by third parties, our ability to compete may be harmed.
  • We are dependent upon key customers.
  • Our future performance and market value could cause write-downs of long-lived and intangible assets in future periods.
  • Our indebtedness could materially and adversely affect our business, financial condition, and results of operations and prevent us from fulfilling our obligations.
  • Changes in our tax rates or exposure to additional income tax liability could impact our profitability and management projections, estimates, and judgments, particularly with respect to reserves for litigation, deferred tax assets, and the fair market value of certain assets and liabilities, may be inaccurate and not be indicative of our future performance.
  • Legal, Tax, and Regulatory Risks
  • An adverse outcome in any pending or future litigation or pending or future warranty claims against the Company or its subsidiaries or our determination that a customer has a substantial product warranty claim could negatively impact our financial results and/or our financial condition.
  • Violations of the U.S. Foreign Corrupt Practices Act and similar worldwide anti-corruption laws and other foreign governmental regulations, could result in fines, penalties, and criminal sanctions against the Company, its officers, or both and could have a material and adverse effect on our business.
  • Shifting federal, state, local, and foreign regulatory policies impose risks to our operations.
  • The United States-Mexico-Canada Trade Agreement (“USMCA”) and certain other international trade agreements could affect our business, financial condition, and results of operations.
  • A portion of our sales are derived from our international operations, which expose us to certain risks inherent in doing business on an international level.
  • Economic conditions and regulatory changes caused by the United Kingdom’s exit from the European Union could adversely affect our business.
Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • This Quarterly Report on Form 10-Q contains “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Many of the forward-looking statements are located in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” (“MD&A”). Forward-looking statements provide management’s current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Sentences containing words such as “believe,” “intend,” “plan,” “may,” “expect,” “should,” “could,” “anticipate,” “estimate,” “predict,” “project,” or their negatives, or other similar expressions of a future or forward-looking nature generally should be considered forward-looking statements. Forward-looking statements in this Quarterly Report on Form 10-Q are based on management’s current expectations and assumptions about future events that involve inherent risks and uncertainties and may concern, among other things, the Company’s expectations relating to our strategy, goals, projections, and plans regarding our financial position, liquidity, capital resources, and results of operations and decisions regarding our strategic growth initiatives, market position, and product development. While the Company considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. The Company cautions readers that various factors could cause the actual results of the Company to differ materially from those indicated by forward-looking statements. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Among the factors that could cause the actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties related to: the COVID-19 pandemic, and any future global health crises, and the related social, regulatory, and economic impacts and the response thereto by the Company, our employees, our customers, and national, state, or local governments; volatility in the prices of oil and natural gas and the related impact on the midstream energy markets, which could result in cost mitigation actions, including shutdowns or furlough periods; a continuation or worsening of the adverse economic conditions in the markets we serve, whether as a result of the current COVID-19 pandemic, including its impact on labor markets, supply chains, and other inflationary costs, travel and demand for oil and gas, the continued deterioration in the prices for oil and gas, governmental travel restrictions, project delays, and budget shortfalls, or otherwise; volatility in the global capital markets, including interest rate fluctuations, which could adversely affect our ability to access the capital markets on terms that are favorable to us; restrictions on our ability to draw on our credit agreement, including as a result of any future inability to comply with restrictive covenants contained therein; a continuing decrease in freight or transit rail traffic, including as a result of the ongoing COVID-19 pandemic; environmental matters, including any costs associated with any remediation and monitoring of such matters; the risk of doing business in international markets, including compliance with anti-corruption and bribery laws, foreign currency fluctuations and inflation, and trade restrictions or embargoes; our ability to effectuate our strategy, including cost reduction initiatives, and our ability to effectively integrate acquired businesses or to divest businesses, such as the recent dispositions of the Piling and IOS Test and Inspection Services businesses and acquisition of the LarKen Precast business and to realize anticipated benefits; costs of and impacts associated with shareholder activism; continued customer restrictions regarding the on-site presence of third party providers due to the COVID-19 pandemic; the timeliness and availability of materials from our major suppliers, including any continuation or worsening of the disruptions in the supply chain experienced as a result of the COVID-19 pandemic, as well as the impact on our access to supplies of customer preferences as to the origin of such supplies, such as customers’ concerns about conflict minerals; labor disputes; cyber-security risks such as data security breaches, malware, ransomware, “hacking,” and identity theft, which could disrupt our business and may result in misuse or misappropriation of confidential or proprietary information, and could result in the disruption or damage to our systems, increased costs and losses, or an adverse effect to our reputation; the continuing effectiveness of our ongoing implementation of an enterprise resource planning system; changes in current accounting estimates and their ultimate outcomes; the adequacy of internal and external sources of funds to meet financing needs, including our ability to negotiate any additional necessary amendments to our credit agreement or the terms of any new credit agreement, and reforms regarding the use of LIBOR as a benchmark for establishing applicable interest rates; the Company’s ability to manage its working capital requirements and indebtedness; domestic and international taxes, including estimates that may impact taxes; domestic and foreign government regulations, including tariffs; economic conditions and regulatory changes caused by the United Kingdom’s exit from the European Union; geopolitical conditions, including the conflict in Ukraine; a lack of state or federal funding for new infrastructure projects; an increase in manufacturing or material costs; the loss of future revenues from current customers; and risks inherent in litigation and the outcome of litigation and product warranty claims. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual outcomes could vary materially from those indicated. Significant risks and uncertainties that may affect the operations, performance, and results of the Company’s business and forward-looking statements include, but are not limited to, those set forth under Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2021, or as updated and/or amended by our other current or periodic filings with the Securities and Exchange Commission.
  • The forward-looking statements in this report are made as of the date of this report and we assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by the federal securities laws.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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