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
Website
CEO
Robert Bauer
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
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
415 HOLIDAY DR
PITTSBURGH
PA 15220
Phone
4129283431
FSTR stock data
News

L.B. Foster Acquires Operating Assets Of VanHooseCo Precast For $50.5M
12 Aug 22
L.B. Foster Q2 EPS $0.18, Inline, Sales $116.58M Miss $125.16M Estimate
9 Aug 22
L.B. Foster: Q2 Earnings Insights
9 Aug 22
Earnings Scheduled For August 9, 2022
9 Aug 22
L.B. Foster Announces Track Components Business Divestiture
5 Aug 22
Press releases
L.B. Foster Expands Precast Concrete Business with Acquisition of VanHooseCo Precast Operating Assets
12 Aug 22
L.B. Foster Announces Track Components Business Divestiture
5 Aug 22
L.B. Foster Company to Report Second Quarter 2022 Operating Results on August 9, 2022
2 Aug 22
L.B. Foster Announces Two UK-Based Rail Technologies Acquisitions
1 Aug 22
L.B. Foster Announces the Appointment of Raymond T. Betler as Chairman of the Board of Directors
15 Jun 22
Analyst ratings and price targets
Calendar
10 May 22
12 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Cost of revenue | |||||
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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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
75.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 64 |
Opened positions | 6 |
Closed positions | 8 |
Increased positions | 16 |
Reduced positions | 25 |
13F shares | Current |
---|---|
Total value | 126.53M |
Total shares | 8.26M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
22NW Fund | 1.02M | $15.35M |
22NW | 1.02M | $15.73M |
Dimensional Fund Advisors | 663.39K | $10.2M |
GBL Gamco Investors | 655.17K | $10.07M |
Vanguard | 458.07K | $7.04M |
Renaissance Technologies | 423.53K | $6.51M |
Rutabaga Capital Management | 389.86K | $5.99M |
AMP Ameriprise Financial | 349.4K | $5.37M |
Azarias Capital Management | 274.19K | $4.21M |
Boston Partners | 227.15K | $3.49M |
Financial report summary
?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
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
begun, contractual, degradation, double, drove, expired, extension, geopolitical, hold, larger, November, pretax, promised, pursue, ramp, shortage, significantly, southern, stability, stabilization, stringent, stronger, strongest, supplemental, Technology, Ukraine
Removed:
anniversary, car, closing, coating, composed, consist, convert, deferral, disposition, distributed, driver, earlier, earn, earned, enumerated, face, favorably, froze, improve, increasing, industrial, legacy, LLC, longer, membership, occur, organized, passenger, payable, personnel, pertain, pipeline, precision, professional, protective, recovery, reflected, relocation, remain, restructuring, retainage, retention, ridership, Solution, threading, tie, Tubular, unbilled, unloader, upstream, variety, weak, welded, wholly, world
Financial reports
Current reports
8-K
L.B. Foster Expands Precast Concrete Business with Acquisition of VanHooseCo Precast Operating Assets
12 Aug 22
8-K
L.B. Foster Reports Second Quarter Operating Results
9 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
3 Jun 22
8-K
L.B. Foster Reports First Quarter Operating Results
10 May 22
8-K
L.B. Foster Reports Fourth Quarter and Full Year 2021 Operating Results
1 Mar 22
8-K
Departure of Directors or Certain Officers
21 Dec 21
8-K
L.B. Foster Reports Third Quarter Operating Results
2 Nov 21
8-K
Departure of Directors or Certain Officers
5 Oct 21
8-K
L.B. Foster Announces Sale of Steel Piling Products Business
27 Sep 21
8-K
L.B. Foster Company Expands and Extends Credit Agreement on More Favorable Terms
16 Aug 21
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Jun 22
S-8
Registration of securities for employees
2 Jun 22
15-12G
Securities registration termination
2 Nov 18
S-8
Registration of securities for employees
1 Aug 18
S-8
Registration of securities for employees
1 Aug 18
S-8
Registration of securities for employees
20 Dec 17
S-8
Registration of securities for employees
31 May 16
S-8
Registration of securities for employees
30 Dec 15
S-8
Registration of securities for employees
14 Mar 12
SC TO-T/A
Third party tender offer statement (amended)
22 Dec 10
Proxies
DEFA14A
Additional proxy soliciting materials
21 Apr 22
PRE 14A
Preliminary proxy
8 Apr 22
DEFA14A
Additional proxy soliciting materials
15 Apr 21
DEFA14A
Additional proxy soliciting materials
11 May 20
DEFA14A
Additional proxy soliciting materials
16 Apr 20
DEFA14A
Additional proxy soliciting materials
11 Apr 19
DEF 14A
Definitive proxy
11 Apr 19
Other
SD
Conflict minerals disclosure
27 May 22
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
24 May 19
UPLOAD
Letter from SEC
17 Oct 18
CORRESP
Correspondence with SEC
15 Oct 18
UPLOAD
Letter from SEC
3 Oct 18
SD
Conflict minerals disclosure
25 May 18
SD
Conflict minerals disclosure
25 May 17
UPLOAD
Letter from SEC
18 Aug 16
Ownership
11-K
Annual report of employee stock purchases
22 Jun 22
11-K
Annual report of employee stock purchases
22 Jun 22
4/A
FOSTER L B / Bruce Ernest Thompson ownership change
7 Jun 22
4
FOSTER L B / Bruce Ernest Thompson ownership change
3 Jun 22
4
FOSTER L B / WILLIAM H RACKOFF ownership change
3 Jun 22
4
FOSTER L B / Suzanne B Rowland ownership change
3 Jun 22
4
FOSTER L B / Robert S Purgason ownership change
3 Jun 22
4
FOSTER L B / DIANE B OWEN ownership change
3 Jun 22
4
FOSTER L B / DIRK JUNGE ownership change
3 Jun 22
4
FOSTER L B / Raymond T Betler ownership change
3 Jun 22
Patents
Design
Trackside tank
2 Aug 22
Inventors: Shawn Zier, Nickolas Ciesielski, Matthew Redfield
Utility
Wayside friction management system
7 Jun 22
A wayside friction management system, and method for monitoring and controlling a wayside friction management system is described.
Utility
High-resilient Special Trackwork Rail Fastener
5 May 22
A direct fixation fastener comprising: a top plate; a bottom plate made of metal structural channel providing two spaced-apart side walls, wherein the bottom plate has a first end and a second end and wherein each of the first and second ends terminate in a first flat edge section and a second flat edge section, respectively, without spaced-apart side walls; first and second angle bars, wherein the first angle bar is attached to the first flat edge section and the second angle bar is attached to the second flat edge section; and an elastomeric layer disposed between the top plate and the bottom plate, between the top plate and angle bars and between the angle bars and the spaced-apart side walls.
Utility
Top of rail resilient bar
15 Mar 22
An applicator for applying a friction modifying material to the surface of a rail is provided.
Utility
Rail port insert
26 Oct 21
A rail port insert is provided.
Transcripts
2022 Q1
Earnings call transcript
10 May 22
2021 Q4
Earnings call transcript
1 Mar 22
2021 Q3
Earnings call transcript
2 Nov 21
2021 Q2
Earnings call transcript
8 Aug 21
2021 Q1
Earnings call transcript
9 May 21
2020 Q4
Earnings call transcript
3 Mar 21
2020 Q3
Earnings call transcript
5 Nov 20
2020 Q2
Earnings call transcript
8 Aug 20
2020 Q1
Earnings call transcript
9 May 20
2019 Q4
Earnings call transcript
25 Feb 20
Reddit threads
Daily Discussion Thread - August 9th, 2022
9 Aug 22
Daily Discussion Thread - August 2nd, 2022
2 Aug 22
Daily Discussion Thread - August 1st, 2022
1 Aug 22
Daily Discussion Thread - May 10th, 2022
10 May 22
Daily Discussion Thread - May 9th, 2022
9 May 22
Daily Discussion Thread - May 2nd, 2022
2 May 22
Daily Discussion Thread - April 29th, 2022
29 Apr 22
Daily Discussion Thread - March 1st, 2022
1 Mar 22
Daily Discussion Thread - February 28th, 2022
28 Feb 22
Daily Discussion Thread - November 2nd, 2021
2 Nov 21