L.B. Foster (FSTR) Misses Q1 EPS by 2c; Guides FY15 EPS Below Views

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Go back to L.B. Foster (FSTR) Misses Q1 EPS by 2c; Guides FY15 EPS Below Views

L.B. Foster Reports First Quarter Operating Results and Provides 2015 Outlook

May 6, 2015 8:39 AM EDT

PITTSBURGH, May 6, 2015 (GLOBE NEWSWIRE) -- L.B. Foster Company (Nasdaq: FSTR), a leading manufacturer, fabricator, and distributor of products and services for rail, construction, energy and utility markets, today reported its first quarter 2015 operating results, including:

Sales increased by 23.8% to $137.9 million   Diluted EPS increased by 17.1% to $0.41 per diluted share   Gross profit margin improved to 22.2%, an increase of 60 basis points   Recent acquisitions contributed $20.0 million of sales at 22.9% gross profit margins in the first quarter   Due to the recent acquisitions of Chemtec Energy Services ("Chemtec"), Inspection Oilfield Services... More