L.B. Foster (FSTR) Misses Q4 EPS by 3c; Issues Light FY16 Profit Outlook
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L.B. Foster Reports Fourth Quarter Operating Results
March 1, 2016 8:50 AM ESTPITTSBURGH, March 01, 2016 (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 fourth quarter 2015 operating results, which included diluted earnings per share of $0.32 and cash flow provided by operating activities of $42.5 million. Other noteworthy items in the fourth quarter were:
Sales decreased by 13.7% to $139.1 million Adjusted gross profit margin1 was 21.5% compared to 22.6% in the prior year (21.5% and 19.6% reported) Adjusted EBITDA was $11.2 million compared to $17.4 million in the prior year... More