L.B. Foster (FSTR) Reports Q4 Loss of $3.97
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L.B. Foster Reports Fourth Quarter Operating Results
March 2, 2017 4:01 PM ESTPITTSBURGH, March 02, 2017 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ: FSTR), a leading manufacturer and distributor of products and services for transportation and energy infrastructure, today reported its fourth quarter 2016 operating results which include:
A sales decrease of 23.4% from the prior year quarter to $106.6 million.Gross profit margin of 17.6% compared to 21.5% in the prior year.New orders decreased by 1.2% to $113.4 million from the prior year, but increased by 2.3% from the third quarter of 2016.Backlog declined by 10.5% from the prior year, but increased by 2.5% sequentially over the... More