L.B. Foster Company Reports Q4 Adj. EPS Of $0.85 - Quick Facts

(RTTNews) - L.B. Foster Company (FSTR) reported fourth-quarter net income of $6.03 million or $0.58 per share, compared to $7.28 million or $0.71 per share, prior year. Income from continuing operations, excluding certain charges, was $8.84 million or $0.85 per share, for the quarter. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.65 for the quarter. Analysts' estimates typically exclude special items. Net sales increased to $161.15 million from $156.46 million last year. Analysts expected revenue of $155.85 million for the quarter.

Robert Bauer, L.B. Foster CEO, said, "The fourth quarter turned out to be a great finish to a year filled with milestones. The performance of the underlying business was very good. Excluding Concrete Tie warranty charges, we finished the quarter with income from continuing operations up by 21.5% over the prior year driven by gross profit margins improving 300 basis points."