FOSTER L B CO
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
FSTR$41.88+5.4%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
(In thousands, except per share data)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Sales of goods | $104,463 | $98,538 |
| Sales of services | 19,857 | 16,950 |
| Total net sales | 124,320 | 115,488 |
| Cost of goods sold | 81,469 | 78,065 |
| Cost of services sold | 16,602 | 14,132 |
| Total cost of sales | 98,071 | 92,197 |
| Gross profit | 26,249 | 23,291 |
| Selling and administrative expenses | 22,749 | 21,423 |
| Amortization expense | 1,217 | 1,365 |
| Operating profit | 2,283 | 503 |
| Interest expense - net | 1,125 | 1,388 |
| Other (income) expense - net | (3,536) | 1,827 |
| Income (loss) before income taxes | 4,694 | (2,712) |
| Income tax expense (benefit) | 289 | (541) |
| Net income (loss) | 4,405 | (2,171) |
| Net loss attributable to noncontrolling interest | (31) | (19) |
| Net income (loss) attributable to L.B. Foster Company | $4,436 | $(2,152) |
| Per share data attributable to L.B. Foster shareholders: | ||
| Basic earnings (loss) per common share | $0.41 | $(0.20) |
| Diluted earnings (loss) per common share | $0.40 | $(0.20) |
| Basic weighted average shares outstanding | 10,762 | 10,792 |
| Diluted weighted average shares outstanding | 10,985 | 10,792 |
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