FOSTER L B CO
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 7, 2024
FSTR$41.88+5.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands, except share data)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $3,135 | $2,560 |
| Accounts receivable - net (Note 5) | 66,718 | 53,484 |
| Contract assets - net (Note 3) | 20,186 | 29,489 |
| Inventories - net (Note 6) | 73,877 | 73,111 |
| Other current assets | 9,538 | 8,711 |
| Total current assets | 173,454 | 167,355 |
| Property, plant, and equipment - net | 75,732 | 75,579 |
| Operating lease right-of-use assets - net | 12,604 | 14,905 |
| Other assets: | ||
| Goodwill (Note 4) | 32,880 | 32,587 |
| Other intangibles - net (Note 4) | 16,020 | 19,010 |
| Deferred tax assets (Note 9) | 30,045 | — |
| Other assets | 3,809 | 2,965 |
| TOTAL ASSETS | $344,544 | $312,401 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $40,008 | $39,500 |
| Deferred revenue (Note 3) | 9,720 | 12,479 |
| Accrued payroll and employee benefits | 11,243 | 16,978 |
| Current portion of accrued settlement (Note 13) | 4,000 | 8,000 |
| Current maturities of long-term debt (Note 7) | 167 | 102 |
| Other accrued liabilities | 11,251 | 17,442 |
| Total current liabilities | 76,389 | 94,501 |
| Long-term debt (Note 7) | 68,377 | 55,171 |
| Deferred tax liabilities (Note 9) | 1,134 | 1,232 |
| Long-term operating lease liabilities | 9,923 | 11,865 |
| Other long-term liabilities | 6,285 | 6,797 |
| Stockholders’ equity: | ||
| Common stock, par value $0.01, authorized 20,000,000 shares; shares issued at September 30, 2024 and December 31, 2023, 11,115,779; shares outstanding at September 30, 2024 and December 31, 2023, 10,657,554 and 10,733,935, respectively | 111 | 111 |
| Paid-in capital | 43,385 | 43,111 |
| Retained earnings | 167,821 | 124,633 |
| Treasury stock - at cost, 458,225 and 381,844 common stock shares at September 30, 2024 and December 31, 2023, respectively | (8,994) | (6,494) |
| Accumulated other comprehensive loss | (20,472) | (19,250) |
| Total L.B. Foster Company stockholders’ equity | 181,851 | 142,111 |
| Noncontrolling interest | 585 | 724 |
| Total stockholders’ equity | 182,436 | 142,835 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $344,544 | $312,401 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.