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$42.04+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(In thousands, except per share data)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Sales of goods | $119,322 | $131,065 | $346,202 | $361,770 |
| Sales of services | 18,144 | 14,280 | 56,380 | 47,097 |
| Total net sales | 137,466 | 145,345 | 402,582 | 408,867 |
| Cost of goods sold | 89,286 | 103,868 | 264,543 | 282,627 |
| Cost of services sold | 15,422 | 14,060 | 48,592 | 42,905 |
| Total cost of sales | 104,708 | 117,928 | 313,135 | 325,532 |
| Gross profit | 32,758 | 27,417 | 89,447 | 83,335 |
| Selling and administrative expenses | 24,289 | 24,421 | 71,977 | 70,360 |
| (Gain) on sale of former joint venture facility | — | — | (3,477) | — |
| Amortization expense | 1,146 | 1,379 | 3,486 | 4,119 |
| Operating income | 7,323 | 1,617 | 17,461 | 8,856 |
| Interest expense - net | 1,358 | 1,442 | 3,976 | 4,404 |
| Other (income) expense - net | (188) | (151) | (525) | 2,782 |
| Income before income taxes | 6,153 | 326 | 14,010 | 1,670 |
| Income tax benefit | (29,745) | (121) | (29,110) | (99) |
| Net income | 35,898 | 447 | 43,120 | 1,769 |
| Net loss attributable to noncontrolling interest | (7) | (68) | (68) | (125) |
| Net income attributable to L.B. Foster Company | $35,905 | $515 | $43,188 | $1,894 |
| Per share data attributable to L.B. Foster shareholders: | ||||
| Basic earnings per common share | $3.35 | $0.05 | $4.01 | $0.18 |
| Diluted earnings per common share | $3.27 | $0.05 | $3.91 | $0.17 |
| Basic weighted average shares outstanding | 10,718 | 10,813 | 10,757 | 10,804 |
| Diluted weighted average shares outstanding | 10,992 | 10,973 | 11,059 | 10,895 |
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