L.B. Foster: Fourth Quarter Financial Overview

L.B. Foster Reports Fourth-Quarter Financial Results

L.B. Foster Co., headquartered in Pittsburgh, announced a net profit of $2.4 million for the fourth quarter.

Earnings translated to 22 cents per share for the period.

These earnings fell short of analyst projections, as a consensus of three analysts polled by Zacks Investment Research had anticipated earnings of 66 cents per share.

The company, which specializes in manufacturing railroad tracks, generated $160.4 million in revenue during the quarter, surpassing analyst expectations of $157.9 million.

For the full year, L.B. Foster reported a total profit of $7.5 million, or 69 cents per share, with annual revenue reaching $540 million.

Looking ahead, the company forecasts its revenue for the upcoming year to be between $540 million and $580 million.

This article was produced by Automated Insights using information from Zacks Investment Research.