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Latest L.B. Foster Company Stories

2010-09-28 10:32:00

PITTSBURGH, Sept. 28 /PRNewswire/ -- L.B. Foster Company (Nasdaq: FSTR) of Pittsburgh, PA is providing new roadway decking and bridge railing for the Brooklyn and Manhattan approach ramps to the famed Brooklyn Bridge. The $10 million contract will include more than 170,000 square feet of steel grid deck and 13,000 linear feet of steel railing. These fabricated materials are being manufactured at L.B. Foster's Bedford, PA facility and expect to complete shipments by the end of 2011. The...

2010-08-30 19:00:00

PITTSBURGH, Aug. 30 /PRNewswire-FirstCall/ -- L.B. Foster Company ("L.B. Foster", Nasdaq: FSTR) and Portec Rail Products, Inc. ("Portec", Nasdaq: PRPX) today announced that they have executed a second amendment (the "Second Amendment") to the Agreement and Plan of Merger dated February 16, 2010 ("Merger Agreement"), which was initially amended on May 13, 2010. Pursuant to the Second Amendment, L.B. Foster and Portec agreed to extend the "drop dead" date of the Merger Agreement from August...

2010-08-13 13:23:00

PITTSBURGH, Aug. 13 /PRNewswire-FirstCall/ -- CXT, Inc., a wholly owned subsidiary of L.B. Foster Company (Nasdaq: FSTR) of Pittsburgh, PA has been awarded a contract by City of Calgary Light Rail Transit (LRT) to supply 14,500 CXT Concrete Ties and fastening systems for use in the construction of line extensions to expand the system to the Northwest and Northeast of Calgary, Alberta. CXT Concrete Ties began shipping for this project in June from L.B. Foster's Spokane, WA facility and will...

2010-08-05 09:26:00

PITTSBURGH, Aug. 5 /PRNewswire-FirstCall/ -- L.B. Foster Company (Nasdaq: FSTR) of Pittsburgh, PA was awarded a $5.3 million contract by the Northern New England Passenger Rail Authority (NNEPRA) to supply 5,561 tons of rail for the Downeaster-Portland North Project. NNEPRA is using a $35 million grant from the American Recovery and Reinvestment Act to help fund the project's 26.4 mile track rehabilitation and expansion between Portland and Brunswick, Maine. The new Downeaster line will...

2010-07-27 07:02:00

PITTSBURGH, July 27 /PRNewswire-FirstCall/ -- L.B. Foster Company (Nasdaq: FSTR), a leading manufacturer, fabricator, and distributor of products and services for rail, construction, energy and utility markets, today reported net income increased by 125.8% to $6.0 million or $0.58 per diluted share in the second quarter of 2010, compared to $2.7 million or $0.26 per diluted share in the second quarter of 2009. 2010 Second Quarter Results Second quarter 2010 net sales increased 20.3% to...

2010-07-21 15:19:00

PITTSBURGH, July 21 /PRNewswire-FirstCall/ -- L.B. Foster Company (Nasdaq: FSTR) today announced that it will broadcast a conference call to discuss its second quarter 2010 operating results on Tuesday, July 27, 2010 at 11:00 am Eastern Time. The Company plans to release its results that same day before the market opens. The call will be hosted by Mr. Stan Hasselbusch, President and Chief Executive Officer. You are invited to listen to our presentation live over the internet by...

2010-07-13 10:01:00

PITTSBURGH, July 13 /PRNewswire-FirstCall/ -- Pittsburgh, PA-based L.B. Foster Company (Nasdaq: FSTR) has been awarded a $4.7 million contract to provide PZC sheet piling to Balfour Beatty Infrastructure of Fairfield, CA for use in phase II of the construction of the Red Bluff Fish Passage Improvement Project. PZC 28 sections will form a permanent structure within the U.S. Bureau of Reclamation's Red Bluff Diversion Dam complex on the Sacramento River. Balfour Beatty is building a 1,118...

2010-06-28 16:06:00

PITTSBURGH, June 28 /PRNewswire-FirstCall/ -- On February 16, 2010, L.B. Foster Company ("L.B. Foster", Nasdaq: FSTR) and its wholly owned subsidiary, Foster Thomas Company, entered into an Agreement and Plan of Merger with Portec Rail Products, Inc. ("Portec", Nasdaq: PRPX). Pursuant to the merger agreement, L.B. Foster, through its subsidiary, commenced a tender offer for all of Portec's common stock at a price of $11.71 per share. The tender offer currently is set to expire on July 30,...

2010-05-13 13:26:00

PITTSBURGH, May 13 /PRNewswire-FirstCall/ -- L.B. Foster Company ("L.B. Foster", Nasdaq: FSTR) and Portec Rail Products, Inc. ("Portec", Nasdaq: PRPX) today announced that both companies have entered into a timing agreement with the Antitrust Division of the Department of Justice (the "Antitrust Division") pursuant to which L.B. Foster and Portec have agreed, subject to certain conditions, that they will not consummate L.B. Foster's acquisition of Portec before July 16, 2010, without the...

2010-04-22 08:21:00

PITTSBURGH, April 22 /PRNewswire-FirstCall/ -- L.B. Foster Company (Nasdaq: FSTR), a leading manufacturer, fabricator, and distributor of products and services for rail, construction, energy and utility markets, today reported net income of $1.8 million or $0.17 per diluted share in the first quarter of 2010, compared to $3.0 million or $0.29 per diluted share in the first quarter of 2009. 2010 First Quarter Results First quarter 2010 net sales decreased 19.3% to $82.0 million compared to...


Word of the Day
cruet
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.
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