Latest L.B. Foster Company Stories
PITTSBURGH, March 22 /PRNewswire-FirstCall/ -- L.B. Foster Company ("L.B. Foster", Nasdaq: FSTR) and Portec Rail Products, Inc. ("Portec", Nasdaq: PRPX) announced that they have each received a formal second request for additional information and documentary material from the Antitrust Division of the Department of Justice regarding the Agreement and Plan of Merger dated February 16, 2010 ("Merger Agreement") pursuant to which L.B. Foster proposed to acquire Portec through a tender offer...
PITTSBURGH, Feb. 17 /PRNewswire-FirstCall/ -- L. B. Foster Company ("L. B. Foster", Nasdaq: FSTR) and Portec Rail Products, Inc. ("Portec", Nasdaq: PRPX) , both headquartered in Pittsburgh, PA, today jointly announced the signing of an Agreement and Plan of Merger ("Merger Agreement"), under which L. B. Foster will make, through its wholly owned acquisition subsidiary, a cash tender offer to acquire all of Portec's outstanding shares of common stock for $11.71 per share. "The proposed...
PITTSBURGH, Feb. 12 /PRNewswire-FirstCall/ -- L.B. Foster Company (Nasdaq: FSTR), headquartered in Pittsburgh, PA, is providing steel sheet piling for improvements to the Ports of Indiana-Burns Harbor. The Port has awarded a $3.7 million contract to L.B. Foster for PZC 26, PZC 18, PZ 40 and PS 31 sheet piling for use in new dock wall construction in the West Harbor area. The Harbor is located 30 miles east of Chicago, enabling shippers to transport products by truck, rail, barge, ship or...
PITTSBURGH, Jan. 29 /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 $3.9 million or $0.38 per diluted share in the fourth quarter of 2009, compared to net income of $5.7 million or $0.55 per diluted share in the fourth quarter of 2008. 2009 Fourth Quarter Results Fourth quarter 2009 net sales decreased 31.8% to $98.0...
SPOKANE, Wash., Jan. 28 /PRNewswire-FirstCall/ -- CXT, Inc., a wholly owned subsidiary of L.B. Foster Company (Nasdaq: FSTR), has been awarded a contract by West Rail Construction to supply 23,000 concrete rail ties for the unloading system at EGT's Columbia River Grain Terminal. CXT plans to start shipment of ties from its Spokane manufacturing plant to the new Longview, WA riverside facility in February 2010. CXT Concrete Ties will support a high capacity rail unloading system capable of...
PITTSBURGH, Jan. 25 /PRNewswire-FirstCall/ -- L.B. Foster Company (Nasdaq: FSTR) today announced that it will broadcast a conference call to discuss its fourth quarter 2009 operating results on Friday, January 29, 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...
PITTSBURGH, Jan. 21 /PRNewswire-FirstCall/ -- L.B. Foster Company (Nasdaq: FSTR) of Pittsburgh, PA is supplying the City of New York Department of Transportation with 10,000 sq. ft. of steel grid decking to replace the aging roadway of the Greenpoint Avenue Bridge over Newtown Creek. L.B. Foster will also provide 2,500 sq. ft. of 7 ft. wide decking for the drawbridge's sidewalks. The decking will be manufactured at L.B. Foster's Fabricated Bridge Products facility in Bedford, PA and...
PITTSBURGH, Nov. 5 /PRNewswire-FirstCall/ -- L.B. Foster Company (Nasdaq: FSTR) of Pittsburgh, PA, has announced a newly formed joint venture between three partners, Kentucky-based Lally Pipe & Tube, L.B. Foster and industry veteran, Jim Legg. Together the three partners have formed LB Pipe & Coupling Products, LLC, to manufacture couplings and accessories for the water well, oil country tubular goods (OCTG) and American Petroleum Institute (API) markets. LB Pipe & Coupling...
PITTSBURGH, Oct. 28 /PRNewswire-FirstCall/ -- L.B. Foster Company (Nasdaq: FSTR) of Pittsburgh, PA announced that it has again been ranked on the Forbes Magazine list of America's 200 Best Small Companies of 2009. Forbes Magazine annually acknowledges the financial achievements of America's leading small companies. Selection to the list is based on 12 month and five year trends in sales, sales growth, earnings-per-share growth and return on equity. "Our list of the 200 Best Small Companies...
PITTSBURGH, Oct. 23 /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 that third quarter 2009 net sales decreased 36.5% to $92.4 million compared to $145.6 million in the prior year quarter. Gross profit margin was 19.2%, an increase of 360 basis points from the prior year quarter primarily as a result of a favorable LIFO credit...
