Business
L.B. Foster Company Ends 2024 with Continuing Profitability Growth and Strong Cash Flow; Approves New, 3-Year $40 million Stock Repurchase Plan
Fourth quarter and full year 2024 gross margins improved 100 and 160 basis points while net sales were down 5.0% and 2.4%, respectively, highlighting improved portfolio profitability year over year.Fourth quarter net loss of $0.3 million was favorable $0.2 million versus last year; adjusted EBITDA1 of $7.2 million was favorable $1.1 million, or 18.7%, over the prior year quarter.Full year 2024 cash flow from operations was $22.6 million, with $24.3 million generated in the fourth quarter; Total
About this update from L.b. Foster Company
[{"type":"image","alt":"L.B. Foster Company","displaySize":"","headline":null,"caption":"L.B. Foster Company","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":141,"url":"https://media.zenfs.com/en/globenewswire.com/adbcd1fd780ae3350adf32f5c5439fe8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/VUDtBujJTjClqF5nNQVGJg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE5NztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/adbcd1fd780ae3350adf32f5c5439fe8","width":300,"height":141}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"Fourth quarter and full year 2024 gross margins improved 100 and 160 basis points while net sales were down 5.0% and 2.4%, respectively, highlighting improved portfolio profitability year over year.","length":198,"tagName":"p"}]},{"val":[{"type":"text","content":"Fourth quarter net loss of $0.3 million was favorable $0.2 million versus last year; adjusted EBITDA1 of $7.2 million was favorable $1.1 million, or 18.7%, over the prior year quarter.","length":184,"tagName":"p"}]},{"val":[{"type":"text","content":"Full year 2024 cash flow from operations was $22.6 million, with $24.3 million generated in the fourth quarter; Total debt declined $21.6 million during the quarter to $46.9 million; Gross Leverage Ratio1 of 1.2x decreased 0.7x during the quarter and 0.5x compared to last year.","length":278,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company's Board of Directors authorized a new, 3-year $40 million stock repurchase program.","length":99,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company announced full year financial guidance for 2025 with net sales expected to range from $540 million to $580 million and adjusted EBITDA expected to range from $42 million to $48 million; free cash flow1 is expected to range between $20 million and $30 million, with capital expenditures expected to represent approximately 2.0% of sales.","length":348,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1107,"olType":false},{"type":"text","content":"PITTSBURGH, March 04, 2025 (GLOBE NEWSWIRE) -- L.B. Foster Company (Nasdaq: FSTR), a global technology solutions provider of products and services for rail and infrastructure markets (the "Company"), reported fourth quarter and 2024 results2.","length":252,"tagName":"p"},{"type":"text","content":"CEO Co...