L.b. Foster Company · NASDAQ:FSTR
L.b. Foster — Q1 2019 Earnings Presentation
18 slides from L.b. Foster's earnings presentation, May 9, 2019
Slide 1: Q1 2019 Earnings Presentation
Q1 2019 Earnings Presentation May 9, 2019
Slide 2: Safe Harbor Statement
L.B. Foster Company (FSTR) Safe Harbor Statement Q1 2019 Earnings Presentation Webcast May 9, 2019 This presentation and oral statements regarding the subject matter may contain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. We
Slide 3: Non-GAAP Financial Measures
L.B. Foster Company (FSTR) Non-GAAP Financial Measures Q1 2019 Earnings Presentation Webcast May 9, 2019 This earnings presentation discloses the following non-GAAP measures: • Earnings before interest, taxes, depreciation, and amortization (“EBITDA”) Management believes that EBITDA is useful to inv
Slide 4: Financial Overview
Financial Overview LBFoster LBFoster
Slide 5: Executive Summary
L.B. Foster Company (FSTR) Executive Summary Q1 2019 Earnings Presentation Webcast May 9, 2019 • Focus on profitability restoration resulted in year over year gross profit and net income growth • Diluted earnings per share increased by $0.53 over the prior year quarter • First quarter 2019 sales inc
Slide 6: Financial Highlights
L.B. Foster Company (FSTR) Financial Highlights Q1 2019 Earnings Presentation Webcast May 9, 2019 Metrics Q1 2019 Q1 2018 Variance Sales $150.5 million $122.5 million $28.0 million, 22.9% Gross Profit $29.2 million $22.2 million $7.0 million, 31.4% Gross Profit Margin 19.4% 18.1% 130 bps Earnings (L
Slide 7: New Order Summary - First Quarter
L.B. Foster Company (FSTR) New Order Summary - First Quarter Q1 2019 Earnings Presentation Webcast May 9, 2019 New Orders Entered Delta ($ in millions) Three Months Ended Three Months Ended $ % March 31, 2019 March 31, 2018 Rail Products and Services $ 98.5 $ 96.0 $ 2.5 2.6 % Construction Products 4
Slide 8: Backlog Summary
L.B. Foster Company (FSTR) Backlog Summary Q1 2019 Earnings Presentation Webcast May 9, 2019 Backlog ($ in millions) March 31, December 31, March 31, 2019 2018 2018 Rail Products and Services $ 121.5 $ 97.4 $ 104.9 Construction Products 101.0 95.4 85.7 Tubular and Energy Services 27.6 27.6 29.7 Tota
Slide 9: Business Review
Business Review LBFoster LBFoster
Slide 10: Rail Products and Services
L.B. Foster Company (FSTR) Rail Products and Services Q1 2019 Earnings Presentation Webcast May 9, 2019 Q1 2019 Results Sales • Sales increased from both our Rail Products and Rail Technologies business units • New rail products were the primary driver of the sales increase • Global transit projects
Slide 11: Construction Products
L.B. Foster Company (FSTR) Construction Products Q1 2019 Earnings Presentation Webcast May 9, 2019 Q1 2019 Results • Sales increased in each division within the segment Sales • Piling was favorably impacted by activity on a significant 2018 order and Fabricated Bridge increased demand from its steel
Slide 12: Tubular and Energy Services
L.B. Foster Company (FSTR) Tubular and Energy Services Q1 2019 Earnings Presentation Webcast May 9, 2019 Q1 2019 Results • Sales increased by 19.3% over the prior year quarter Sales • The sales increase was primarily driven by Protective Coatings and Measurement Systems • Gross profit increased by 5
Slide 13: Appendix
Appendix LBFoster LBFoster
Slide 14: Consolidated Income Statement - First Quarter
L.B. Foster Company (FSTR) Consolidated Income Statement - First Quarter Q1 2019 Earnings Presentation Webcast May 9, 2019 Three Months Ended Three Months Ended Delta March 31, 2019 March 31, 2018 ($ in millions, except per share) $ % of Sales $ % of Sales $ % Sales $ 150.5 — $ 122.5 — $ 28.0 22.9 %
Slide 15: Segment Results
L.B. Foster Company (FSTR) Segment Results Q1 2019 Earnings Presentation Webcast May 9, 2019 Three Months Ended Three Months Ended Delta March 31, 2019 March 31, 2018 Sales ($ in millions) $ % of Total $ % of Total $ % Rail Products and Services $ 75.7 50.3 % $ 62.2 50.8 % $ 13.5 21.8 % Construction
Slide 16: Balance Sheet
L.B. Foster Company (FSTR) Balance Sheet Q1 2019 Earnings Presentation Webcast May 9, 2019 ($ in millions) March 31, 2019 December 31, 2018 ASSETS (audited) Current assets: Cash and cash equivalents $ 9.0 $ 10.3 Accounts receivable – net 99.5 86.1 Inventories – net 142.7 124.5 Other current assets 7
Slide 17: Cash Flows
L.B. Foster Company (FSTR) Cash Flows Q1 2019 Earnings Presentation Webcast May 9, 2019 ($ in millions) Three Months Ended Three Months Ended March 31, 2019 March 31, 2018 Net income (loss) and non-cash items $ 8.8 $ 2.7 Receivables (13.2) — Inventory (17.5) (3.0) Payables and deferred revenue 20.2
Slide 18: Non-GAAP Financial Measures: EBITDA
L.B. Foster Company (FSTR) Non-GAAP Financial Measures: EBITDA Q1 2019 Earnings Presentation Webcast May 9, 2019 Three Months Ended ($ in millions) March 31, March 31, 2019 2018 Net income (loss), as reported $ 3.7 $ (1.9) Interest expense, net 1.4 1.9 Income tax expense 0.6 0.5 Depreciation 2.8 2.9