L.B. Foster Company · NASDAQ:FSTR
L.B. Foster — Q3 2018 Earnings Presentation
22 slides from L.B. Foster's earnings presentation, Nov 1, 2018
Slide 1: Q3 2018 Earnings Presentation
Q3 2018 Earnings Presentation November 1, 2018
Slide 2: Safe Harbor Statement
L.B. Foster Company (FSTR) Safe Harbor Statement Q3 2018 Earnings Presentation Webcast November 1, 2018 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
Slide 3: Non-GAAP Financial Measures
L.B. Foster Company (FSTR) Non-GAAP Financial Measures Q3 2018 Earnings Presentation Webcast November 1, 2018 This earnings presentation discloses the following non-GAAP measures: • Earnings before interest, taxes, depreciation, and amortization (“EBITDA”); • Segment gross profit Management believes
Slide 4: Financial Overview
Financial Overview LBFoster LBFoster
Slide 5: Executive Summary
L.B. Foster Company (FSTR) Executive Summary Q3 2018 Earnings Presentation Webcast November 1, 2018 • Strong new orders and backlog activity continued in the third quarter, driven by rail market spending and civil construction activity ◦ New orders and backlog levels both significantly increased ove
Slide 6: Financial Highlights
L.B. Foster Company (FSTR) Financial Highlights Q3 2018 Earnings Presentation Webcast November 1, 2018 Metrics Q3 2018 Q3 2017 Variance Sales $167.1 million $131.5 million $35.6 million, 27.1% Gross Profit Margin 17.7% 20.1% (240) bps Earnings per Diluted $0.47 $0.31 $0.16 Share EBITDA1 $10.6 millio
Slide 7: Consolidated Income Statement - Third Quarter
L.B. Foster Company (FSTR) Consolidated Income Statement - Third Quarter Q3 2018 Earnings Presentation Webcast November 1, 2018 Three Months Ended Three Months Ended September 30, 2018 September 30, 2017 Delta ($ in millions, except per share) $ % of Sales $ % of Sales $ % Sales $ 167.1 — $ 131.5 —
Slide 8: Consolidated Income Statement - First Nine Months
L.B. Foster Company (FSTR) Consolidated Income Statement - First Nine Months Q3 2018 Earnings Presentation Webcast November 1, 2018 Nine Months Ended Nine Months Ended September 30, 2018 September 30, 2017 Delta ($ in millions, except per share) $ % of Sales $ % of Sales $ % Sales $ 462.4 — $ 395.1
Slide 9: Segment Results
L.B. Foster Company (FSTR) Segment Results Q3 2018 Earnings Presentation Webcast November 1, 2018 Three Months Ended Three Months Ended September 30, 2018 September 30, 2017 Delta Sales ($ in millions) $ % of Total $ % of Total $ % Rail Products and Services $ 84.5 50.6% $ 62.1 47.2% $ 22.4 36.1% Co
Slide 10: Balance Sheet
L.B. Foster Company (FSTR) Balance Sheet Q3 2018 Earnings Presentation Webcast November 1, 2018 ($ in millions) September 30, 2018 December 31, 2017 ASSETS (audited) Current assets: Cash and cash equivalents $ 9.6 $ 37.7 Accounts receivable – net 85.6 76.6 Inventories – net 107.2 97.5 Other current
Slide 11: Cash Flows
L.B. Foster Company (FSTR) Cash Flows Q3 2018 Earnings Presentation Webcast November 1, 2018 ($ in millions) Nine Months Ended Nine Months Ended September 30, 2018 September 30, 2017 Net income and non-cash items $ 23.4 $ 19.0 Receivables (10.6) (11.9) Inventory (10.5) (19.3) Payables and deferred r
Slide 12: New Order Summary - Third Quarter
L.B. Foster Company (FSTR) New Order Summary - Third Quarter Q3 2018 Earnings Presentation Webcast November 1, 2018 New Orders Entered Delta ($ in millions) Three Months Ended Three Months Ended September 30, 2018 September 30, 2017 $ % Rail Products and Services $ 66.3 $ 69.4 $ (3.1) (4.5)% Constru
Slide 13: New Order Summary - First Nine Months
L.B. Foster Company (FSTR) New Order Summary - First Nine Months Q3 2018 Earnings Presentation Webcast November 1, 2018 New Orders Entered Delta ($ in millions) Nine Months Ended Nine Months Ended September 30, 2018 September 30, 2017 $ % Rail Products and Services $ 278.9 $ 212.0 $ 66.9 31.6% Const
Slide 14: Backlog Summary
L.B. Foster Company (FSTR) Backlog Summary Q3 2018 Earnings Presentation Webcast November 1, 2018 Backlog ($ in millions) September 30, 2018 December 31, 2017 September 30, 2017 Rail Products and Services $ 108.8 $ 68.9 $ 85.8 Construction Products 117.7 71.3 74.9 Tubular and Energy Services 25.1 26
Slide 15: Business Review
Business Review LBFoster LBFoster
Slide 16: Rail Products and Services
L.B. Foster Company (FSTR) Rail Products and Services Q3 2018 Earnings Presentation Webcast November 1, 2018 Q3 2018 Results Commentary Market Outlook • Sales increased by 36.1% with increases in both North American and Q3 2018 Trends / Outlook European rail regions • Q3 2018 orders decreased from Q
Slide 17: Construction Products
L.B. Foster Company (FSTR) Construction Products Q3 2018 Earnings Presentation Webcast November 1, 2018 Q3 2018 Results Commentary Market Outlook • Sales increased $2.4 million, or 6.2%, as compared to the prior year Q3 2018 Trends / Outlook period • New orders for Construction Products increased 93
Slide 18: Tubular and Energy Services
L.B. Foster Company (FSTR) Tubular and Energy Services Q3 2018 Earnings Presentation Webcast November 1, 2018 Q3 2018 Results Commentary Market Outlook • Sales increased 35.5% with increases for all product categories within Q3 2018 Trends / Outlook the segment • New orders increased 19.0% compared
Slide 19: Appendix
Appendix LBFoster LBFoster
Slide 20: Non-GAAP Financial Measures: EBITDA
L.B. Foster Company (FSTR) Non-GAAP Financial Measures: EBITDA Q3 2018 Earnings Presentation Webcast November 1, 2018 Three Months Ended Nine Months Ended ($ in millions) September 30, September 30, September 30, September 30, 2018 2017 2018 2017 Net income as reported $ 5.0 $ 3.2 $ 7.9 $ 3.8 Intere
Slide 21: Non-GAAP Financial Measures: Segment Gross Profit
L.B. Foster Company (FSTR) Non-GAAP Financial Measures: Segment Gross Profit Q3 2018 Earnings Presentation Webcast November 1, 2018 Three Months Ended September 30, 2018 ($ in millions) Rail Products and Construction Tubular and Energy Services Products Services Total Segment profit $ 5.3 $ 1.6 $ 4.
Slide 22: Non-GAAP Financial Measures: Segment Gross Profit
L.B. Foster Company (FSTR) Non-GAAP Financial Measures: Segment Gross Profit Q3 2018 Earnings Presentation Webcast November 1, 2018 Nine Months Ended September 30, 2018 ($ in millions) Rail Products and Construction Tubular and Energy Services Products Services Total Segment profit $ 12.7 $ 4.5 $ 10