L.B. Foster Reports Second Quarter Operating Results
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L.B. Foster (FSTR) Misses Q2 EPS Views; Issues Light FY15 Outlook
August 4, 2015 8:02 AM EDTL.B. Foster (NASDAQ: FSTR) reported Q2 EPS of $0.52, $0.45 worse than the analyst estimate of $0.97. Revenue for the quarter came in at $171.4 million versus the consensus estimate of $209.32 million.
Robert P. Bauer, L.B. Foster Companys President and Chief Executive Officer, commented, Our results for the quarter reflect the significant acquisition activity the company has engaged in during the fourth quarter of 2014 and first quarter of 2015, including the impact from interest, amortization, transaction and integration costs associated with recently closing three significant acquisitions. In addition, our legacy businesses delivered mixed results with some... More
