L.B. Foster (FSTR) Misses Q2 EPS by 30c
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L.B. Foster Reports Second Quarter Operating Results
August 9, 2016 7:00 AM EDTPITTSBURGH, Aug. 09, 2016 (GLOBE NEWSWIRE) -- 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 its second quarter 2016 operating results which include:
A sales decrease of 20.7% from the prior year quarter to $136.0 million.Gross profit margin of 20.5% compared to 21.6% in the prior year.A $128.9 million ($90.9 million net of tax or $8.86 per share) non-cash impairment charge related to the write-down of goodwill, definitive lived intangible assets and property, plant and equipment at four of... More