L.B. Foster (FSTR) Reports Q3 Loss of $0.04
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L.B. Foster Reports Third Quarter Operating Results
November 7, 2016 4:01 PM ESTPITTSBURGH, Nov. 07, 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 third quarter 2016 operating results which include:
A sales decrease of 34.9% from the prior year quarter to $114.6 million.Gross profit margin of 17.3% compared to 20.5% in the prior year.An additional non-cash impairment charge of $6.9 million ($5.9 million net of tax or $0.58 per share) resulting from the finalization of the June 1, 2016 asset impairment analysis related to the... More