L.B. Foster Reports Fourth Quarter and Full Year 2018 Operating Results
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L.B. Foster (FSTR) Reports Q4 EPS of $0.21
March 18, 2019 7:45 AM EDTL.B. Foster (NASDAQ: FSTR) reported Q4 EPS of $0.21, versus $0.01 reported last year. Revenue for the quarter came in at $123.9 million, versus $113.4 million reported last year.
Net loss of $41.2 million, or $3.97 loss per diluted share, reflecting the settlement of the concrete tie warranty claim with Union Pacific Railroad (UPRR), as discussed below.Adjusted net income1 of $2.2 million, or $0.21 income per adjusted diluted share1, excluding the effect of the UPRR settlement.Results include $43.4 million expense recognized as a result of the settlement of the concrete tie warranty claim with... More