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Mar 31, 2024
Foster Q1 2024 Earnings Report
L.B. Foster experienced sales and profitability growth, driving continuing momentum.
Key Takeaways
L.B. Foster Company reported a strong start to 2024 with a 7.6% increase in net sales and a significant rise in net income to $4.4 million. The company reaffirmed its full-year 2024 financial guidance, expecting net sales between $525.0 million and $560.0 million.
Net sales increased by 7.6% year-over-year, driven by organic growth.
Net income was $4.4 million, a favorable increase of $6.6 million year-over-year.
Adjusted EBITDA increased by 32.4% year-over-year.
The company reaffirmed its full year 2024 financial guidance.
Foster
Foster
Foster Revenue by Segment
Revenue by Segment
Rail, Technologies, and Services Revenue
CapyFin.comInfrastructure Solutions Revenue
CapyFin.com Forward Guidance
The company reaffirmed its full-year 2024 financial guidance.
Positive Outlook
- Net sales are expected to range from $525.0 million to $560.0 million.
- Adjusted EBITDA is expected to range from $34.0 million to $39.0 million.
- Free cash flow is expected to range from $12.0 million to $18.0 million.
- Capital spending as a percent of sales is expected to range from 2.0% to 2.5%.
- Order rates began to show signs of recovery in the quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income