Larger text
Smaller text
L.B. Foster’s profit rises 8% in 4Q
Business Writer
Pittsburgh Tribune-Review
Contact Us | Video | RSS | Mobile
Daily Photo Galleries
By Thomas Olson
Published: Friday, February 8, 2013, 12:02 p.m.
Updated: Friday, February 8, 2013
L.B. Foster Co., Green Tree, said profit and sales in the fourth quarter increased and projected 2013 sales will grow a bit faster.
The manufacturer of products for the rail, energy and construction markets expects sales to rise 5 percent to 6.5 percent and expects to increase capital spending to “address opportunities for growth,” the company said.
Quarterly profit increased 8.2 percent to $6.7 million, or 65 cents a share, compared with $6.1 million, or 60 cents a share, a year earlier. Sales rose 5.2 percent to almost $141 million, compared with less than $134 million, because of significant gains in rail and tubular product sales, offset by lower sales in construction markets.
“The fourth quarter turned out to be a strong finish for the year,” said CEO Robert Bauer in a statement.
Most Popular Stories
- Penguins GM Shero: ‘Whole idea’ was improvement during playoffs
- Ribbon, wristband solemn reminders for Penguins coach Bylsma
- Key acquisitions have Penguins primed for run to Stanley Cup
- Robinson: Steelers rookie Wheaton could be impact receiver
- Veteran Clark envisions finishing career as a member of Steelers
- Penguins to face Bruins in Eastern Conference final
- Marijuana supporters rally at the Point
- Starkey: Pirates’ Huntington never looked so good
- Restaurant battles online reviews
- Veteran CEOs find success in comeback role
- Knoch volleyball star Sanks glad to end recruitment trail
You must be signed in to add comments
To comment, click the Sign in or sign up at the very top of this page.
Subscribe today! Click here for our subscription offers.
