TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

L.B. Foster's profit rises 8% in 4Q

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

FSTR $42.76 -$1.94

at close on FRIDAY

Daily Photo Galleries

By Thomas Olson
Friday, Feb. 8, 2013, 12:02 p.m.
 

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.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. Penguins trade for Toronto’s Kessel; lose Martin, Comeau via free agency
  2. Pitt’s Boyd waives right to preliminary hearing
  3. Dragon boat competition canceled at Three Rivers Regatta
  4. Second Pa. friar commits suicide from order under investigation in sex abuse scandal
  5. Judge revokes bail for Plum High School teacher
  6. FBI searching for Homestead man indicted for sex trafficking in children
  7. Steelers submit application to host Super Bowl
  8. Hill District widow sues dialysis clinic for husband’s death
  9. Donora-Webster Bridge plunges into Mon River after 106 years
  10. Marinucci sentenced to life in prison with no parole
  11. Auction of Dick Scaife’s home decor brings $3.89 million