TribLIVE

| Business


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

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

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

FSTR $42.76 -$1.94

at close on FRIDAY

Daily Photo Galleries


By Thomas Olson

Published: 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.

 

 
 


Show commenting policy

Most-Read Stories

  1. RiverQuest short of money, looks for a partner
  2. Chocolate prices expected to soar as ingredients grow more expensive
  3. Pirates trade for Mets first baseman Davis
  4. ‘We Are FR’ fund going strong
  5. Orpik: Penguins must keep their cool
  6. Police say Latrobe woman bought gun for boyfriend, who shot neighbor
  7. Alvarez struggles as Pirates fall short against Brewers
  8. Penguins’ Bylsma wants Cup version of Letang
  9. Holtgraver holds on to win Lernerville opener
  10. Pastor’s childhood tale, scar key to Easter message
  11. Squeezed by competition, Chobani to expand offerings
Subscribe today! Click here for our subscription offers.