TribLIVE

| Business


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

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

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.

 

 
 


Show commenting policy

Most-Read Stories

  1. Steelers notebook: Tomlin bringing officials to practice
  2. Penguins notebook: Malkin picture muddy
  3. Dallas hospital officials confirm 1st Ebola case diagnosed in U.S.
  4. Safety worries prompt PennDOT to order nighttime closures on Parkway West
  5. Steelers film session: Harrison on the field often
  6. Pittsburgh rallies for second year of Pirates magic
  7. Police find pipe bombs in woods during manhunt for suspect in trooper ambush
  8. Public station WQED cutting staff in face of financial woes
  9. Flash!: Art on Fire; The Gatsby Gala
  10. Somerset man accused of taking son, 3, along on burglary
  11. Chief says Youngwood house fire is suspicious
Subscribe today! Click here for our subscription offers.