LB Foster Co. (FSTR) posted first-quarter net income of $4.9 million or $0.48 per share, compared to $3.3 million or $0.33 per share in the comparable quarter last year.
Income from continuing operations for the quarter rose to $4.9 million or $0.48 per share from $2.9 million or $0.29 per share in the prior year quarter. On average, three analysts polled by Thomson Reuters expected the company to earn $0.40 per share for the quarter. Analysts' estimates typically exclude special items.
Robert Bauer, L.B. Foster's President and Chief Executive, stated, "We kept expenses under control in the first quarter as we wanted to build confidence in the economy before further investing in certain programs. Going forward, we will continue to focus on our high priority growth opportunities and we expect to increase capital spending."
Meanwhile, net sales for the quarter were $129.32 million, up 5.2% from $114.29 million in the year-ago period, while two analysts expected revenue of $127.75 million for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.