Brief: L.B. Foster Reports First Quarter Operating Results

L B Foster

03/05/2021 21:51

May 3 (Reuters) - L.B. Foster Co  FSTR.O :
    * L.B. FOSTER REPORTS FIRST QUARTER OPERATING RESULTS
    * Q1 LOSS PER SHARE $0.12 FROM CONTINUING OPERATIONS
    * Q1 SALES FELL 4.8 PERCENT TO $116.1 MILLION
    * Q1 NEW ORDERS WERE $135.6 MILLION, UP $4.8 MILLION, OR
3.7%
    * BACKLOG STOOD AT $271.9 MILLION AS OF MARCH 31, 2021, AN
INCREASE OF $23.7 MILLION FROM DECEMBER 31
    * EXPECTS ITS OVERALL RESULTS TO IMPROVE SEQUENTIALLY
    * COATINGS AND MEASUREMENT BUSINESS LINE IS EXPECTED TO
REMAIN
WEAK, AND STILL POSES A SIGNIFICANT CHALLENGE
    * Q2 SALES ARE EXPECTED TO INCREASE SEQUENTIALLY BY 20.0% OR
MORE

Source text for Eikon:  ID:nGNX1wsMQy 
Further company coverage:  FSTR.O 

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