Brief: L.B. Foster Reports Q3 EPS Of $0.29

L B Foster

29/10/2019 20:29

Oct 29 (Reuters) - L.B. Foster Co  FSTR.O :
    * L.B. FOSTER REPORTS THIRD QUARTER OPERATING RESULTS
    * Q3 EARNINGS PER SHARE $0.29
    * Q3 SALES FELL 7.7 PERCENT TO $154.3 MILLION
    * SEES Q4 2019 REVENUE $155 MILLION TO $170 MILLION
    * SEES FY REVENUE $660 MILLION TO $675 MILLION
    * L.B. FOSTER - DELAYS IN PROJECT-STARTS FOR TRANSPORTATION
PROJECTS, PARTICULARLY FROM TRANSIT RAIL CUSTOMERS IS ALSO
REFLECTED IN Q3 BOOKINGS DECLINE
    * ANTICIPATE Q4 EBITDA WILL EXCEED REPORTED Q3 EBITDA OF
$8.6
MILLION
    * L.B. FOSTER - "BACKLOG TYPICALLY DECLINES IN Q4, ALTHOUGH
THERE
ARE NUMBER OF LARGE PROJECTS THAT WE EXPECT TO SECURE IN QUARTER
THAT COULD REVERSE TREND"
    * WEAKNESS IS EXPECTED TO PERSIST IN ENERGY AND U.S. FREIGHT
RAIL
MARKETS IN Q4

Source text for Eikon:  ID:nGNX5Bb43Q 
Further company coverage:  FSTR.O 

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