Brief: L.B. Foster Says Approved Closure Of 3 Operating Locations Servicing United States, Niobrara, Bakken Oil & Gas Production Regions

L B Foster

04/05/2020 23:17

May 4 (Reuters) - L.B. Foster Co  FSTR.O :
    * L.B. FOSTER - ON APRIL 30, CO APPROVED CLOSURE OF 3
OPERATING
LOCATIONS SERVICING UNITED STATES, NIOBRARA, BAKKEN OIL & GAS
PRODUCTION REGIONS
    * L.B. FOSTER - CLOSURES ARE PERMANENT
    * L.B. FOSTER - DISCONTINUANCE OF MOBILE SERVICES FOR
PERMIAN
PRODUCTION REGION WITHIN TEST, INSPECTION, & THREADING SERVICES
BUSINESS UNIT
    * L.B. FOSTER CO - EXPECTS THE CLOSURE OF THESE OPERATIONS
TO BE
SUBSTANTIALLY COMPLETED DURING 2020
    * L.B. FOSTER - SEES TO INCUR CHARGES OF ABOUT $5.5 TO $7.0
MILLION IN TUBULAR, ENERGY SERVICES OPERATING SEGMENT DURING Q2,
REMAINDER OF 2020

Source text for Eikon: (https://bit.ly/2SAJuZv)
Further company coverage:  FSTR.O 

 ((Reuters.Briefs@thomsonreuters.com;))