Previous close | 24.31 |
Open | 25.24 |
Bid | 27.14 x 200 |
Ask | 27.53 x 100 |
Day's range | 24.70 - 27.61 |
52-week range | 10.41 - 27.93 |
Volume | |
Avg. volume | 42,844 |
Market cap | 298.104M |
Beta (5Y monthly) | 0.76 |
PE ratio (TTM) | 209.00 |
EPS (TTM) | 0.13 |
Earnings date | 06 Aug 2024 - 12 Aug 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 07 Sept 2016 |
1y target est | 24.17 |
Robust Sales and Profitability Expansion Highlight First Quarter Performance
L.B. Foster (FSTR) delivered earnings and revenue surprises of 150% and 12.67%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
First quarter net sales of $124.3 million up 7.6% year over year (up 16.9% organically1); gross profit of $26.2 million up 12.7% year over year with gross margins expanding 90 basis points ("bps") to 21.1%.First quarter net income of $4.4 million favorable $6.6 million year over year; first quarter adjusted EBITDA1 of $5.9 million up 32.4% year over year.Net debt1 of $74.9 million down $2.5 million and Gross Leverage Ratio1 of 2.2x down 0.2x versus last year's comparable quarter end. Net debt at