NASDAQ$FSTR
Foster (Lb) Co-A · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported third quarter operating results with increased net sales and backlog.
L.B. Foster reported a 9.9% increase in net sales compared to the third quarter of 2020, driven by strength in rail, precast concrete products, and fabricated steel business lines. The company's backlog increased by 9.8% and new orders increased by 18.5%, both adjusted for the divestiture of the Piling business.
- Net sales increased by 9.9% compared to the third quarter of 2020.
- Gross profit increased slightly by 1.0% year-over-year.
- Net income from continuing operations decreased by $1.35 per diluted share compared to the prior year quarter.
- Backlog increased by 9.8% compared to the prior year quarter, adjusted for the divestiture of the Piling business.
Headline financials
Revenue & EPS history
Foster · Revenue · Quarterly
$130M
Revenue by segment
Foster · $16.2M total across 1 segment · Q2 2021
- Infrastructure Solutions$16.2M—100.0%
Forward guidance
The Company expects to benefit from infrastructure investment activity and has the capability to execute on organic and acquisitive growth opportunities in 2022 and beyond.
Tailwinds
- Order activity continues to strengthen, particularly in the Rail segment.
- Optimistic outlook regarding longer-term trends in the North American transit and freight markets.
- Businesses will continue to directly benefit from infrastructure investment activity, particularly if a U.S. Federal infrastructure bill is passed.
- Significant capability to execute on organic and acquisitive growth opportunities in 2022 and beyond.
- Additional flexibility and capacity resulting from its recently amended credit agreement.
Headwinds
- Global ridership levels remain depressed relative to pre-pandemic levels, which is expected to continue to adversely impact friction management consumable sales.
- The Coatings and Measurement business line is expected to remain weak.
- Lack of investment in energy infrastructure continues to persist.
- The present inflationary environment is expected to continue to pressure margins.
- Disruptions in raw materials, labor, supply chains, service partner resources, as well as lingering covid-related effects.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
-2.6%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+1.5%
Avg return
30 days after
36%
23 / 64 earnings
Positive
+25.8%
Q1 2017
Best reaction
-36.2%
Q1 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +19.1% | +37.8% | +35.0% | |
| Q4 2025 | -8.3% | -10.1% | -13.0% | |
| Q3 2025 | -0.5% | -1.1% | -0.3% | |
| Q1 2025 | -3.8% | -11.7% | -6.9% | |
| Q4 2024 | -12.3% | -19.4% | -28.0% | |
| Q3 2024 | +2.4% | +10.1% | +36.5% | |
| Q2 2024 | -21.9% | -11.5% | -8.1% | |
| Q1 2024 | +10.4% | +22.3% | +7.0% | |
| Q4 2023 | -7.0% | -4.0% | +9.9% | |
| Q3 2023 | -6.6% | -5.3% | -7.9% | |
| Q2 2023 | +10.2% | +20.8% | +26.2% | |
| Q1 2023 | -1.4% | -2.5% | +29.6% | |
| Q4 2022 | +0.2% | -1.3% | -6.2% | |
| Q3 2022 | +3.2% | +12.9% | -18.5% | |
| Q2 2022 | -4.3% | -3.7% | -24.1% | |
| Q1 2022 | -4.0% | -5.1% | +2.2% | |
| Q4 2021 | -5.7% | -2.2% | -2.2% | |
| Q3 2021 | -0.7% | -0.2% | -7.8% | |
| Q2 2021 | -0.8% | -0.8% | -7.2% | |
| Q1 2021 | +0.9% | +4.0% | +13.4% | |
| Q4 2020 | +1.1% | +4.5% | +5.4% | |
| Q3 2020 | -1.8% | +2.8% | +7.5% | |
| Q2 2020 | +0.3% | +3.3% | -2.8% | |
| Q1 2020 | -10.7% | -9.6% | +9.8% | |
| Q4 2019 | -6.6% | -7.7% | -34.1% | |
| Q3 2019 | -9.2% | -8.8% | -6.0% | |
| Q2 2019 | -7.0% | -7.8% | -22.9% | |
| Q1 2019 | +16.5% | +15.9% | +11.4% | |
| Q4 2018 | -3.1% | -0.6% | +26.0% | |
| Q3 2018 | +10.3% | +15.4% | +6.4% | |
| Q2 2018 | +13.9% | +11.6% | +4.1% | |
| Q1 2018 | -2.5% | -7.4% | -1.5% | |
| Q4 2017 | -8.6% | -12.1% | -17.7% | |
| Q3 2017 | -10.5% | -9.3% | -7.1% | |
| Q2 2017 | +7.1% | +9.7% | +8.6% | |
| Q1 2017 | +25.8% | +19.4% | +29.7% | |
| Q4 2016 | -0.2% | -4.8% | -13.5% | |
| Q3 2016 | -23.2% | -12.2% | +21.3% | |
| Q2 2016 | -17.9% | -16.1% | +5.3% | |
| Q1 2016 | -36.2% | — | — | |
| Q4 2015 | +13.0% | — | — | |
| Q3 2015 | -28.8% | — | — | |
| Q2 2015 | -28.3% | — | — | |
| Q1 2015 | +0.2% | — | — | |
| Q4 2014 | -20.5% | — | — | |
| Q3 2014 | -1.8% | — | — | |
| Q2 2014 | +5.4% | — | — | |
| Q1 2014 | -1.1% | — | — | |
| Q4 2013 | +5.3% | — | — | |
| Q3 2013 | -2.2% | — | — | |
| Q2 2013 | -6.0% | — | — | |
| Q1 2013 | +3.1% | — | — | |
| Q4 2012 | -4.5% | — | — | |
| Q3 2012 | +11.3% | — | — | |
| Q2 2012 | +9.0% | — | — | |
| Q1 2011 | +2.7% | — | — | |
| Q1 2012 | +2.7% | — | — | |
| Q4 2011 | -1.6% | — | — | |
| Q4 2009 | -1.6% | — | — | |
| Q3 2010 | -4.4% | — | — | |
| Q3 2011 | -4.4% | — | — | |
| Q2 2011 | -6.6% | — | — | |
| Q2 2010 | -6.6% | — | — | |
| Q4 2010 | -6.6% | — | — |
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