NASDAQ$FSTR
Foster (Lb) Co-A · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
L.B. Foster's Q4 2020 results were impacted by the pandemic and weakness in the energy market, with sales and gross profit declining year-over-year.
L.B. Foster reported a decrease in net sales and gross profit for the fourth quarter of 2020, primarily due to the impact of the COVID-19 pandemic and weakness in the energy market. Net income from continuing operations was $2.3 million, or $0.21 per diluted share. New orders decreased by 23.4% from the prior year, but backlog increased by 8.4%.
- Net income from continuing operations decreased to $2.3 million, or $0.21 per diluted share.
- Net sales decreased by 18.2% to $115.6 million, with a significant portion of the decline from divisions serving midstream energy customers.
- New orders decreased by 23.4%, while backlog increased by 8.4%, driven by Rail and Infrastructure segments.
- Gross profit decreased by 23.1% to $21.7 million, with a gross profit margin of 18.8%.
Headline financials
Revenue & EPS history
Foster · Revenue · Quarterly
$116M
Revenue by segment
Foster · $80.1M total across 1 segment · Q4 2020
- Infrastructure Solutions$80.1M—100.0%
Forward guidance
The company anticipates continued disruption at least through the first half of 2021 as various restrictive measures have remained in effect in the major markets we serve. The Rail segment is anticipating further recovery in Rail Technologies, although continued pandemic-related lockdowns in the United Kingdom may hamper such recovery in the near term. Current project inquiries lead the Company to believe that the first half of 2021 will improve modestly from this level.
Tailwinds
- Rail Products bookings were strong in the fourth quarter of 2020, reflecting a $15.1 million increase over the third quarter of 2020.
- Projects associated with long-term planning have been moving forward.
- The Fabricated Steel Products division experienced substantial year-over-year increases in backlog of $22.3 million.
- The Precast Concrete Products division continues to benefit from new infrastructure projects, which is reflected in a year-over-year backlog increase of $7.0 million.
- Current project inquiries lead the Company to believe that the first half of 2021 will improve modestly from this level.
Headwinds
- The Company anticipates continued disruption at least through the first half of 2021 as various restrictive measures have remained in effect in the major markets we serve.
- Continued pandemic-related lockdowns in the United Kingdom may hamper such recovery in the near term.
- The Company is not expecting a notable improvement in the sales of consumable products until passenger and freight volumes improve.
- Offsetting these increases in the Infrastructure Solutions segment was the reduction in the Coatings and Measurement division's backlog, which fell by $27.6 million from December 31, 2019.
- This decline is primarily due to Coatings and Measurement's exposure to the midstream energy market, and the associated weakness in demand for oil in 2020.
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 Q4 2020
-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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