L.B. Foster (FSTR) delivered earnings and revenue surprises of 38.46% and 3.53%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
PITTSBURGH, Aug. 09, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (Nasdaq: FSTR), a global solutions provider of products and services for the rail and infrastructure markets (the "Company"), today reported its 2022 second quarter operating results, which included the following performance highlights. The Company divested its Piling Products division ("Piling") in September 2021, and this release reflects certain adjustments related to Piling, as appropriate. In addition, the Company completed t
PITTSBURGH, Aug. 05, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (Nasdaq: FSTR “Company”), a global solutions provider of products and services for the rail and infrastructure markets, today announced the sale of its rail spikes and anchors track components business located in St-Jean-sur-Richelieu, Quebec, Canada (the “Business”) to Gerdau Ameristeel Corporation located in Whitby, Ontario, Canada (“Gerdau”). Cash proceeds from the transaction are expected to total approximately CAD 10.2 millio