L.B. FOSTER Reports Q2 Fiscal Year 2023 Earnings Results
August 28, 2023
🌥️Earnings Overview
L.B. FOSTER ($NASDAQ:FSTR) reported its earnings for Q2 of the fiscal year 2023 on June 30, 2023, showing total revenue of USD 148.0 million, a 12.6% rise from the same quarter in the previous year. Net income saw an impressive 75.6% increase to USD 3.5 million.
Share Price
The stock opened at $14.9 and closed at $15.1, a 6.3% increase from its previous closing price of $14.2. This marks a positive return for investors and shareholders. This is a positive indicator for the company’s financial performance, showing that they are continuing to be profitable despite the economic challenges of the past year.
Looking ahead, L.B. FOSTER is optimistic about their future performance and expects to see continued growth in both sales and revenue moving forward. The company has also announced plans to expand their operations in the next fiscal year, which should further bolster their profits. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for L.b. Foster. More…
| Total Revenues | Net Income | Net Margin |
| 530.71 | -44.63 | -7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for L.b. Foster. More…
| Operations | Investing | Financing |
| -0.53 | -41.37 | 38.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for L.b. Foster. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 351.57 | 208.98 | 12.83 |
Key Ratios Snapshot
Some of the financial key ratios for L.b. Foster are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.8% | -18.1% | -0.5% |
| FCF Margin | ROE | ROA |
| -1.2% | -1.3% | -0.5% |
Analysis
As GoodWhale, we recently conducted an analysis of L.B. FOSTER‘s financials. Based on the Star Chart, we classified L.B. FOSTER as a ‘rhino’, which is a type of company that has achieved moderate revenue or earnings growth. These types of companies may be of interest to value investors who focus on cash flows and dividends, as well as growth investors who are looking for steady, but not necessarily rapid, growth. In terms of financials, L.B. FOSTER is strong in asset, medium in profitability and weak in dividend, growth. Additionally, our analysis revealed an intermediate health score of 6/10, meaning L.B. FOSTER is likely to be able to pay off debt and fund future operations. More…
Peers
The Company’s primary competitors are Beijing Tieke Shougang Railway-Tech Co Ltd, Komatsu Wall Industry Co Ltd, and Cos Targoviste SA.
– Beijing Tieke Shougang Railway-Tech Co Ltd ($SHSE:688569)
Beijing Tieke Shougang Railway-Tech Co Ltd is a railway transportation company that provides services including railway passenger and freight transportation, railway infrastructure construction, and railway equipment manufacturing. The company has a market cap of 4.04B as of 2022 and a return on equity of 8.73%. The company’s railway passenger and freight transportation services include the transportation of passengers and freight by rail. The company’s railway infrastructure construction services include the construction of railway tracks, tunnels, bridges, and other infrastructure. The company’s railway equipment manufacturing services include the manufacture of locomotives, rolling stock, and other railway equipment.
– Komatsu Wall Industry Co Ltd ($TSE:7949)
Komatsu Wall Industry Co Ltd is a Japanese company that manufactures and sells construction equipment, air conditioners, and other products. The company has a market cap of 17.04B as of 2022 and a Return on Equity of 3.05%. Komatsu Wall Industry Co Ltd is a publicly traded company listed on the Tokyo Stock Exchange.
– Cos Targoviste SA ($LTS:0FJ5)
Targoviste SA is a Romanian company that produces and sells construction materials. The company has a market cap of 254.75M as of 2022 and a Return on Equity of -13.87%. The company’s products include cement, concrete, bricks, and tiles. Targoviste SA is a publicly traded company listed on the Bucharest Stock Exchange.
Summary
Investors have responded positively to L.B. FOSTER‘s Q2 fiscal year 2023 earnings results. Total revenue increased 12.6% year-on-year, reaching USD 148.0 million. Net income skyrocketed 75.6%, clocking in at USD 3.5 million.
The positive results have been reflected in the market, as the company’s stock price surged on the announcement. Going forward, investors may want to assess the sustainability of the company’s revenue growth, as well as the prospects of further significant increases in earnings.
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