L.B. Foster (FSTR) Misses Q3 EPS by 1c
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L.B. Foster Reports Third Quarter Operating Results
November 9, 2015 8:31 AM ESTPITTSBURGH, Nov. 09, 2015 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ: FSTR), a leading manufacturer, fabricator, and distributor of products and services for rail, construction, energy and utility markets, today reported its third quarter 2015 operating results, which included a tax-effected non-cash charge of $63.9 million ($80.3 million before tax) or $6.23 per diluted share, for the impairment of a significant portion of the goodwill related to the Companys Inspection Oilfield Service (IOS) and Chemtec Energy Services (Chemtec) subsidiaries, which was driven by the effects of weak energy markets. Excluding the charge and certain warranty related items,... More
