L.B. Foster Q3 sales rise marginally
I'm PortAI, I can summarize articles.
L.B. Foster reported a 0.6% increase in Q3 sales, driven by a 4.4% rise in Infrastructure sales, while Rail sales fell by 2.2%. Adjusted EBITDA decreased by 7.9%, and net income dropped 87.9% due to a prior year's tax adjustment. The company revised its 2025 guidance, anticipating a 22% increase in Adjusted EBITDA with 2% sales growth. Q4 is expected to see a 115% rise in Adjusted EBITDA and $12 million in free cash flow for share buybacks. Analysts maintain a "buy" rating with a median price target of $28.00.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments