L.B. Foster Company (FSTR) Financial Statements (2024 and earlier)

Company Profile

Business Address 415 HOLIDAY DR
PITTSBURGH, PA 15220
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 5051 - Metals Service Centers and Offices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,88210,3727,56414,17810,28237,678
Cash and cash equivalents2,88210,3727,56414,17810,28237,678
Receivables82,45564,41158,29878,57586,12376,582
Inventory, net of allowances, customer advances and progress billings75,72162,871116,460119,301124,50497,543
Inventory75,72162,871116,460119,301124,50497,543
Prepaid expense     437188
Other current assets11,06114,14612,9974,6105,3269,120
Other undisclosed current assets33,61327,679    
Total current assets:205,732179,479195,319216,664226,672221,111
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 312151247 
Operating lease, right-of-use asset17,29115,13116,069 
Property, plant and equipment    82,31486,85796,096
Long-term investments and receivables      162
Long-term investments      162
Intangible assets, net (including goodwill)54,56451,17557,23763,07969,09477,225
Goodwill30,73320,15220,34019,56519,25819,785
Intangible assets, net (excluding goodwill)23,83131,02336,89743,51449,83657,440
Deferred income tax assets 2437,24238,481 
Other noncurrent assets2,3551,3461,2041,2026261,962
Other undisclosed noncurrent assets85,03258,07161,83841,912  
Total noncurrent assets:159,578163,116175,076188,507156,577175,445
TOTAL ASSETS:365,310342,595370,395405,171383,249396,556
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities64,97464,68579,70996,171104,88674,056
Employee-related liabilities9,5179,18214,09612,99311,888
Accounts payable48,78241,41154,78766,36178,26952,404
Accrued liabilities16,19213,75715,74015,71413,6249,764
Deferred revenue19,45213,4117,144 
Debt127981192,905629656
Disposal group, including discontinued operation   330   
Deferred revenue and credits6,61910,136
Contract with customer, liability8,446 
Other undisclosed current liabilities18,5588,0008,0009,22212,0578,682
Total current liabilities:103,11186,19495,302116,744124,19193,530
Noncurrent Liabilities
Long-term debt and lease obligation, including:91,75231,15344,90555,28874,353129,310
Finance lease, liability 18553128 
Other undisclosed long-term debt and lease obligation91,56718,82131,26155,28874,353129,310
Liabilities, other than long-term debt24,84913,35915,84216,25822,58627,237
Deferred tax liabilities, net5,2879,744
Deferred income tax liabilities3,1093,7534,085 
Other liabilities7,5779,60611,75716,25817,29917,493
Operating lease, liability14,16312,27913,516 
Other undisclosed noncurrent liabilities8,00028,279    
Total noncurrent liabilities:124,60172,79160,74771,54696,939156,547
Total liabilities:227,712158,985156,049188,290221,130250,077
Equity
Equity, attributable to parent137,178183,092176,830169,862122,119146,479
Common stock111111111111111111
Treasury stock, value(6,240)(10,179)(12,703)(16,795)(18,165)(18,662)
Additional paid in capital41,30343,27244,58349,20448,04045,017
Accumulated other comprehensive loss(21,165)(18,845)(20,268)(20,183)(22,191)(17,767)
Retained earnings123,169168,733165,107157,525114,324137,780
Equity, attributable to noncontrolling interest420518    
Total equity:137,598183,610176,830169,862122,119146,479
Other undisclosed liabilities and equity   37,51647,01940,000 
TOTAL LIABILITIES AND EQUITY:365,310342,595370,395405,171383,249396,556

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues497,497513,620497,411655,057626,969536,377
Revenue, net536,377
Cost of revenue(407,886)(427,318)(402,405)(533,685)(509,810)(433,125)
Cost of goods and services sold     (509,810)(433,125)
Gross profit:89,61186,30295,006121,372117,159103,252
Operating expenses(96,817)(81,831)(79,373)(98,321)(140,677)(89,272)
Other undisclosed operating income    13,46362,43113,705
Operating income (loss):(7,206)4,47115,63336,51438,91327,685
Nonoperating income (expense)1,5503,0752,110(4,492)461674
Investment income, nonoperating      307
Other nonoperating income (expense)1,5503,0752,110(4,492)461367
Interest and debt expense(3,340)(2,956)(3,761)(4,920)(6,154)(8,377)
Income (loss) from continuing operations before equity method investments, income taxes:(8,996)4,59013,98227,10233,22019,982
Income from equity method investments      6
Other undisclosed loss from continuing operations before income taxes    (9,705)(59,931)(11,946)
Income (loss) from continuing operations before income taxes:(8,996)4,59013,98217,397(26,711)8,042
Income tax expense (benefit)(36,681)(1,119)11,84125,171(4,457)(3,929)
Income (loss) from continuing operations:(45,677)3,47125,82342,568(31,168)4,113
Income (loss) before gain (loss) on sale of properties:3,5437,58242,568(31,168)4,113
Income (loss) from discontinued operations  72(18,241)   
Net income (loss):(45,677)3,5437,58242,568(31,168)4,113
Net income attributable to noncontrolling interest11383    
Net income (loss) available to common stockholders, diluted:(45,564)3,6267,58242,568(31,168)4,113

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(45,677)3,5437,58242,568(31,168)4,113
Other comprehensive income (loss)(47,997)19(334)201(32)(164)
Other undisclosed comprehensive income      
Comprehensive income (loss):(93,674)3,5627,24842,769(31,200)3,949
Comprehensive income, net of tax, attributable to noncontrolling interest98101    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent45,6771,31418,4902,440(4,392)7,686
Comprehensive income (loss), net of tax, attributable to parent:(47,899)4,97725,73845,209(35,592)11,635

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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