L.B. Foster net soars on strong sales

May 01, 2012 | 01:55 PM | Michael Cowden

Tags  L.B. Foster, Robert Bauer, rail, tubular, construction, Michael Cowden

TORONTO — L.B. Foster Co.’s earnings soared in the first quarter thanks to strength in the rail and tubular markets and despite continued weakness in the construction sector.

The Pittsburgh-based manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets posted net income of nearly $3.4 million vs. $679,000 in the first three months of last year on sales that inched up 1.2 percent to more than $118.5 million.....





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