L.B. Foster’s tubular, rail sales offset construction weakness

Nov 01, 2012 | 02:45 PM | Corinna Petry

Tags  L.B. Foster, tubular sales, rail sales, construction sales, quarterly earnings, Robert P. Bauer, Corinna Petry

CHICAGO — L.B. Foster Co.’s rail and tubular business units have performed well enough to offset a "difficult" construction market, the company’s top executive said.

The Pittsburgh-based manufacturer, fabricator and distributor of rail, energy and construction products reported net income of $8.2 million for the third quarter ended Sept. 30, down 15.6 percent from a year-earlier $9.4 million, despite sales that rose 7.6 percent to $170.3 million.....

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