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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