L.B. Foster keen on energy pipe amid mixed outlook

Nov 06, 2013 | 07:25 PM | Corinna Petry

Tags  L.B. Foster, construction, oil and gas, Robert Bauer, pipe coating facility, American Steel Pipe, American Cast Iron Pipe, capacity expansion Corinna Petry

CHICAGO — L.B. Foster Co.’s outlook is mixed for the rest of the year and into 2014.

Generally, construction market demand will see some improvements while energy will remain inconsistent, according to the company, which manufactures and distributes steel-based products for the rail, construction, energy and utility markets.

"Construction orders have been positive for two quarters now and are well ahead of prior-year levels," president and chief executive officer Robert P. Bauer said during the Pittsburgh-based company’s Nov. 5 earnings call.....

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