L.B. Foster’s net income dips in qtr.

Aug 04, 2014 | 07:04 PM | Thorsten Schier

Tags  L.B. Foster, earnings report, construction, energy, nonresidential construction, Union Pacific Railroad, Robert Bauer, David Russo Nat Rudarakanchana

NEW YORK — L.B. Foster Co.’s net income dipped 5.9 percent in the second quarter due in part to an unexpected one-time charge of $4.6 million.

The Pittsburgh-based company, which sells infrastructure products to the rail, construction and energy sectors, saw net income fall to $6.9 million for the three months ended June 30 from $7.3 million in the same period last year despite sales that increased 11.3 percent to $166.8 million from $149.9 million.....

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