L.B. Foster pany(US:FSTR)2022-11-11 18:38Financial Performance - Q3 2022 net sales were $130 million, consistent with the previous year[17] - Adjusted EBITDA for Q3 2022 increased by 111% year-over-year to $93 million[5] - The company's backlog as of September 30, 2022, was $2728 million, a 177% increase compared to the previous year[4, 42] - Net debt totaled $94 million, up $679 million year-over-year due to acquisition-related activity[35] Segment Results - Rail, Technologies, and Services segment sales increased by 46% to $774 million in Q3 2022[23, 64] - Precast Concrete Products segment sales increased by 606% to $289 million in Q3 2022[25, 64] - Steel Products and Measurement segment sales decreased by 376% to $238 million in Q3 2022, primarily due to the sale of the Piling business[28, 64] Strategic Initiatives - The company completed the acquisition of VanHooseCo Precast LLC for $522 million[16] - The company completed the sale of the Track Components business for $78 million[16] - The company completed the acquisition of Intelligent Video Ltd and Skratch for $88 million[15]