L.B. Foster pany(US:FSTR)2022-05-11 13:44Financial Performance - Q1 2022 sales were $98.8 million, a decrease of $17.3 million or 14.9% year-over-year[45] - Gross profit was $16.4 million with a gross profit margin of 16.6%, a 40 bps increase year-over-year[45] - Net loss was $1.6 million, compared to a net loss of $1.3 million in the prior year quarter[45] - EBITDA was $1.7 million, down $1.1 million or 39.7% from $2.7 million in Q1 2021[45] Segment Results - Rail, Technologies, and Services sales decreased by $2.5 million or 3.8% to $63.7 million[51] - Precast Concrete Products sales increased by $2.3 million or 18.4% to $15.0 million[51] - Steel Products and Measurement sales increased by $3.7 million or 22.7% to $20.1 million, excluding the impact of the Piling Products business[51] Orders and Backlog - New orders totaled $135.4 million, a decrease of $0.2 million or 0.2% year-over-year[48] - Excluding Piling Products, new orders increased by $20.4 million or 17.7%[48] - Consolidated backlog was $244.6 million, a decrease of $27.3 million or 10.0% year-over-year[49] - Excluding Piling Products, backlog increased by $4.7 million or 1.9%[49] Liquidity - Net debt totaled $29.4 million, down $2.4 million year-over-year[22] - Adjusted net leverage ratio was 1.7x[22] - Total available funding capacity was $100.1 million[22]