L.B. Foster pany(US:FSTR)2022-03-01 15:29Financial Performance - 2021 - The company's 2021 sales were $514 million [2] - 2021 adjusted EBITDA was $187 million [3] - The company's revenue for the year ended December 31, 2021, was $5136 million, a 33% year-over-year increase [3, 24] - The company's backlog as of December 31, 2021, was $2102 million [3] Q4 2021 Results - Q4 2021 sales were $113 million, a 23% year-over-year decrease [14] - Q4 2021 adjusted EBITDA was $32 million, a year-over-year decrease of $37 million [14] - The company's backlog was $2102 million, a year-over-year decrease of $38 million [3, 14] Segment Performance - Rail, Technologies, and Services segment sales were $2997 million with an EBITDA of $199 million [11] - Precast Concrete Products segment sales were $71 million with an EBITDA of $33 million [11] - Steel Products and Measurement segment sales were $1429 million with an EBITDA of $53 million [11] Strategic Actions and Outlook - The company completed the divestiture of the steel Piling business for $227 million in proceeds [6] - The company anticipates approximately $85 million in tax refunds [29] - The company's long-term vision for 2025 includes revenue of approximately $600 million and adjusted EBITDA of approximately $50 million [43]