L.B. Foster pany(US:FSTR)2021-05-09 14:02Financial Performance - Q1 2021 revenue was $116.1 million, a decrease of $5.8 million or 4.8% compared to Q1 2020[8, 16] - Adjusted EBITDA for Q1 2021 was $2.7 million, a decrease of $2.1 million compared to the prior year quarter[8, 9, 16] - Net debt as of March 31, 2021, was approximately $31.8 million, a $26.0 million decrease from the prior year quarter[11] - Total available funding capacity as of March 31, 2021, was approximately $82.6 million, an increase of approximately $5.7 million over December 31, 2020[10] - The company's adjusted net leverage ratio was 1.1x for the twelve months ended March 31, 2021[11] - The company generated exceptional free cash flow, resulting in a 13.4% TTM free cash flow yield[30] Orders and Backlog - Backlog levels remain strong at $271.9 million, an increase of $34.7 million or 15% over the prior year quarter[8, 10, 16] - New orders for Q1 2021 were $135.6 million, an increase of $4.8 million or 3.7% compared to Q1 2020[8, 16] - The company's TTM Q1 2021 consolidated book-to-bill ratio was 1.09[10] Segment Performance - Rail Technologies and Services segment sales decreased by $4.0 million or 5.7% to $66.2 million[21] - Infrastructure Solutions segment sales decreased by $1.9 million or 3.6% to $49.8 million[21] - Infrastructure Solutions backlog increased 17% year-over-year, despite the reduction experienced in the Coatings and Measurement business unit[45]