L.B. Foster pany(US:FSTR)2021-03-03 21:03Financial Performance - L.B. Foster's adjusted EBITDA for the year ended December 31, 2020, was approximately $32 million[13] - The company generated approximately $21 million in operating cash flow for the year ended December 31, 2020[13] - Net debt was approximately $37 million as of December 31, 2020, a $7 million decrease from the prior year end[14] - The adjusted net leverage ratio was 1.2x for the year ended December 31, 2020[14] - Q4 2020 sales were $115.6 million, a decrease of $25.8 million or 18.2% compared to Q4 2019[8, 30] - Full year 2020 sales were $497.4 million, a decrease of $119 million or 19.3% compared to 2019[32] Orders and Backlog - Backlog increased by $19 million, or 8%, as of December 31, 2020, versus the prior year end[15] - Q4 2020 new orders totaled $134.4 million, a decrease of $41 million or 23.4% compared to Q4 2019[8, 30] - The company achieved a 2020 book-to-bill ratio of 1.06[15] - Rail Technologies and Services backlog increased by $18 million, or 17%, from the prior year end[19]