L.B. Foster Company (FSTR) Named To Forbes List of Best Small Companies

By @ibtimes on

L.B. Foster Company was listed on the 2009 edition of Forbes Magazine’s America’s 200 Best Small Companies. The company was ranked 79th on the list, and also appeared on the list in 2007.

Forbes Magazine uses one and five year trends on sales, sales growth, earnings per share growth and return on equity to compile the list. “It is a great honor for our company to be recognized again by Forbes Magazine for our success,” said Stan Hasselbusch, the CEO. “It is really an acknowledgement of the efforts and hard work of all L.B. Foster employees.”

L.B. Foster Company reported net income of $6.1 million, or $0.60 per diluted share, in the third quarter ended 9/30/09. Revenues were $92.4 million. All three measures were down sharply on a year over year basis. The company ended the quarter with $122 million in cash, compared to debt of approximately $23 million.

L.B. Foster Company manufactures construction and transportation materials, and specializes in rail, construction and tubular products and services. The company’s products include track rail, steel pipe, metal bridge decking and concrete ties.

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