L.B. Foster Company · NASDAQ:FSTR
L.B. Foster — Q2 2018 Earnings Presentation
22 slides from L.B. Foster's earnings presentation, Jul 31, 2018
Slide 1: Q2 2018 Earnings Presentation
Q2 2018 Earnings Presentation July 31, 2018
Slide 2: Safe Harbor Statement
L.B. Foster Company (FSTR) Safe Harbor Statement Q2 2018 Earnings Presentation Webcast July 31, 2018 This presentation and oral statements regarding the subject matter may contain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. W
Slide 3: Non-GAAP Financial Measures
L.B. Foster Company (FSTR) Non-GAAP Financial Measures Q2 2018 Earnings Presentation Webcast July 31, 2018 This earnings presentation discloses the following non-GAAP measures: • Earnings before interest, taxes, depreciation, and amortization (“EBITDA”); • Segment gross profit Management believes th
Slide 4: Financial Overview
Financial Overview LBFoster LBFoster
Slide 5: Executive Summary
L.B. Foster Company (FSTR) Executive Summary Q2 2018 Earnings Presentation Webcast July 31, 2018 • Strong new orders and backlog activity continued in the second quarter, driven by rail and energy market spending and new projects ◦ New orders and backlog levels both significantly increased over the
Slide 6: Financial Highlights
L.B. Foster Company (FSTR) Financial Highlights Q2 2018 Earnings Presentation Webcast July 31, 2018 Metrics Q2 2018 Q2 2017 Variance Sales $172.9 million $144.9 million $28.0 million, 19.3% Gross Profit Margin 18.8% 19.1% (30) bps Earnings per Diluted $0.47 $0.29 $0.18 Share EBITDA1 $12.0 million $1
Slide 7: Consolidated Income Statement - Second Quarter
L.B. Foster Company (FSTR) Consolidated Income Statement - Second Quarter Q2 2018 Earnings Presentation Webcast July 31, 2018 Three Months Ended Three Months Ended Delta June 30, 2018 June 30, 2017 ($ in millions, except per share) $ % of Sales $ % of Sales $ % Sales $ 172.9 — $ 144.9 — $ 28.0 19.3%
Slide 8: Consolidated Income Statement - First Six Months
L.B. Foster Company (FSTR) Consolidated Income Statement - First Six Months Q2 2018 Earnings Presentation Webcast July 31, 2018 Six Months Ended Six Months Ended Delta June 30, 2018 June 30, 2017 ($ in millions, except per share) $ % of Sales $ % of Sales $ % Sales $ 295.3 — $ 263.6 — $ 31.8 12.1% G
Slide 9: Segment Results
L.B. Foster Company (FSTR) Segment Results Q2 2018 Earnings Presentation Webcast July 31, 2018 Three Months Ended Three Months Ended June 30, 2018 June 30, 2017 Delta Sales ($ in millions) $ % of Total $ % of Total $ % Rail Products and Services $ 91.9 53.1% $ 69.3 47.9% $ 22.5 32.5% Construction Pr
Slide 10: Balance Sheet
L.B. Foster Company (FSTR) Balance Sheet Q2 2018 Earnings Presentation Webcast July 31, 2018 ($ in millions) June 30, 2018 December 31, 2017 ASSETS (audited) Current assets: Cash and cash equivalents $ 13.3 $ 37.7 Accounts receivable – net 96.3 76.6 Inventories – net 101.3 97.5 Other current assets
Slide 11: Cash Flows
L.B. Foster Company (FSTR) Cash Flows Q2 2018 Earnings Presentation Webcast July 31, 2018 ($ in millions) Six Months Ended Six Months Ended June 30, 2018 June 30, 2017 Net income and non-cash items $ 13.2 $ 11.1 Receivables (20.1) (10.0) Inventory (4.5) (0.5) Payables and deferred revenue 23.7 17.7
Slide 12: New Order Summary - Second Quarter
L.B. Foster Company (FSTR) New Order Summary - Second Quarter Q2 2018 Earnings Presentation Webcast July 31, 2018 New Orders Entered Delta ($ in millions) Three Months Ended Three Months Ended June 30, 2018 June 30, 2017 $ % Rail Products and Services $ 116.6 $ 55.5 $ 61.1 110.2% Construction Produc
Slide 13: New Order Summary - First Six Months
L.B. Foster Company (FSTR) New Order Summary - First Six Months Q2 2018 Earnings Presentation Webcast July 31, 2018 New Orders Entered Delta ($ in millions) Six Months Ended Six Months Ended June 30, 2018 June 30, 2017 $ % Rail Products and Services $ 212.7 $ 142.6 $ 70.1 49.2% Construction Products
Slide 14: Backlog Summary
L.B. Foster Company (FSTR) Backlog Summary Q2 2018 Earnings Presentation Webcast July 31, 2018 Backlog ($ in millions) June 30, 2018 December 31, 2017 June 30, 2017 Rail Products and Services $ 126.9 $ 68.9 $ 78.5 Construction Products 82.4 71.3 75.5 Tubular and Energy Services 22.0 26.7 22.0 Total
Slide 15: Business Review
Business Review LBFoster LBFoster
Slide 16: Rail Products and Services
L.B. Foster Company (FSTR) Rail Products and Services Q2 2018 Earnings Presentation Webcast July 31, 2018 Q2 2018 Results Commentary Market Outlook • Sales increased by 32.5% with increases in both North American and Q2 2018 Trends / Outlook European rail divisions • Q2 2018 orders increased from Q2
Slide 17: Construction Products
L.B. Foster Company (FSTR) Construction Products Q2 2018 Earnings Presentation Webcast July 31, 2018 Q2 2018 Results Commentary Market Outlook • Sales decreased 3.3 million, or 7.2%, as compared to the prior year Q2 2018 Trends / Outlook period • New orders for Construction Products decreased 5.4% o
Slide 18: Tubular and Energy Services
L.B. Foster Company (FSTR) Tubular and Energy Services Q2 2018 Earnings Presentation Webcast July 31, 2018 Q2 2018 Results Commentary Market Outlook • Sales increased 29.1% with increases for all product categories within Q2 2018 Trends / Outlook the segment • New orders increased 0.3% compared to Q
Slide 19: Appendix
Appendix LBFoster LBFoster
Slide 20: Non-GAAP Financial Measures: EBITDA
L.B. Foster Company (FSTR) Non-GAAP Financial Measures: EBITDA Q2 2018 Earnings Presentation Webcast July 31, 2018 Three Months Ended Six Months Ended ($ in millions) June 30, June 30, June 30, June 30, 2018 2017 2018 2017 Net income as reported $ 4.9 $ 3.0 $ 2.9 $ 0.6 Interest expense, net 1.6 2.1
Slide 21: Non-GAAP Financial Measures: Segment Gross Profit
L.B. Foster Company (FSTR) Non-GAAP Financial Measures: Segment Gross Profit Q2 2018 Earnings Presentation Webcast July 31, 2018 Three months ended June 30, 2018 ($ in millions) Rail Products and Construction Tubular and Energy Services Products Services Total Segment profit $ 5.3 $ 2.9 $ 4.5 $ 12.7
Slide 22: Non-GAAP Financial Measures: Segment Gross Profit
L.B. Foster Company (FSTR) Non-GAAP Financial Measures: Segment Gross Profit Q2 2018 Earnings Presentation Webcast July 31, 2018 Six months ended June 30, 2018 ($ in millions) Rail Products and Construction Tubular and Energy Services Products Services Total Segment profit $ 7.4 $ 2.9 $ 6.4 $ 16.7 S