L.B. Foster Company · NASDAQ:FSTR
L.B. Foster — Q3 2017 Earnings Presentation
22 slides from L.B. Foster's earnings presentation, Nov 7, 2017
Slide 1: Q3 2017 Earnings Presentation
Q3 2017 Earnings Presentation November 7, 2017
Slide 2: Safe Harbor Statement
L.B. Foster Company (FSTR) Safe Harbor Statement Q3 2017 Earnings Presentation Webcast November 7, 2017 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
Slide 3: Non-GAAP Financial Measures
L.B. Foster Company (FSTR) Non-GAAP Financial Measures Q3 2017 Earnings Presentation Webcast November 7, 2017 This earnings presentation discloses the following non-GAAP measures: • Earnings before interest, taxes, depreciation, and amortization (“EBITDA”); • EBITDA adjusted for asset impairments ("
Slide 4: Financial Overview
Financial Overview LBFoster LBFoster
Slide 5: Financial Highlights
L.B. Foster Company (FSTR) Financial Highlights Q3 2017 Earnings Presentation Webcast November 7, 2017 Metrics Q3 2017 Q3 2016 Variance Sales $131.5 million $114.6 million $16.8 million, 14.7% Gross Profit Margin 20.1% 17.3% 280 bps Adjusted Earnings (Loss) $0.31 $(0.00) $0.31 per Diluted Share1 Adj
Slide 6: Consolidated Income Statement - QTD
L.B. Foster Company (FSTR) Consolidated Income Statement - QTD Q3 2017 Earnings Presentation Webcast November 7, 2017 Three Months Ended Three Months Ended September 30, 2017 September 30, 2016 Delta ($ in millions, except per share) $ % $ % $ % Sales $ 131.5 — $ 114.6 — $ 16.8 14.7% Gross profit 26
Slide 7: Consolidated Income Statement - YTD
L.B. Foster Company (FSTR) Consolidated Income Statement - YTD Q3 2017 Earnings Presentation Webcast November 7, 2017 Nine Months Ended Nine Months Ended September 30, 2017 September 30, 2016 Delta ($ in millions, except per share) $ % $ % $ % Sales $ 395.1 — $ 376.9 — $ 18.1 4.8% Gross profit 75.4
Slide 8: Segment Results
L.B. Foster Company (FSTR) Segment Results Q3 2017 Earnings Presentation Webcast November 7, 2017 Three Months Ended Three Months Ended September 30, 2017 September 30, 2016 Delta Sales ($ in millions) $ % of Total $ % of Total $ % Rail Products and Services $ 62.1 47.2% $ 56.9 49.7% $ 5.2 9.1% Cons
Slide 9: Balance Sheet
L.B. Foster Company (FSTR) Balance Sheet Q3 2017 Earnings Presentation Webcast November 7, 2017 ($ in millions) September 30, 2017 December 31, 2016 ASSETS (audited) Current assets: Cash and cash equivalents $ 35.0 $ 30.4 Accounts receivable – net 79.3 66.6 Inventories – net 104.0 83.2 Other current
Slide 10: Cash Flows
L.B. Foster Company (FSTR) Cash Flows Q3 2017 Earnings Presentation Webcast November 7, 2017 ($ in millions) Nine Months Ended Nine Months Ended September 30, 2017 September 30, 2016 Net income (loss) and non-cash items $ 19.0 $ 16.0 Receivables (11.9) 13.5 Inventory (19.3) 3.2 Payables and deferred
Slide 11: New Order Summary - QTD
L.B. Foster Company (FSTR) New Order Summary - QTD Q3 2017 Earnings Presentation Webcast November 7, 2017 New Orders Entered Delta ($ in millions) Three Months Ended Three Months Ended September 30, 2017 September 30, 2016 $ % Rail Products and Services $ 69.4 $ 48.0 $ 21.4 44.5% Construction Produc
Slide 12: New Order Summary - YTD
L.B. Foster Company (FSTR) New Order Summary - YTD Q3 2017 Earnings Presentation Webcast November 7, 2017 New Orders Entered Delta ($ in millions) Nine Months Ended Nine Months Ended September 30, 2017 September 30, 2016 $ % Rail Products and Services $ 212.0 $ 164.5 $ 47.5 28.9% Construction Produc
Slide 13: Backlog Summary
L.B. Foster Company (FSTR) Backlog Summary Q3 2017 Earnings Presentation Webcast November 7, 2017 Backlog ($ in millions) September 30, 2017 December 31, 2016 September 30, 2016 Rail Products and Services $ 85.8 $ 62.7 $ 53.4 Construction Products 74.9 72.0 75.8 Tubular and Energy Services 28.9 12.8
Slide 14: Business Review
Business Review LBFoster LBFoster
Slide 15: Rail Products and Services
L.B. Foster Company (FSTR) Rail Products and Services Q3 2017 Earnings Presentation Webcast November 7, 2017 Q3 2017 Results Commentary Market Outlook • Sales increased by 9.1% with increases in both North American and Q3 2017 Trends / Outlook European rail divisions • Q3 2017 orders increased from
Slide 16: Construction Products
L.B. Foster Company (FSTR) Construction Products Q3 2017 Earnings Presentation Webcast November 7, 2017 Q3 2017 Results Commentary Market Outlook • Sales increased due to improved demand for Fabricated Bridge from Q3 2017 Trends / Outlook both projects and non-project work, including the continuatio
Slide 17: Tubular and Energy Services
L.B. Foster Company (FSTR) Tubular and Energy Services Q3 2017 Earnings Presentation Webcast November 7, 2017 Q3 2017 Results Commentary Market Outlook • Sales increased 32.3% with increases for all product categories except Q3 2017 Trends / Outlook Precision Measurement • New orders increased 97.1%
Slide 18: Q4 and Full Year 2017 Outlook
L.B. Foster Company (FSTR) Q4 and Full Year 2017 Outlook Q3 2017 Earnings Presentation Webcast November 7, 2017 We expect that: • Market conditions will remain favorable in all business segments through the fourth quarter • Increased orders and backlog from the Rail and Tubular segments as both mark
Slide 19: Key Takeaways
L.B. Foster Company (FSTR) Key Takeaways Q3 2017 Earnings Presentation Webcast November 7, 2017 • Strong third quarter new orders and backlog activity driven by the continued recovery of rail and energy markets ◦ New orders and backlog levels both significantly increased over the prior quarter and p
Slide 20: Appendix
Appendix LBFoster LBFoster
Slide 21: Non-GAAP Financial Measures: Adjusted EBITDA
L.B. Foster Company (FSTR) Non-GAAP Financial Measures: Adjusted EBITDA Q3 2017 Earnings Presentation Webcast November 7, 2017 Three Months Ended Nine Months Ended ($ in millions) September 30, September 30, September 30, September 30, 2017 2016 2017 2016 Net loss as reported $ 3.2 $ (6.0) $ 3.8 $ (
Slide 22: Non-GAAP Financial Measures: Adjusted EPS
L.B. Foster Company (FSTR) Non-GAAP Financial Measures: Adjusted EPS Q3 2017 Earnings Presentation Webcast November 7, 2017 ($ in millions, except per share data) Three Months Ended Nine Months Ended Adjusted Diluted Earnings (Loss) Per September 30, September 30, September 30, September 30, Share R