L.B. Foster Co Says Total Costs Associated With Bridge Grid Deck Exit Are Now Expected To Range Between $4.5M To $4.8M
Portfolio Pulse from Benzinga Newsdesk
L.B. Foster Co has updated its expected total costs associated with its exit from the bridge grid deck business to range between $4.5M to $4.8M, according to an SEC 8K filing.
October 27, 2023 | 12:24 pm
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NEGATIVE IMPACT
L.B. Foster Co's exit from the bridge grid deck business is expected to cost between $4.5M to $4.8M, potentially impacting the company's financial performance.
The revised cost estimate for L.B. Foster Co's exit from the bridge grid deck business is higher than previously expected. This could potentially lead to a negative impact on the company's financial performance in the short term, which may affect the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100