L.B. Foster Company Expects FY24 Net Sales Of $525M-$560M Vs. $572.12M Estimate; Sees Adjusted EBITDA Of $34M-$39M
Portfolio Pulse from Benzinga Newsdesk
L.B. Foster Company projects FY24 net sales to range between $525M-$560M, falling short of the $572.12M estimate. The company also anticipates its adjusted EBITDA to be between $34M-$39M.
March 05, 2024 | 1:08 pm
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L.B. Foster Company expects FY24 net sales to be lower than the estimated $572.12M, with adjusted EBITDA projected between $34M-$39M.
The projected net sales for FY24 being lower than the estimated figures suggests a potential negative impact on investor sentiment and stock price in the short term. The adjusted EBITDA range, while providing some insight into expected profitability, may not fully mitigate concerns over the lower sales forecast.
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IMPORTANCE 90
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