L.B. Foster beats by $0.01, beats on revs; guides FY15 EPS below consensus, revs above consensus
Reports Q1 (Mar) earnings of $0.41 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.40; revenues rose 23.8% year/year to $137.9 mln vs the $131.38 mln consensus.
- Co issues mixed guidance for FY15, sees EPS of $3.20-3.30 vs. $3.33 Capital IQ Consensus Estimate; sees FY15 revs of $770.0-780.0 vs. $736.03 mln Capital IQ Consensus Estimate.
- "Overall market conditions are expected to be favorable across our business segments in 2015 with the exception of certain areas in the energy market which are likely to experience short term volatility. Capital spending plans for many of the pipeline customers we serve have remained in place, while the E&P firms reduced capital spending aimed at drilling operations appear to have reached a conclusion for 2015. We are also reducing expectations for sales to Union Pacific Railroad based on the ongoing litigation over concrete tie warranty claims. In addition, headwinds from a strong dollar are likely to have a negative impact on sales."