Green Tree-based L.B. Foster Co. reported first-quarter profit of $4.9 million, or $0.48 per diluted share, compared to $3.3 million, or $0.29 per diluted share, for the same quarter in 2012.
Analysts had expected the rail products company to earn $0.40 for the quarter. First-quarter sales were $129 million compared to sales of $114 million for the first quarter of 2012.
Tim Grant: firstname.lastname@example.org or 412-263-1591.