PITTSBURGH, Aug. 1, 2014 /CNW/ -- L.B. Foster Company
(NASDAQ: FSTR) announced today that its Board of Directors has
authorized a $0.03 per share regular
quarterly cash dividend on its issued and outstanding shares of
common stock. The dividend is payable Friday, September 19, 2014 to shareholders of
record at the close of business on September
5, 2014.
There are currently approximately 10.4 million shares
outstanding.
About L.B. Foster Company
L.B.
Foster is a leading manufacturer, fabricator, and
distributor of products and services for the rail, construction,
energy and utility markets with locations in North America and Europe. Please visit
our website: www.lbfoster.com
The Company wishes to caution readers that various factors
could cause the actual results of the Company to differ materially
from those indicated by forward-looking statements in news
releases, and other communications, including oral statements, such
as references to future profitability, made from time to time by
representatives of the Company. Specific risks and uncertainties
that could affect the Company's profitability include, but are not
limited to, general economic conditions, sudden and/or sharp
declines in steel prices, adequate funding for infrastructure
projects, the ultimate number of concrete ties that will have to be
replaced pursuant to the previously-disclosed product warranty
claim of Union Pacific Railroad and an overall resolution of the
related contract claims, production delays or problems encountered
at our manufacturing facilities and the availability of existing
and new piling and rail products. There are also no
assurances that the announced dividend will continue on a quarterly
basis should known or unknown factors negatively impact the
financial position of the Company.
Matters discussed may include forward-looking statements that
involve risks and uncertainties. Sentences containing words such as
"anticipates," "expects," or "will," generally should be considered
forward-looking statements. More detailed information on
these and additional factors which could affect the Company's
operating and financial results are described in the Company's
Forms 10-K, 10-Q and other reports, filed or to be filed with the
Securities and Exchange Commission. The Company urges all
interested parties to read these reports to gain a better
understanding of the many business and other risks that the Company
faces. The Company assumes no obligation to update or revise
such statements, whether as a result of new information or
otherwise, except as required by securities laws.
CONTACT:
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David
Russo
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Phone:
412.928.3417
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L.B. Foster
Company
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Email:
Investors@Lbfoster.com
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415 Holiday
Drive
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Website:
www.lbfoster.com
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Pittsburgh,
PA 15220
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SOURCE L.B. Foster Company