Strength in Key Distribution Product Lines Cited
PITTSBURGH, June 10 /PRNewswire-FirstCall/ -- Pittsburgh-based L.B. Foster Company (NASDAQ:FSTR) reported that orders received during the month of May were the highest in Company history. The Company's three major distribution products lines -- Piling, New Rail and Relay Rail -- along with its Coated Products and CXT(R) Concrete Buildings businesses, all reported a strong booking month and were the key reason for the performance.
As of the end of the month, the Company had recorded almost $77 million in order bookings, easily surpassing the previous monthly record of $64 million attained in February 2007.
According to Stan Hasselbusch, President and CEO, the level of order entry was the result of solid end market demand. "We think there is some pent up demand in both the rail and construction segments of our business. Our product teams have been aggressively pursuing several key projects. We were able to book these orders in May." L.B. Foster Company is a leading manufacturer, fabricator and distributor of products for rail, construction, utility and energy industries.
The Company can be contacted via telephone at 412-928-3400 or 1-800-255-4500 or via its website at http://www.lbfoster.com/.
CXT(R) is a registered trademark of L.B. Foster Company.
Contact Information: Jake Fuellhart (412) 928-5645 or DATASOURCE: L.B. Foster Company CONTACT: Jake Fuellhart of L.B. Foster Company, +1-412-928-5645, Web site: http://www.lbfoster.com/
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