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L.B. Foster (FSTR) and FUCHS Expand Partnership in Rail Markets
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L.B. Foster Company (FSTR - Free Report) , a global provider of technology solutions for the rail and infrastructure sectors, has announced the expansion of its strategic partnership with FUCHS Lubricants Co., the world's largest independent lubricant manufacturer, to encompass additional rail markets in South America, Australia and China. This collaboration leverages L.B. Foster's expertise in delivering comprehensive friction management solutions to the global rail industry and FUCHS's manufacturing capabilities, offering top-notch lubrication solutions for railway traffic.
L.B. Foster specializes in providing rail customers with on-board and trackside friction management solutions, and it is a pioneer in Total Friction Management (TFM) solutions for various rail sectors, including freight, passenger and urban transit. TFM represents how L.B. Foster collaborates with railroads worldwide to provide holistic, optimized friction management programs. As a global enterprise, FUCHS develops, manufactures and distributes over 10,000 lubricants and associated services, offering industry-specific solutions for demanding applications.
L.B. Foster and FUCHS are committed to advancing innovation in friction management lubricant products, ultimately delivering substantial benefits to their customers through reduced rail and wheel wear, improved operational efficiency and enhanced safety. This strategic partnership will support the global production of co-branded greases by L.B. Foster and FUCHS in growing international markets while meeting the increasing demands in North America.
This collaboration harnesses the strengths of L.B. Foster's expertise in wheel/rail engineering and FUCHS's prowess in lubricant manufacturing to deliver industry-leading solutions to enhance the global rail sector. Their collective efforts will provide integrated capabilities that position friction modification as a crucial value-added element within the railway industry. This strategic alliance firmly establishes the shared values of trust, respect, reliability and integrity, all geared toward fostering innovation and delivering top-notch service to customers in specific rail markets.
Shares of L.B. Foster have surged 98.4% in the past year against a 56.8% rise of the industry.
Image Source: Zacks Investment Research
FSTR's second-quarter results exceeded expectations, with earnings per share surging to 32 cents, up from the prior year's 18 cents. The figure surpassed the Zacks Consensus Estimate of 28 cents. The company also reported robust revenue growth, up 12.5% year over year increase to $148 million, exceeding the consensus estimate of $140.7 million. FSTR revised its 2023 financial outlook, projecting adjusted EBITDA to range from $28 million to $32 million, up from the initial guidance of $27-$31 million.
The earnings estimate for Westrock’s current year is pegged at $3.02. In the past 60 days, WRK’s current-year earnings estimate has been revised upward by 29%. WRK beat the Zacks Consensus Estimate in three of the last four quarters, with the average earnings surprise being 30.7%. The company’s shares have rallied 14.1% in the past year.
The consensus estimate for Hawkins’ current-year earnings is pegged at $3.40, indicating year-over-year growth of 18.9%. In the past 60 days, HWKN’s current-year earnings estimate has been revised upward by 32.3%. HWKN beat the Zacks Consensus Estimate in all the last four quarters, with the average earnings surprise being 25.6%. The company’s shares have rallied 59.5% in the past year.
The earnings estimate for Alamos’ current year is pegged at 43 cents, indicating a year-over-year growth of 53.6%. The Zacks Consensus Estimate for AGI current-year earnings has been revised 7.5% upward in the past 60 days. The company’s shares have risen roughly 83.8% in the past year.
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L.B. Foster (FSTR) and FUCHS Expand Partnership in Rail Markets
L.B. Foster Company (FSTR - Free Report) , a global provider of technology solutions for the rail and infrastructure sectors, has announced the expansion of its strategic partnership with FUCHS Lubricants Co., the world's largest independent lubricant manufacturer, to encompass additional rail markets in South America, Australia and China. This collaboration leverages L.B. Foster's expertise in delivering comprehensive friction management solutions to the global rail industry and FUCHS's manufacturing capabilities, offering top-notch lubrication solutions for railway traffic.
L.B. Foster specializes in providing rail customers with on-board and trackside friction management solutions, and it is a pioneer in Total Friction Management (TFM) solutions for various rail sectors, including freight, passenger and urban transit. TFM represents how L.B. Foster collaborates with railroads worldwide to provide holistic, optimized friction management programs. As a global enterprise, FUCHS develops, manufactures and distributes over 10,000 lubricants and associated services, offering industry-specific solutions for demanding applications.
L.B. Foster and FUCHS are committed to advancing innovation in friction management lubricant products, ultimately delivering substantial benefits to their customers through reduced rail and wheel wear, improved operational efficiency and enhanced safety. This strategic partnership will support the global production of co-branded greases by L.B. Foster and FUCHS in growing international markets while meeting the increasing demands in North America.
This collaboration harnesses the strengths of L.B. Foster's expertise in wheel/rail engineering and FUCHS's prowess in lubricant manufacturing to deliver industry-leading solutions to enhance the global rail sector. Their collective efforts will provide integrated capabilities that position friction modification as a crucial value-added element within the railway industry. This strategic alliance firmly establishes the shared values of trust, respect, reliability and integrity, all geared toward fostering innovation and delivering top-notch service to customers in specific rail markets.
Shares of L.B. Foster have surged 98.4% in the past year against a 56.8% rise of the industry.
Image Source: Zacks Investment Research
FSTR's second-quarter results exceeded expectations, with earnings per share surging to 32 cents, up from the prior year's 18 cents. The figure surpassed the Zacks Consensus Estimate of 28 cents. The company also reported robust revenue growth, up 12.5% year over year increase to $148 million, exceeding the consensus estimate of $140.7 million. FSTR revised its 2023 financial outlook, projecting adjusted EBITDA to range from $28 million to $32 million, up from the initial guidance of $27-$31 million.
Other Key Picks
FSTR currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the basic materials space are WestRock Company (WRK - Free Report) and Hawkins, Inc. (HWKN - Free Report) , both sporting a Zacks Rank #1 (Strong Buy), and Alamos Gold Inc. (AGI - Free Report) , carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The earnings estimate for Westrock’s current year is pegged at $3.02. In the past 60 days, WRK’s current-year earnings estimate has been revised upward by 29%. WRK beat the Zacks Consensus Estimate in three of the last four quarters, with the average earnings surprise being 30.7%. The company’s shares have rallied 14.1% in the past year.
The consensus estimate for Hawkins’ current-year earnings is pegged at $3.40, indicating year-over-year growth of 18.9%. In the past 60 days, HWKN’s current-year earnings estimate has been revised upward by 32.3%. HWKN beat the Zacks Consensus Estimate in all the last four quarters, with the average earnings surprise being 25.6%. The company’s shares have rallied 59.5% in the past year.
The earnings estimate for Alamos’ current year is pegged at 43 cents, indicating a year-over-year growth of 53.6%. The Zacks Consensus Estimate for AGI current-year earnings has been revised 7.5% upward in the past 60 days. The company’s shares have risen roughly 83.8% in the past year.