L.B. Foster Company Financial Ratios — FSTR Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	9.37	6.16	10.3	8.26	-14.83	-69.02	3.83	-23.94	31.29	4.7	2.17	-31.19	1.18	29.37	4.4
Return on Assets (%)	6.04	4.12	7.15	5.67	-8.4	-29.52	1.35	-7.94	10.8	1.96	1.02	-12.87	0.43	13.28	2.27
Return on Capital (%)	9.4	6.24	10.41	8.03	- -	- -	3.4	- -	- -	- -	2.72	- -	- -	- -	4.12
Return on Invested Capital (%)	7.67	4.21	9.16	7.2	- -	- -	3.3	- -	- -	- -	1.47	- -	- -	- -	3.88
Gross Margin (%)	17.1	15.68	19.39	20.03	21.4	18.69	19.62	19.53	19.62	19.1	16.8	18.01	20.61	22.24	21.06
EBITDA Margin (%)	7.44	6.05	8.62	8.18	8.88	3.78	7.01	6.68	7.52	5.87	3.57	3.13	4.48	5.86	6.36
Operating Margin (%)	5.36	3.85	6.95	6.11	4.61	-1.07	3.31	4.09	5.19	3.14	0.87	0.16	1.67	3.21	4.05
Incremental Operating Margin (%)	-0.37	-61.76	200.74	-48.64	-48.02	- -	43.4	13.45	23.22	13.73	-68.86	22.71	17.94	-61.09	52.46
Pretax Margin (%)	5.68	4.05	7.38	6.43	-8.1	-30.44	1.87	-4.23	3.92	2.81	0.89	-1.81	0.17	2.72	3.23
Profit Margin (%)	3.98	2.75	4.9	4.23	-7.12	-29.3	1	-5.36	6.91	1.52	0.71	-9.16	0.27	8.09	1.4
Net Income to Common Margin (%)	3.98	2.75	4.9	4.23	-7.12	-29.3	1	-5.36	6.91	1.52	0.71	-9.16	0.27	8.09	1.4
Effective Tax Rate (%)	33.82	48.19	33.64	34.32	- -	- -	46.66	- -	- -	- -	24.38	- -	- -	- -	57.4
Dvd Payout Ratio (%)	4.73	8.33	4.23	5.24	-3.73	-0.88	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	8.93	5.65	9.86	7.83	-15.38	-69.63	3.83	-23.94	31.29	4.7	2.17	-31.19	1.18	29.37	4.4

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	2	- -	- -	26	169	160	130	75	67	59	44	106	67	62	67
ST Debt	2	- -	- -	1	1	10	1	1	3	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	26	167	149	129	74	64	58	43	106	67	61	67
Total Debt/EBITDA	0.06	- -	- -	0.53	3.04	8.72	3.46	1.93	1.45	2	2.37	6.8	2.75	1.98	1.95
Net Debt/EBITDA	-1.66	-2.85	-1.25	-0.52	2.44	7.06	2.46	1.67	0.95	1.28	1.14	5.71	2.16	1.43	1.12
Total Debt/EBIT	0.08	- -	- -	0.71	5.87	-30.72	7.32	3.16	2.1	3.74	9.74	130.92	7.37	3.62	3.06
Net Debt/EBIT	-2.31	-4.48	-1.55	-0.69	4.71	-24.87	5.2	2.72	1.38	2.4	4.67	109.87	5.79	2.61	1.75
EBITDA to Interest Expense	68.84	65.74	106.34	96.99	12.66	2.79	4.66	6.32	9.44	7.77	6.21	4.67	4.41	6.23	7.02
EBITDA-CapEx/Interest Expense	68.84	65.74	106.34	96.99	12.66	2.79	4.66	6.32	9.44	7.77	6.21	4.67	4.41	6.23	7.02
EBIT to Interest Expense	49.54	41.8	85.71	72.43	6.57	-0.79	2.2	3.87	6.51	4.16	1.51	0.24	1.65	3.41	4.48
Interest Expense	1	1	- -	1	4	7	8	6	5	4	3	3	6	5	5
Common Equity/Total Assets	67.19	66.59	72.15	65.64	48.83	34.04	36.32	29.86	38.91	44.61	49.28	33.75	39.93	50.12	53.04
Long-Term Debt/Equity (%)	0.02	0.01	0.01	7.67	59.19	111.95	83.7	60.89	37.85	33.04	23.65	76.97	46.93	34.34	37.99
Long-Term Debt/Capital (%)	0.02	0.01	0.01	7.37	37.59	50.85	46.87	39.25	28.6	26.11	20.4	46.1	34.8	26.73	27.52
Long-Term Debt/Total Assets (%)	0.01	0.01	0.01	5.24	29.54	37.96	32.19	19.4	15.87	15.77	12.68	28.99	21.46	18.38	20.24
Total Debt/Equity (%)	0.9	0.02	0.02	7.87	59.67	119.75	84.12	61.4	39.54	33.11	23.71	77.07	47	34.44	38.08
Total Debt/Capital (%)	0.94	0.02	0.02	7.57	37.89	54.4	47.11	39.59	29.88	26.16	20.45	46.16	34.86	26.8	27.58
Total Debt/Total Assets (%)	0.64	0.02	0.01	5.37	29.78	40.6	32.35	19.56	16.58	15.8	12.71	29.03	21.49	18.43	20.29
Net Debt to Equity	-26.42	-35.26	-20.41	-7.62	47.89	96.96	59.73	52.98	25.89	21.18	11.37	64.68	36.9	24.85	21.82
Net Debt/Capital (%)	-38.75	-59.99	-27.6	-8.61	32.86	49.13	38.74	36.12	20.88	17.33	10.31	39.23	27.74	19.55	16.1
EBITDA	43	36	52	50	55	18	38	39	46	29	18	16	24	31	34
EBITDA-CapEx	43	36	52	50	55	18	38	39	46	29	18	16	24	31	34
Operating Income (Loss)	31	23	42	37	29	-5	18	24	32	16	4	1	9	17	22

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.87	1.1	0.86	0.48	0.36	0.37	0.4	0.08	0.12	0.08	0.12	0.03	0.03	0.03	0.05
Current Ratio	2.83	3.01	3.28	2.25	2.34	2.42	2.42	1.83	1.86	2.05	2.08	2	1.77	1.83	1.87
Quick Ratio	1.65	1.75	2.16	1.31	1.22	1.18	1.49	0.99	1.07	1.09	1.19	1.15	0.91	0.95	1.09
CFO/Avg Current Liab	0.34	0.31	0.17	0.72	0.56	0.21	0.45	0.24	0.24	0.16	-0.01	-0.11	0.37	0.25	0.41
Common Equity/Total Assets	67.19	66.59	72.15	65.64	48.83	34.04	36.32	29.86	38.91	44.61	49.28	33.75	39.93	50.12	53.04
Long-Term Debt/Equity (%)	0.02	0.01	0.01	7.67	59.19	111.95	83.7	60.89	37.85	33.04	23.65	76.97	46.93	34.34	37.99
Long-Term Debt/Capital (%)	0.02	0.01	0.01	7.37	37.59	50.85	46.87	39.25	28.6	26.11	20.4	46.1	34.8	26.73	27.52
Long-Term Debt/Total Assets (%)	0.01	0.01	0.01	5.24	29.54	37.96	32.19	19.4	15.87	15.77	12.68	28.99	21.46	18.38	20.24
Total Debt/Equity (%)	0.9	0.02	0.02	7.87	59.67	119.75	84.12	61.4	39.54	33.11	23.71	77.07	47	34.44	38.08
Total Debt/Capital (%)	0.94	0.02	0.02	7.57	37.89	54.4	47.11	39.59	29.88	26.16	20.45	46.16	34.86	26.8	27.58
Total Debt/Total Assets (%)	0.64	0.02	0.01	5.37	29.78	40.6	32.35	19.56	16.58	15.8	12.71	29.03	21.49	18.43	20.29
CFO/Total Liabilities	27.96	22.89	14.55	42.83	19.79	7.09	15.92	9.94	12.45	8.74	-0.67	-4.64	21.79	14.55	23.07
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	5.7	6.12	7.44	6.03	3.88	2.88	3.63	3.38	3.61	3.37	3.56	2.83	4.04	4.27	4.39

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	8.57	9.57	7.68	6.5	7.48	6.86	7.67	7.14	7.72	7.54	8.99	7.19	8	8.96	7.42
Days Sales Outstanding	42.59	38.13	47.55	56.16	48.82	53.18	47.59	51.1	47.29	48.4	40.58	50.76	45.63	40.73	49.18
Inventory Turnover	5.3	5.05	5.24	5.65	5.13	4.38	5.37	5.34	5.53	5.03	6.04	5.89	5.8	5.75	6.52
Days Inventory Outstanding	68.81	72.29	69.69	64.66	71.19	83.39	68.01	68.39	66.02	72.58	60.43	62.01	62.92	63.51	55.97
Accounts Payable Turnover	10.05	10.31	9.31	8.85	8	8.12	9.44	7.47	6.78	6.78	8.56	9.33	9.72	9.16	8.11
Accounts Payable Turnover Days	36.32	35.39	39.21	41.22	45.6	44.93	38.68	48.87	53.82	53.81	42.66	39.12	37.55	39.87	45.01
Cash Conversion Cycle	75.08	75.03	78.03	79.59	74.42	91.64	76.91	70.62	59.49	67.18	58.35	73.65	71	64.37	60.14
Inventory to Cash Days	-26.23	-34.16	-22.14	-8.5	-22.37	-30.2	-20.42	-17.29	-18.73	-24.19	-19.85	-11.25	-17.29	-22.78	-6.79
Inventories	89	107	77	95	96	83	77	98	81	79	63	76	73	71	60
Raw Materials	20	20	19	22	19	18	18	22	19	13	28	25	24	27	26
Work In Process	8	18	11	16	20	22	4	7	4	5	11	10	5	7	5
Finished Goods	72	79	55	65	63	47	56	69	59	61	24	41	45	37	30
Other Inventory	- -	- -	- -	- -	- -	- -	5	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	289	440	481	497	140	140	281	165	202	159	146	104	237	288	280
- Cash & Cash Equivalents	74	101	65	52	33	30	38	10	14	8	10	3	3	2	4
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	1	1	1
+ Total Debt	2	- -	- -	26	169	160	130	75	67	59	44	106	67	62	67
Enterprise Value	218	338	417	471	276	269	373	229	255	210	180	207	303	348	343
Total Capital	258	270	299	349	445	293	276	189	225	224	213	230	193	230	243
Total Debt/Capital (%)	0.94	0.02	0.02	7.57	37.89	54.4	47.11	39.59	29.88	26.16	20.45	46.16	34.86	26.8	27.58
Total Debt / EV	0.01	- -	- -	0.06	0.61	0.59	0.35	0.33	0.26	0.28	0.24	0.51	0.22	0.18	0.2
EV/Sales	0.38	0.57	0.7	0.78	0.44	0.56	0.7	0.39	0.41	0.42	0.35	0.42	0.56	0.66	0.64
EV/EBITDA	5.08	9.5	8.08	9.49	4.97	14.7	9.92	5.92	5.49	7.18	9.79	13.3	12.42	11.19	9.99
EV/EBIT	7.06	14.94	10.02	12.7	9.58	- -	21.01	9.66	7.97	13.41	40.2	255.99	33.25	20.44	15.67
EV/Cash Flow to Firm	6.97	12.34	28.78	7.02	4.59	10.88	8.54	6.83	6.52	8.78	153.32	32.49	6.79	9.3	9.1
EV/Free Cash Flow to Firm	6.97	12.34	28.78	7.02	4.59	10.88	8.54	6.83	6.52	8.78	153.32	32.49	6.79	9.3	9.1
Diluted Market Cap	292	445	485	502	140	140	285	165	206	161	148	104	242	297	293
Diluted Enterprise Value	220	343	421	476	276	269	377	229	259	212	182	207	307	357	357
EV per Share	21.31	33.42	40.94	46.07	26.87	26.18	36.08	22.14	24.47	19.89	16.92	19.34	28.04	32.49	33.06
TTM Sales	575	589	598	607	625	484	536	581	616	497	514	497	544	531	540
TTM EBITDA	43	36	52	50	55	18	38	39	46	29	18	16	24	31	34
TTM Operating Income	31	23	42	37	29	-5	18	24	32	16	4	1	9	17	22
TTM Cash Flow to Firm	31	27	14	67	60	25	44	34	39	24	1	6	45	37	38
TTM Free Cash Flow to Firm	31	27	14	67	60	25	44	34	39	24	1	6	45	37	38

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	9.48	16.38	34.28	7.52	2.49	7.59	7.23	6.35	7.04	9.49	-139.08	-9.81	6.54	13.13	8.23
EV/EBIT	7.06	14.94	10.02	12.7	9.58	- -	21.01	9.66	7.97	13.41	40.2	255.99	33.25	20.44	15.67
Enterprise Value	218	338	417	471	276	269	373	229	255	210	180	207	303	348	343
Low Price	16.48	25.05	37.97	40.09	10.1	8.8	11.8	13.91	15.25	7.96	12.62	9	9.62	14.23	17.16
EV/Sales	0.38	0.57	0.7	0.78	0.44	0.56	0.7	0.39	0.41	0.42	0.35	0.42	0.56	0.66	0.64
EV/EBITDA	5.08	9.5	8.08	9.49	4.97	14.7	9.92	5.92	5.49	7.18	9.79	13.3	12.42	11.19	9.99
Price/Earnings	12.61	27.17	16.43	19.36	- -	- -	52.34	- -	4.74	20.92	40.28	- -	162.21	6.72	37.05
Price/Earnings Average	14.56	19.79	15.45	19.38	-7.11	-0.93	35.85	-7.59	5.1	20.05	48.93	-3.05	111.64	5.84	33.18
Price/Earnings High	19.65	27.42	17.37	22.61	-12	-1.51	52.91	-10.07	6.8	28.51	57.04	-3.8	166.41	7.68	40.45
Price/Earnings Low	7.35	15.67	13.19	15.98	-2.33	-0.64	22.75	-4.62	3.73	11.07	36.98	-2.12	70.98	3.55	23.59
Price/Book Value	1.13	1.63	1.61	1.54	0.51	1.04	1.92	1.44	1.28	0.96	0.87	0.84	1.9	1.72	1.6
Price/Book Value Average	1.31	1.18	1.52	1.54	1.14	0.99	1.32	2.07	1.38	0.92	1.05	1.13	1.31	1.5	1.43
Price/Book Value High	1.76	1.64	1.7	1.8	1.93	1.59	1.94	2.74	1.84	1.31	1.22	1.4	1.95	1.97	1.74
Price/Book Value Low	0.66	0.94	1.29	1.27	0.37	0.68	0.84	1.26	1.01	0.51	0.79	0.78	0.83	0.91	1.02
Price/Tangible Book Value	1.56	2.13	2.33	2.91	2.12	2.75	3.63	3.11	1.86	1.33	1.1	1.25	2.6	2.18	2.13
Price/Tangible Book Value Average	1.79	1.55	2.19	2.91	4.78	2.61	2.49	4.46	2.01	1.27	1.34	1.67	1.79	1.89	1.91
Price/Tangible Book Value High	2.42	2.15	2.46	3.4	8.06	4.2	3.67	5.92	2.68	1.81	1.56	2.09	2.67	2.49	2.32
Price/Tangible Book Value Low	0.91	1.23	1.87	2.4	1.56	1.78	1.58	2.72	1.47	0.7	1.01	1.16	1.14	1.15	1.35
Price/Sales	0.5	0.75	0.8	0.82	0.22	0.29	0.52	0.28	0.33	0.32	0.28	0.21	0.44	0.54	0.52
Price/Sales Average	0.58	0.54	0.76	0.82	0.51	0.27	0.36	0.41	0.35	0.31	0.35	0.28	0.3	0.47	0.46
Price/Sales High	0.78	0.75	0.85	0.96	0.85	0.44	0.53	0.54	0.47	0.43	0.4	0.35	0.45	0.62	0.57
Price/Sales Low	0.29	0.43	0.65	0.68	0.17	0.19	0.23	0.25	0.26	0.17	0.26	0.19	0.19	0.29	0.33
Price/Cash Flow	9.38	16.21	33.99	7.44	2.49	7.59	7.13	6.35	6.89	9.38	-137.41	-9.81	6.43	12.74	7.85
Price/Cash Flow Average	10.83	11.8	31.96	7.45	5.62	7.19	4.88	9.11	7.41	8.98	-166.89	-13.15	4.42	11.08	7.03
Price/Cash Flow High	14.61	16.36	35.94	8.69	9.49	11.59	7.2	12.09	9.88	12.78	-194.57	-16.37	6.59	14.58	8.57
Price/Cash Flow Low	5.47	9.35	27.29	6.14	1.84	4.91	3.1	5.55	5.42	4.96	-126.15	-9.12	2.81	6.74	5
Price/Free Cash Flow Average	10.94	11.93	32.23	7.53	5.62	7.19	4.95	9.11	7.58	9.1	-168.92	-13.15	4.5	11.42	7.37
Price/Free Cash Flow High	14.76	16.54	36.24	8.78	9.49	11.59	7.31	12.09	10.1	12.94	-196.93	-16.37	6.71	15.02	8.99
Price/Free Cash Flow Low	5.52	9.45	27.52	6.21	1.84	4.91	3.14	5.55	5.54	5.02	-127.68	-9.12	2.86	6.95	5.24
EV/Sales Average	0.46	0.37	0.65	0.78	0.72	0.54	0.53	0.52	0.44	0.41	0.41	0.49	0.42	0.59	0.58
EV/Sales High	0.66	0.58	0.74	0.91	1.07	0.71	0.7	0.65	0.56	0.54	0.47	0.56	0.57	0.73	0.68
EV/Sales Low	0.17	0.26	0.54	0.63	0.38	0.45	0.4	0.36	0.34	0.27	0.33	0.4	0.31	0.4	0.45
EV/EBITDA Average	6.12	6.14	7.52	9.5	8.14	14.3	7.57	7.77	5.83	6.95	11.5	15.56	9.39	9.98	9.14
EV/EBITDA High	8.84	9.61	8.61	11.16	12.06	18.72	10	9.76	7.39	9.15	13.1	17.75	12.68	12.53	10.73
EV/EBITDA Low	2.26	4.27	6.24	7.74	4.31	12	5.7	5.38	4.57	4.62	9.14	12.83	6.94	6.83	7.03
EV/EBIT Average	8.5	9.66	9.33	12.72	15.7	-50.35	16.03	12.68	8.45	12.98	47.21	299.54	25.12	18.23	14.34
EV/EBIT High	12.29	15.12	10.68	14.95	23.25	-65.94	21.18	15.94	10.71	17.09	53.79	341.61	33.92	22.88	16.84
EV/EBIT Low	3.15	6.72	7.74	10.36	8.31	-42.27	12.07	8.79	6.62	8.63	37.52	246.99	18.58	12.47	11.03
Last Price	28.29	43.44	47.29	48.57	13.66	13.6	27.15	15.9	19.38	15.05	13.75	9.68	21.99	26.9	26.95
High Price	44.06	43.85	50	56.72	52	20.77	27.45	30.3	27.8	20.51	19.47	16.15	22.56	30.77	29.42
Enterprise Value Average	262	219	388	472	451	262	284	301	270	203	211	243	229	311	314
Enterprise Value High	379	343	444	554	669	343	376	379	342	267	241	277	309	390	369
Enterprise Value Low	97	152	322	384	239	220	214	209	212	135	168	200	169	212	241

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	9	10	10	10	10	10	10	10	10	11	11	11	11	11	10
Diluted Weighted Avg Shares	10	10	10	10	10	10	10	10	11	11	11	11	11	11	11
Basic Weighted Avg Shares	10	10	10	10	10	10	10	10	10	11	11	11	11	11	10
Revenue per Share	56.36	58.13	58.77	59.38	60.91	47.07	51.9	56.08	59.21	47.19	48.35	46.41	50.35	49.51	52.05
EBITDA per Share	4.19	3.52	5.07	4.86	5.41	1.78	3.64	3.74	4.45	2.77	1.73	1.45	2.26	2.9	3.31
Operating Income per Share	3.02	2.24	4.09	3.63	2.8	-0.51	1.72	2.29	3.07	1.48	0.42	0.08	0.84	1.59	2.11
Basic EPS, GAAP	2.24	1.6	2.88	2.51	-4.33	-13.79	0.52	-3.01	4.09	0.72	0.34	-4.25	0.14	4.01	0.73
Basic EPS from Cont Ops	2.12	1.22	2.88	2.51	-4.33	-13.79	0.52	-2.95	4.61	2.45	0.33	-4.26	0.12	4	0.72
Diluted EPS, GAAP	2.22	1.58	2.85	2.48	-4.33	-13.79	0.51	-3.01	4	0.71	0.34	-4.25	0.13	3.89	0.69
Diluted EPS from Cont Ops	2.1	1.21	2.85	2.48	-4.33	-13.79	0.51	-2.95	4.51	2.42	0.32	-4.26	0.12	3.88	0.68
Dividend per Share	0.1	0.1	0.12	0.13	0.16	0.12	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	3.02	2.68	1.39	6.53	5.48	1.79	3.81	2.51	2.81	1.61	-0.1	-0.99	3.42	2.11	3.43
Free Cash Flow per Basic Share	3.02	2.68	1.39	6.53	5.48	1.79	3.81	2.51	2.81	1.61	-0.1	-0.99	3.42	2.11	3.43
Cash & Equivalents per Share	7.22	10.02	6.35	5.09	3.25	2.96	3.65	0.99	1.36	0.72	0.98	0.27	0.24	0.23	0.42
Book Value per Share	25	26.71	29.33	31.57	26.98	13.02	14.12	11.04	15.14	15.68	15.89	11.5	11.55	15.64	16.89
Tangible Book Value per Share	18.19	20.36	20.32	16.7	6.45	4.95	7.48	5.12	10.39	11.35	12.47	7.75	8.45	12.34	12.67

L.B. Foster Company

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)