L.B. Foster Reports Q4 EPS of $0.60 vs. $0.60

L.B. Foster Company FSTR today reported that 2010 fourth quarter net income increased by 59.5% to $6.2 million or $0.60 per diluted share, compared to $3.9 million or $0.38 per diluted share in the fourth quarter of 2009. Included in the fourth quarter 2010 results was a $1.4 million gain ($0.08 per diluted share) on shares of Portec Rail Products, Inc. held by the Company. Fourth quarter 2010 net sales increased 40.7% to $148.0 million compared to $105.2 million in the prior year quarter.