L.b. foster company reports tempered second quarter results after strong first quarter; updates 2024 financial guidance and stock repurchase program; continues enterprise restructuring aligned with growth strategy

Second quarter net sales of $140.8 million down 4.9% year over year (organic 1 down 3.4% ); net sales up 13.3% sequentially over the first quarter. gross profit of $30.5 million down 5.4% year over year; gross margins were flat at 21.7%.

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