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L.B. Foster Company (NASDAQ:FSTR), a $279 million market cap company that has delivered an impressive 44% return over the past year, reported that Janet Lee retired from its board of directors on Thursday. According to InvestingPro analysis, the company maintains a GOOD overall financial health score. Following her retirement, the board approved a reduction in its size from eight to seven members, effective immediately.
According to a statement issued in a press release and disclosed in an SEC filing, Lee’s decision to step down was not due to any disagreement with the company’s operations, policies, or practices. The filing states that her retirement was prompted by her recent appointment as General Counsel of Synopsys, Inc., which followed Synopsys’ acquisition of her former employer, ANSYS, Inc., on July 17, 2025. The company noted that the increased responsibilities associated with her new role led to her departure from the board.
L.B. Foster, based in Pittsburgh, is listed on the Nasdaq Global Select Market under the ticker FSTR. The company stated that the board’s reduction in size is directly related to Lee’s retirement.
This information is based on a press release statement included in the company’s recent SEC filing.
In other recent news, L.B. Foster Company reported its second-quarter 2025 earnings, which fell short of analyst expectations. The company announced an earnings per share (EPS) of $0.27, significantly below the anticipated $0.59, resulting in a negative surprise of 54.24%. Revenue figures were also disappointing, with the company generating $143.56 million compared to the expected $146.79 million, marking a 2.2% shortfall. These developments reflect a challenging quarter for L.B. Foster as it struggles to meet financial forecasts. Despite these results, there were no reports of any changes in analyst ratings for the company at this time. Investors will likely be watching closely for any future updates or strategic shifts from the company.
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