Pittsburgh, Pennsylvania-based L.B. Foster Company, a manufacturer, fabricator, and distributor of products and services for rail, construction energy and utility markets, reported net income of $6.4 million in Q2, compared to $6 million in Q2 2010. Q2 bookings were $128.3 million compared to $120.6 million last year, however, excluding bookings from L.B. Foster's subsidiary Portec Rail Products, bookings declined year-on-year.
For the first half of 2011, net income was $7.1 million, down from $7.7 million in Q2 2010. And due to the inclusion of Portec Rail Product sales, net sales in the January to June period increased by $89.3 million or 44.3 percent.