Good day ladies and gentlemen and welcome to the Third Quarter 2013 L.B. Foster Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we’ll facilitate a question-and-answer session. (Operator Instructions) As a reminder, this conference is being recorded for replay purposes. I would now like to turn the call over to Mr. David Russo, Chief Financial Officer. You may begin.

Thank you, Francis. Good morning ladies and gentlemen. Thank you for joining us for L.B. Foster Company’s earnings conference call to review the company’s third quarter 2013 operating results. My name is David Russo, and I am the Chief Financial Officer of L.B. Foster. Hosting the call today is Mr. Robert Bauer, L.B. Foster’s President and CEO. This morning, Bob will provide an overview of the company’s third quarter performance, give an update on business issues and discuss market conditions. Afterward I will review the company’s third quarter financial performance and then we will open up the session for questions. Means to access this conference call via webcast were disclosed in our earnings press release and were posted on the L.B. Foster Company website under the Investor Relations page. This webcast will be archived and available for seven days. During today’s call, our commentary and responses to your questions may contain forward-looking statements including items such as the company’s outlook for our markets in 2013 and beyond, cash flows, margins and capital expenditures. These statements involve the number of risks and uncertainties that could cause actual results to differ materially. These forward-looking statements reflect our opinions only as of the date of this presentation and we undertake no obligation to revise or publically release the results of any revisions to these statements in light of new information or future events. All participants are encouraged to refer to L.B. Foster’s Annual Report on Form 10-K for the year ended December 31, 2012, as well as to other documents filed with the Securities and Exchange Commission for additional information about L.B. Foster and to learn more about the Risk Factors that may affect our results. With that, we will commence our discussion and I will turn it over to Bob Bauer.

Thank you, Dave and good morning everyone, thank you for joining us. We reported earnings of $0.95 per share today bringing our year-to-date earnings to $2.15 as we run through the financial summary you’ll see that our company continues to perform well, the gross profit margins are holding up and our balance sheet remains strong. On a positive note construction piling orders are now running well above last year’s level following the changing order patterns that we discussed last quarter when at the same time we also described delays in spending for coated pipe that would unfavorably affect our Tubular segment business. I’ll begin by summarizing the key results from Q3 the way I’ll do this is I think there is really three key takeaways from our operating results. First construction orders have been positive now for two quarters and are well ahead of prior year levels, the upturn arrived two quarters later than we originally bought but it’s finally improved and it’s helping contribute to company profits. The second point lower than expected order input for coated products from pipeline customers it started in the second quarter resulted in much lower sales volume for Tubular products which has an unfavorable impact on profit margins. So Tubular segment margins which were better than the company average and losing volume in this segment is difficult for us to offset. Third and finally our Rail business continues to perform well, profit margins remain solid and the third quarter gross profit margins were 60 basis points better than prior year adjusted results suggested for the concrete tie charges. Although we aren’t really seeing growth in capital spending with strong enough to offset the declines we expected this year in concrete tie sales and our track components products. Those are kind of the three…

Thank you, Bob. In order to frame up our discussion today, I would note that L.B. Foster’s third quarter 2012 results contained a $3 million warranty charge, which was included in our cost of sales. This charge was an addition to a $19 million charge recorded in the second quarter of 2012 and as I’m sure everyone knows these charges were related to a product warranty claim regarding concrete ties manufactured at our Grand Island, Nebraska facility, which was closed in the first quarter of 2011. Well my discussion would focus primarily on our GAAP results, when we feel that beneficial to the audience, I will refer to adjusted results, which assumes the exclusion of these adjustments in order to present another look at quarter-to-quarter and nine months-to-nine month comparative results. So I will begin with sales for the third quarter of 2013, which were $162.2 million, compared to a $170.3 million in the prior year a 4.8% decrease. The sales reduction was due to a 45% decline in Tubular segment sales and a 4.9% decrease in Rail segment sale, partially offset by 7.3% increase in Construction segment sales. The Rail segment sales decline, as Bob mentioned was due principally to a reduction in concrete ties sales and reduced rail distribution sales, partially offset by nice improvement in our transit product sales and the strong performance by our Allegheny Rail Products division. The Tubular segment sales decrease was due to volume related declines in our Coated Products division. The Construction segment sales improvements was due principally to stronger piling sales and to a lesser extent concrete buildings, partially offset by a reduction in sales of our fabricated bridge products. On a year-to-date basis, consolidated sales were down slightly as Tubular sales declined 7.7%, Rail decreased only slightly by 0.4% and…

Thank you. (Operator Instructions) And our first question is from the line of Robert Kosowsky from Sidoti. You may begin. Robert Kosowsky – Sidoti & Company: Hi, good morning guys how are you doing?

Good morning Rob.

Good morning, Rob. Robert Kosowsky – Sidoti & Company: Hi, I just have quick questions on the construction backlog, just wounding what the gross margins looks in there and kind of any commentary on industry pricing potentially on the particularly on the piling side? And also just on what kind of piling projects you’re seeing now for a bid?

Well, we normally do keep track closely of the gross margin in that business. It’s not something that I would put in a forecast. I would tell you though that as just generally the convictions of that business aren’t really changing that the margins going forward should be consistent what the way we’ve been performing. Pricing has been stable in the marketplace. I think a number people would predict it maybe going out into the future that steel prices might begin to move up. I think it’s a bit difficult to speculate on that right now or certainly capacity out there in the industry. But for the coming quarter or so, I don’t really think the conditions are going to change much. Robert Kosowsky – Sidoti & Company: Okay. And then what kind of projects that you’re seeing on the piling side?

Well, they are the typical projects that we always see in the heavy civil construction market. There is projects in sports, there is projects in highways, there is a little bit more expanding from some of these state governments and other government funded projects that are out there. I can’t point at anything or as I would say to you is as unique in anyway from what we’ve historically do. Robert Kosowsky – Sidoti & Company: Okay. And then I finally add some second difficulties. I was wondering if you had mentioned how much revenue was from Honolulu project and what your thoughts are as far as the revenue cadence for the remaining in orders to $40 million or so that $30 million of that?

Yeah, I did make mentioned of the fact that the, it was $4.7 million in Q3 and that we have approximately 10 million scheduled to ship in Q4 and there will still be some shipments in 2014 before we concluded that project. Robert Kosowsky – Sidoti & Company: Okay. Thank you very much and sorry for making you to repeat it.

No problem, thanks Rob.

Your next question will come from the line of Mike Baudendistel from Stifel. Michael Baudendistel – Stifel, Nicolaus & Co., Inc.: Thanks and good morning.

Good morning.

Hi Mike. Michael Baudendistel – Stifel, Nicolaus & Co., Inc.: I’m just wondering on the backlog going down sort of looking for the company overall going down sequentially from the second quarter or third quarter, is that roughly in line with what you would expect seasonally?

Yeah, its matter of fact, if we take a look at the decline from June to September like 10.3% this year and I think it was right around 10.5% last year. Michael Baudendistel – Stifel, Nicolaus & Co., Inc.: Great that makes senses. And then receivables with the commentary there, is that something you expect to reverse from the coming quarters or you expect that this stay a little bit higher?

Well, it will stay a little bit higher for a while until some of these larger projects ramp down Mike. But when you take a look at our discussion has been cash flow, so it compares to change and receivables this year versus the change last year and there’s a lot of factors driving that negative comparison that we started the year in much better shape 2013 in our AR and DSO than we did a year ago and all things like that create that negative comparison when we look at our sales in Q3 this year compared to Q3 of last year. I would tell you that I think our sales will probably, I’m sorry our AR is probably $3 million to $4 million too high but this year I think our AR was only $2.5 million higher than last year. So it’s those changes that create some of that negative comparison and we do need to generate more cash especially we expect to in Q4 from collection of receivables. But I think that will some of that negative comparison will hang around for another three months to six months but it will diminish. Michael Baudendistel – Stifel, Nicolaus & Co., Inc.: Okay, that’s helpful. And on the Tubular business on the coating side is that business becoming any more competitive at all or is it just opens the margin decline was due to the planned improvements that you talked about and maybe lower volume overall?

I wouldn’t describe it from our standpoint that’s really having any changes in the competitive landscape. You might hear something different if you were to talk to people in the pipe business because there is some capacity coming on, from people that are making this field play they might think it’s a little more competitive and in our case including in fact [indiscernible] into the market but in our case, we are coding the pipe. So we are in the converting end of it, and there is always enough competition it keeps some pricing pressure on but I wouldn’t describe it as it changing competitive landscape compared to what we have seen out there now for the last few years. Michael Baudendistel – Stifel, Nicolaus & Co., Inc.: Okay. And how much does the plant improvements cost you in the quarter, given us most of that?

No I really didn’t put a summary of that together but what we did is when we believe that this order input pattern would be short-lived we wanted to hang on to our workforce, we didn’t want to lose the skill we had in that plant we just took the opportunity to perform a good deal of maintenance, we kept several heads on in the factory that you wouldn’t otherwise keep it is just volume related. So with purely a volume issue and I want to think of it this way, we kept our headcount relatively flat in the plant while volume was off considerably. So we expect that volume to come back to up to where the headcount levels are justified. Michael Baudendistel – Stifel, Nicolaus & Co., Inc.: Good and just one final one for me I don’t think I heard you comment on your 2013 guidance that you previously gave for revenue and EPS is that guidance still good and some report?

Yeah, in this particular call we thought that there wasn’t really a need to come back to that subject in fact we’re thinking about just bidding on a routine where we will give a mid-year update which we did last time that whether that as we look at where we are today, we felt was accurate guidance for the balance of the year and nothing new to cause us to change that. Michael Baudendistel – Stifel, Nicolaus & Co., Inc.: Great, thanks very much.

(Operator Instructions) Your next question comes from the line of Ben Oveson from D. A. Davidson. You may begin. Ben V. Oveson – D. A. Davidson & Co.: Good morning.

Good morning, Ben.

Good morning, Ben Ben V. Oveson – D. A. Davidson & Co.: I was just wondering what’s your tax rate would be going forward.

We would expect it to be in the 34.5% to 35% range. Ben V. Oveson – D. A. Davidson & Co.: Okay, thank you. And then one last one on your oil and gas projects, what’s causing those to be delayed?

Well, the best that we put out finger on is these end user are making adjustments in their project schedules and they do that for a variety of reason sometimes its gas prices, some times its inventory, some times they’re trying to time the market with regard to the cost of the product like the actual coated pipe that they’re buying. We believe that there is a all of those things for that play, sometimes their shifting resources between some of the areas where they do this work and we’re stronger in some areas than others. So there is actually number of things that play and I think from our standpoint, we don’t feel like we can point to anyone item that really driving that a delay, but a variety of different things that they wrestle with all the time. And some times what’s goes down like this and sometimes its rocket back up like it was last year. But they can move things around, which sharp changes on us from time-to-time, it’s not uncommon. Ben V. Oveson – D. A. Davidson & Co.: Great, thanks.

At this time, we have no other questions. I’d like to turn the call over back to Mr. Robert Bauer from your closing remarks.

All right, well, it was a brief one. I hope that’s because we are clear and everything is easy to understand. I appreciate you joining us on this quarter and in months like the next time we’ll be talking we will be in 2014. So we’ll look forward and we’ll look forward to laying out some details about how we see 2014 and unfolding at that point. So thanks again for joining us and have a good day.

And ladies and gentlemen, this concludes your presentation. You may now disconnect.