L B Foster Co
F:LB1A

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L B Foster Co Logo
L B Foster Co
F:LB1A
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Price: 35 EUR -4.37% Market Closed
Market Cap: €377.6m

L B Foster Co
Investor Relations

L.B. Foster makes and sells products used to build, maintain, and monitor rail and infrastructure systems. Its core business is tied to railroads and transit networks, where it supplies items such as track components, rail technologies, and products that help keep trains running safely and efficiently. It also works with infrastructure customers that need specialized materials and engineered parts for bridges, construction, and industrial projects. The company sells to rail operators, transit agencies, contractors, and other industrial customers. It makes money by manufacturing and distributing these products and by providing related services such as installation support, maintenance, and technical solutions. In other words, it sits in the middle of the supply chain: it turns specialized engineering know-how into the hardware and services that keep rail and heavy infrastructure working. What makes the business model different is that much of its demand is tied to long-life infrastructure rather than consumer spending. Customers buy from L.B. Foster because its products must fit strict technical requirements and perform reliably in harsh, high-use environments. That gives the company a niche role as a specialist supplier in rail and infrastructure, where product quality, compliance, and service matter as much as price.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 4, 2026
AI Summary
Q1 2026

Strong quarter: L.B. Foster said first-quarter sales rose 23.9% to $121.1 million, with EBITDA up 183% as profitability improved across both segments.

Rail rebound: Rail led the quarter, with sales up 38.4% as demand normalized after last year’s weak start tied to delayed government funding.

Margins improved: Gross margin increased 60 basis points to 21.2%, while SG&A fell to 19% of sales, helping lift profitability.

Guidance steady: Management reaffirmed full-year 2026 guidance and said it will revisit the outlook after the second quarter.

Backlog mixed: Orders and backlog were lower year over year, mainly because of Infrastructure declines tied to Pipeline Coatings and the Summit cancellation, though April order intake was described as strong.

Cash and leverage better: Net debt fell and gross leverage was cut to 1.2x, with management highlighting improved cash generation and a lower working-capital need.

Cost pressure emerging: Fuel charges in freight are starting to rise, especially in Infrastructure, but management said it is using pricing actions to offset the pressure.

Key Financials
Net sales
$121.1 million
Gross margin
21.2%
SG&A expenses
$23 million
SG&A as a percentage of sales
19%
EBITDA
$5.2 million
Consolidated backlog
$209.6 million
Net debt
$55.7 million
Gross leverage ratio
1.2x
Capital spending
$3 million
Rail sales
$74.8 million
Rail margins
21.6%
Infrastructure margins
20.6%
Infrastructure backlog
$107.4 million
Trailing 12-month book-to-bill ratio
0.95:1
Rail trailing 12-month book-to-bill ratio
1.03:1
Infrastructure trailing 12-month book-to-bill ratio
0.84:1
Trailing 12-month sales
$563.4 million
Trailing 12-month adjusted EBITDA
$42.4 million
April backlog addition
About 15%
Stock repurchases
Just over 1 million shares
Earnings Call Recording
Other Earnings Calls

Management

Mr. John F. Kasel
President, CEO & Director
No Bio Available
Mr. William M. Thalman
Executive VP & CFO
No Bio Available
Mr. Brian H. Kelly
Executive Vice President of Human Resources & Administration
No Bio Available
Mr. Patrick J. Guinee Esq.
Executive VP, General Counsel & Corporate Secretary
No Bio Available
Mr. Sean M. Reilly CPA
Corporate Controller & Principal Accounting Officer
No Bio Available
Mr. Peter David-Vaughan Jones
Senior Vice President of UK Services & Solutions
No Bio Available
Ms. Stephanie Listwak
Investor Relations Manager
No Bio Available
Jake Fuellhart
Marketing & Communications Manager
No Bio Available
Mr. Gregory W. Lippard
Senior Vice President of Rail, Technologies & Services
No Bio Available
Mr. Brian Hunter Friedman
Senior VP & Chief Growth Officer
No Bio Available

Contacts

Address
PENNSYLVANIA
Pittsburgh
415 Holiday Dr
Contacts
+14129283431.0
www.lbfoster.com
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