FSTR
L.B. Foster Company29.08
+0.24+0.83%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Backlog surges 15%; normal cadence ahead
Q&A offered reassuring color on 2026's kickoff, with backlog up 15% in January-February across Rail and Infrastructure, shoring up guidance after 2025's lopsided cadence. Management sketched a textbook bell curve for Rail—modest Q1 growth, Q2/Q3 peaks—versus last year's Doge-disrupted start, while Infrastructure builds later. Track monitoring preps new Mark IV and rockfall installs for ramp-up; protective coatings eyes double-digit gains. UK margins improve on run-rate basis post-restructuring. Teams run at capacity. Watch growth platforms' execution.
Key Stats
Market Cap
308.18MP/E (TTM)
64.62Basic EPS (TTM)
0.45Dividend Yield
0%Recent Filings
10-K
FY2025 results
L.B. Foster posted FY2025 net sales of $540M, up 1.7% y/y, with Infrastructure surging 14.9% on precast and steel volume gains while Rail dipped 6.5% from UK weakness and softer rail products. Operating income edged to 4.1% margins amid $4.3M gross profit erosion, yet Q4 UK restructuring and AMH exit sharpened focus—Rail backlog exploded 55% to $97M on multi-year orders. Infrastructure carried the load with 68% operating income growth to $16M; total debt fell to $43M against $111M funding capacity. Q4 share repurchases hit $14M under expanded program. Portland Harbor Superfund exposure lingers.
8-K
Q4 sales hit $160.4M, up 25%
L.B. Foster capped 2025 with Q4 net sales of $160.4 million, up 25.1% year-over-year, fueled by 23.7% Rail and 27.3% Infrastructure gains amid North American demand surge. Adjusted EBITDA soared 89.0% to $13.7 million; debt dropped $16.0 million to $42.8 million at 1.0x leverage. Q4 cash flow generated $22.2 million. 2026 guidance: sales $540-580 million, Adjusted EBITDA $41-46 million.
8-K
Board accepts Jones resignation
L.B. Foster's board accepted Alexander B. Jones's resignation on December 15, 2025, after his December 12 offer, tied to the impending January 2026 expiration of a cooperation agreement with 22NW—no disagreements noted. Board shrank from seven to six members immediately. Smooth transition. CEO Kasel praised Jones's capital allocation expertise; 22NW stays supportive.
8-K
Kelly retirement terms approved
L.B. Foster's Compensation Committee approved a Retirement Agreement for EVP Brian H. Kelly, effective December 31, 2025, following his prior announcement. It accelerates vesting of unvested restricted stock awards and provides pro-rata performance share units, plus 2025 cash incentive and SERP payout if goals met—subject to non-compete and release. Executive exit secured.
8-K
Q3 sales tick up, backlog booms
L.B. Foster posted Q3 sales up 0.6% to $138.3M, with Infrastructure rising 4.4% but Rail dipping 2.2%; Adjusted EBITDA fell 7.9% to $11.4M on lower margins. Backlog swelled 18.4% to $247.4M, fueled by 58.2% Rail surge. Cash gushed $29.2M from operations, slashing gross leverage to 1.6x while repurchasing shares. Q4 eyes 25% sales, 115% EBITDA growth.
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