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L.B. Foster Company provides engineered and manufactured products and services for building and supporting infrastructure in the United States, Canada, the United Kingdom, and internationally. It operates in two segments: Rail, Technologies, and Services; and Infrastructure Solutions. The Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors, as well as new and used rails; rail accessories, such as track spikes, bolts, angle bars, tie plates, and other products; insulated rail joints and related accessories; fixation fasteners, coverboards, and special accessories; power rail; and trackwork products. This segment also provides friction management products and application systems; mobile and wayside systems; railroad condition monitoring systems and equipment including wheel impact load detection systems, wayside data collection and management systems, and rockfall, flood, earthworks, and bridge strike monitoring; and aftermarket services. The Infrastructure Solutions segment manufactures precast concrete products, including restrooms, concession stands, and other protective storage buildings under the CXT brand for national, state, and municipal parks; and sound walls, bridge beams, and other wet/dry utilities concrete products. This segment also provides steel bridge products; corrosion protection solutions; cuts, threads, and paints pipes; threading services for oil and gas production; fabricated steel and aluminum products; and protective pipeline coating services. L.B. Foster Company was founded in 1902 and is headquartered in Pittsburgh, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $540M | $35M | $8M | $25M | 4.3% | 1.7% | -82.4% |
| 2024 | $531M | $34M | $43M | $13M | 24.0% | -2.4% | 2833.5% |
| 2023 | $544M | $22M | $1M | $32M | 1.0% | 9.3% | - |
| 2022 | $497M | $9M | $-46M | $-18M | -33.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 497.50 | 543.74 | 530.76 | 540.01 |
| Cost Of Revenue | 407.89 | 431.70 | 412.70 | 426.26 |
| Gross Profit | 89.61 | 112.04 | 118.06 | 113.75 |
| Operating Expense | 88.80 | 102.94 | 101.03 | 91.87 |
| Operating Income | 0.81 | 9.11 | 17.04 | 21.89 |
| EBITDA | 9.12 | 21.73 | 33.52 | 34.76 |
| EBIT | -5.66 | 6.47 | 19.44 | 22.30 |
| Pretax Income | -9 | 0.94 | 14.45 | 17.42 |
| Tax Provision | 36.68 | -0.35 | -28.40 | 10 |
| Net Income | -45.56 | 1.46 | 42.95 | 7.54 |
| Net Income Common Stockholders | -45.56 | 1.46 | 42.95 | 7.54 |
| Total Expenses | 496.69 | 534.64 | 513.73 | 518.12 |
| Interest Expense | 3.34 | 5.53 | 4.99 | 4.89 |
| Selling General And Administration | 82.66 | 97.62 | 96.40 | 88.56 |
| Normalized EBITDA | 16.76 | 24.67 | 31.62 | 34.91 |
| Normalized Income | -39.53 | 3.78 | 41.45 | 7.66 |
| Basic EPS | -4.25 | 0.14 | 4.01 | 0.73 |
| Diluted EPS | -4.25 | 0.13 | 3.89 | 0.69 |
| Tax Effect Of Unusual Items | -1.60 | -0.62 | 0.40 | -0.03 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | -7.64 | -2.94 | 1.90 | -0.15 |
| Total Unusual Items Excluding Goodwill | -7.64 | -2.94 | 1.90 | -0.15 |
| Net Income From Continuing Operation Net Minority Interest | -45.56 | 1.46 | 42.95 | 7.54 |
| Reconciled Depreciation | 14.78 | 15.26 | 14.08 | 12.45 |
| Reconciled Cost Of Revenue | 399.25 | 421.75 | 403.25 | 417.11 |
| Net Interest Income | -3.34 | -5.53 | -4.99 | -4.89 |
| Net Income From Continuing And Discontinued Operation | -45.56 | 1.46 | 42.95 | 7.54 |
| Total Operating Income As Reported | -7.21 | 9.11 | 20.51 | 21.89 |
| Diluted Average Shares | 10.72 | 10.99 | 11.05 | 10.88 |
| Basic Average Shares | 10.72 | 10.80 | 10.72 | 10.37 |
| Diluted NI Availto Com Stockholders | -45.56 | 1.46 | 42.95 | 7.54 |
| Minority Interests | 0.11 | 0.17 | 0.10 | 0.13 |
| Net Income Including Noncontrolling Interests | -45.68 | 1.30 | 42.84 | 7.42 |
| Net Income Discontinuous Operations | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | -45.68 | 1.30 | 42.84 | 7.42 |
| Other Income Expense | -6.47 | -2.63 | 2.40 | 0.42 |
| Other Non Operating Income Expenses | 1.17 | 0.30 | 0.51 | 0.57 |
| Special Income Charges | -7.20 | -2.86 | 1.74 | 0.07 |
| Gain On Sale Of Ppe | 0.02 | -3.07 | 0 | 0 |
| Gain On Sale Of Business | 0 | 0 | 3.46 | 0.07 |
| Other Special Charges | -0.79 | -0.21 | 1.72 | 0 |
| Impairment Of Capital Assets | 8.02 | 0 | 0 | 0 |
| Gain On Sale Of Security | -0.43 | -0.08 | 0.15 | -0.21 |
| Net Non Operating Interest Income Expense | -3.34 | -5.53 | -4.99 | -4.89 |
| Interest Expense Non Operating | 3.34 | 5.53 | 4.99 | 4.89 |
| Depreciation Amortization Depletion Income Statement | 6.14 | 5.31 | 4.63 | 3.31 |
| Depreciation And Amortization In Income Statement | 6.14 | 5.31 | 4.63 | 3.31 |
| Amortization | 6.14 | 5.31 | 4.63 | 3.31 |
| Amortization Of Intangibles Income Statement | 6.14 | 5.31 | 4.63 | 3.31 |
| Operating Revenue | 497.50 | 543.74 | 530.76 | 540.01 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| L.B. Foster Companythis co. | FSTR | $320M | 44.36↑ premium | 1.77 | 4.3% | 10.12 |
| Kelly Services, Inc. | KELYA | $351M | - | 0.34 | -26.0% | 4.73 |
| Wabash National Corporation | WNC | $339M | 1.64 | 0.92 | 57.4% | 2.07 |
| Omega Flex, Inc. | OFLX | $339M | 22.82 | 4.02 | 17.6% | 15.85 |
| SBC Medical Group Holdings Incorporated | SBC | $339M |
| 6.60 |
| 1.36 |
| 19.4% |
| 3.44 |
| Tredegar Corporation | TG | $327M | 13.67 | 1.48 | 15.5% | 6.25 |
| AerSale Corporation | ASLE | $313M | 36.83 | 0.74 | 2.0% | 12.77 |
| Energy Services of America Corporation | ESOA | $303M | 124.92 | 4.45 | 0.6% | 14.70 |
| Aspen Aerogels, Inc. | ASPN | $299M | - | 1.27 | -165.4% | -45.85 |
| Peer Median | - | 18.24 | 1.32 | 8.7% | 5.49 | |