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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 | 24.1% | -2.4% | 2833.5% |
| 2023 | $544M | $22M | $1M | $32M | 1.0% | 9.3% | -103.2% |
| 2022 | $497M | $9M | $-46M | $-18M | -33.2% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 497.50 | 543.74 | 530.76 | 540.01 |
| Operating 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 |
| Selling General And Administration | - | 82.66 | 97.62 | 96.40 | 88.56 |
| Total Expenses | - | 496.69 | 534.64 | 513.73 | 518.12 |
| Operating Income | - | 0.81 | 9.11 | 17.04 | 21.88 |
| Total Operating Income As Reported | - | -7.21 | 9.11 | 20.51 | 21.88 |
| EBITDA | - | 9.12 | 21.74 | 33.52 | 34.76 |
| Normalized EBITDA | - | 16.76 | 24.67 | 31.62 | 34.90 |
| EBIT | - | -5.66 | 6.47 | 19.44 | 22.30 |
| Interest Expense | - | 3.34 | 5.53 | 4.99 | 4.89 |
| Net Interest Income | - | -3.34 | -5.53 | -4.99 | -4.89 |
| Other Non Operating Income Expenses | - | 1.17 | 0.30 | 0.51 | 0.57 |
| Other Income Expense | - | -6.47 | -2.64 | 2.40 | 0.42 |
| Interest Expense Non Operating | - | 3.34 | 5.53 | 4.99 | 4.89 |
| Net Non Operating Interest Income Expense | - | -3.34 | -5.53 | -4.99 | -4.89 |
| Pretax Income | - | -9 | 0.94 | 14.44 | 17.42 |
| Tax Provision | - | 36.68 | -0.36 | -28.40 | 10 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.60 | -0.62 | 0.40 | -0.03 |
| Net Income Continuous Operations | - | -45.68 | 1.30 | 42.84 | 7.42 |
| Net Income From Continuing And Discontinued Operation | - | -45.56 | 1.46 | 42.95 | 7.54 |
| Net Income From Continuing Operation Net Minority Interest | - | -45.56 | 1.46 | 42.95 | 7.54 |
| Net Income | - | -45.56 | 1.46 | 42.95 | 7.54 |
| Net Income Common Stockholders | - | -45.56 | 1.46 | 42.95 | 7.54 |
| Net Income Including Noncontrolling Interests | - | -45.68 | 1.30 | 42.84 | 7.42 |
| Normalized Income | - | -39.53 | 3.78 | 41.45 | 7.66 |
| Diluted NI Availto Com Stockholders | - | -45.56 | 1.46 | 42.95 | 7.54 |
| Basic Average Shares | - | 10.72 | 10.80 | 10.72 | 10.37 |
| Diluted Average Shares | - | 10.72 | 11 | 11.05 | 10.88 |
| Reconciled Depreciation | - | 14.78 | 15.26 | 14.08 | 12.45 |
| Reconciled Cost Of Revenue | - | 399.25 | 421.75 | 403.25 | 417.11 |
| Total Unusual Items | - | -7.64 | -2.94 | 1.90 | -0.15 |
| Total Unusual Items Excluding Goodwill | - | -7.64 | -2.94 | 1.90 | -0.15 |
| Minority Interests | - | 0.11 | 0.16 | 0.10 | 0.13 |
| Net Income Discontinuous Operations | 0.07 | 0 | - | - | - |
| Special Income Charges | - | -7.20 | -2.86 | 1.74 | 0.06 |
| Gain On Sale Of Business | - | - | 0 | 3.46 | 0.06 |
| Other Special Charges | - | -0.79 | -0.22 | 1.72 | - |
| Impairment Of Capital Assets | 0 | 8.02 | 0 | - | - |
| Gain On Sale Of Security | - | -0.43 | -0.08 | 0.15 | -0.21 |
| 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 |
| Gain On Sale Of Ppe | 2.74 | 0.02 | -3.07 | 0 | - |
| Amortization | - | 6.14 | 5.31 | 4.63 | 3.31 |
| Amortization Of Intangibles Income Statement | - | 6.14 | 5.31 | 4.63 | 3.31 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| L.B. Foster Companythis co. | FSTR | $439M | 58.23 | 2.51 | 4.3% | 14.44 |
| Universal Logistics Holdings, Inc. | ULH | $457M | -4.58 | 0.85 | -18.5% | 14.71 |
| Xerox Holdings Corporation | XRX | $456M | -0.44 | 1.03 | -231.8% | 49.65 |
| Acacia Research Corporation | ACTG | $454M | 20.94 | 0.84 | 4.0% | 3.01 |
| The Manitowoc Company, Inc. | MTW | $447M |
| - |
| - |
| - |
| - |
| - |
| 62.09 |
| 0.64 |
| 1.0% |
| 7.82 |
| Energy Recovery, Inc. | ERII | $427M | 18.61 | 2.07 | 11.1% | 13.90 |
| AirJoule Technologies Corporation | AIRJ | $418M | -46.20 | 1.56 | -3.4% | -29.23 |
| Boston Omaha Corporation | BOC | $415M | -33.40 | 0.80 | -2.4% | 33.88 |
| Kelly Services, Inc. | KELYA | $411M | -1.62 | 0.42 | -26.0% | -41.01 |
| Peer Median | - | -1.03 | 0.84 | -2.9% | 10.86 | |