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FSTR

L.B. Foster Company

FSTR

L.B. Foster Company • NASDAQ
$26.98 ▲ 0.11% (+0.03)
Market Cap $282.92 M
52w High $29.78
52w Low $17.16
Dividend Yield 0%
P/E 59.96
Volume 12.34K
Outstanding Shares 10.49M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $138.286M ▼ $22.771M ▼ $4.354M ▲ 3.149% ▲ $0.42 ▲ $11.359M ▲
Q2-2025 $143.558M ▲ $23.222M ▲ $2.885M ▲ 2.01% ▲ $0.28 ▲ $10.88M ▲
Q1-2025 $97.792M ▼ $22.074M ▼ $-2.11M ▼ -2.158% ▼ $-0.2 ▼ $1.822M ▼
Q4-2024 $128.183M ▼ $25.563M ▲ $-242K ▼ -0.189% ▼ $-0.02 ▼ $4.969M ▼
Q3-2024 $137.466M $25.435M $35.905M 26.119% $3.35 $10.997M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.507M ▼ $333.889M ▼ $158.295M ▼ $174.801M ▲
Q2-2025 $4.186M ▲ $349.925M ▲ $174.684M ▲ $174.442M ▲
Q1-2025 $2.612M ▲ $342.826M ▲ $171.231M ▲ $170.788M ▼
Q4-2024 $2.454M ▼ $334.55M ▼ $155.536M ▼ $178.316M ▼
Q3-2024 $3.135M $344.544M $162.108M $181.851M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $4.354M ▲ $29.181M ▲ $-2.805M ▼ $-27.096M ▼ $-758K ▼ $26.372M ▲
Q2-2025 $2.839M ▲ $10.402M ▲ $-2.624M ▼ $-6.352M ▼ $1.574M ▲ $7.729M ▲
Q1-2025 $-2.117M ▼ $-26.136M ▼ $-2.575M ▼ $28.82M ▲ $158K ▲ $-28.711M ▼
Q4-2024 $-277K ▼ $24.285M ▼ $-2.359M ▲ $-22.651M ▼ $-681K ▲ $22.328M ▲
Q3-2024 $35.905M $24.745M $-3.068M $-22.395M $-886K $21.677M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product
Product
 $240.00M ▲$90.00M ▼$130.00M ▲$120.00M ▼
Service
Service
 $30.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Income Statement: L.B. Foster’s sales have been fairly steady over the past few years, with a modest upward trend more recently. What stands out is the shift from a period of losses to a clear return to profitability. Margins have gradually improved, indicating better pricing, mix, or cost control. After a tough year with a noticeable loss, the company has moved back to solid earnings, and the most recent year shows a much healthier bottom line than earlier in the period. The pattern suggests a business that has been restructuring and sharpening its focus, with results now starting to show through the income statement. That said, the history of earnings swings highlights that this is not a “smooth and stable” earner; results can move meaningfully from year to year depending on project timing, execution, and market conditions.

Balance Sheet

Balance Sheet Balance Sheet: The balance sheet shows a company that is relatively asset-light for an industrial player and has been tightening up over time. Total assets have edged down from earlier levels, which likely reflects divestitures and a focus on core operations rather than broad expansion. Debt is present but appears to be at a manageable level, notably lower than its peak a few years ago, though not negligible. Equity has started to rebuild after a flat period, which is consistent with the recent return to profitability. Cash on hand is quite thin, so the company relies more on ongoing cash generation and credit facilities than on a large cash buffer. Overall, the balance sheet looks lean but not overextended, with some sensitivity to any big downturn in cash flow.

Cash Flow

Cash Flow Cash Flow: Cash generation has improved meaningfully in the last couple of years. Operating cash flow is now consistently positive after a period when it dipped into the red. Free cash flow—the cash left after basic investment needs—has generally been positive as well, with the most recent years looking stronger than earlier in the period. Capital spending has been modest, suggesting disciplined investment rather than aggressive expansion. This supports free cash flow but could also limit the speed of growth if underinvested over many years. The trend, though, is encouraging: cash is now broadly aligned with the improved earnings picture, which reduces reliance on borrowing for day‑to‑day needs. Still, the relatively low absolute cash balance means ongoing execution remains important.

Competitive Edge

Competitive Edge Competitive Position: L.B. Foster operates in specialized corners of the rail and infrastructure markets rather than in broad, commodity-style segments. Its strengths lie in deep industry relationships, long operating history, and the shift from selling mostly components to providing more integrated solutions and services. The company’s rail technologies—especially friction management systems, monitoring solutions, and specialized rail handling equipment—give it a differentiated offering that is not easily replicated by general industrial suppliers. In infrastructure, the precast concrete business with customized, engineered solutions provides another niche where relationships, design capability, and track record matter. The strategic realignment into two focused segments and the exit from lower-margin, more commoditized businesses signal a push toward higher-value niches. The moat is not absolute, but it is supported by know-how, patents, and “stickiness” with customers who value safety, reliability, and service rather than just lowest price. The main risks are concentration in cyclical infrastructure spending and competition from larger industrial players that may target attractive subsegments.

Innovation and R&D

Innovation and R&D Innovation & R&D: Innovation is a clear emphasis for L.B. Foster and a central part of its strategy. In rail, the company is pushing newer technologies such as longer rail trains that reduce joints and maintenance needs, as well as AI-enabled monitoring systems using sensors and advanced analytics to predict failures before they happen. These tools aim to reduce downtime and costs for rail operators, turning the company into more of a technology partner than a simple hardware supplier. On the infrastructure side, the company’s precast concrete products incorporate proprietary designs and branded systems for walls and stormwater management, with an eye toward durability, ease of installation, and environmental performance. It is also moving into smart and connected solutions, such as digital information displays and potential sensor‑enabled “smart” infrastructure. Overall, L.B. Foster appears to be investing thoughtfully in technology and software-enhanced services, not just in physical products. This positions it to generate more recurring, service-like revenue and to benefit from trends toward predictive maintenance, smart infrastructure, and sustainability. Execution risk is real—turning innovation into high-margin, repeatable business is not guaranteed—but the direction of travel is clearly toward higher-tech, higher-value offerings.

Summary

Summary: L.B. Foster is an industrial company in rail and infrastructure that has been reshaping itself away from more commoditized steel products toward technology-enabled, higher-margin niches. Financially, revenue has been steady with recent improvement in profitability and cash generation after a challenging period that included a sizable loss. Margins and free cash flow have moved in the right direction, though earnings have historically been uneven. The balance sheet is lean, with manageable but meaningful debt and only modest cash, which makes ongoing cash generation and disciplined capital use important. On the strategic side, the company’s focus on proprietary rail technologies, AI‑driven monitoring, and specialized precast concrete solutions provides a differentiated position within its markets. Its competitive edge rests on technical know-how, patents, long customer relationships, and the ability to offer integrated solutions rather than standalone products. Looking ahead, growth opportunities appear tied to continued adoption of smart and sustainable infrastructure, expansion of digital monitoring and service offerings, and successful execution of its focused two-segment strategy. Key uncertainties include infrastructure spending cycles, project timing, competitive responses from larger industrials, and the company’s ability to consistently translate innovation into stable, high-quality earnings.

NEWS

November 3, 2025 · 7:30 AM UTC

L.B. Foster Announces Continuing Sales Growth and Robust Cash Generation in Fiscal Third Quarter with Expected Strong Finish to 2025

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October 27, 2025 · 1:00 PM UTC

L.B. Foster Company to Report Third Quarter 2025 Results on November 3, 2025

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September 11, 2025 · 1:00 PM UTC

L.B. Foster Company to Present Virtually at Sidoti Small Cap Conference on September 18, 2025

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