President & CEO John Kasel commented, "In 2023, we took a step forward to align with stakeholder sustainability needs and position the Company as an invaluable supplier, employer, community member, and investee. Our efforts were taken with the goals of communicating our current state of sustainability to our stakeholders and the global community and establishing a reporting mechanism reflecting our approach to sustainability in our industry. The result is our Sustainability Report." "Publishing our first Su ...

What's Driving L.B. Foster? In terms of earnings performance, L.B. Foster exceeded expectations in the first quarter, with adjusted earnings per share of 8 cents, comfortably surpassing the Zacks Consensus Estimate of a loss of 16 cents. The company has a trailing four-quarter earnings surprise averaging around 12.6%. present, Ecolab carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. L.B. Foster witnessed solid growth in the first quarter of 2024. Despite faci ...

L.B. Foster Company (FSTR) registered a 14.3% rise in its stock value in the past three months thanks to robust first-quarter earnings that exceeded expectations. Presenting an enticing investment opportunity with strong growth prospects, FSTR sports a Zacks Rank #1 (Strong Buy). Earnings Outperformance In the first quarter, FSTR outperformed expectations, with adjusted earnings of 8 cents per share, surpassing the Zacks Consensus Estimate of a loss of 16 cents. It pulled off a trailing four-quarter earning ...

About L.B. Foster Company PITTSBURGH, June 05, 2024 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ: FSTR, the "Company"), announced today that John Kasel, President and Chief Executive Officer, and Bill Thalman, Executive Vice President and Chief Financial Officer, will present at the Three Part Advisors' East Coast IDEAS Investor Conference on June 12, 2024 beginning at 9:15 AM EDT. Presentation materials for the conference will be posted on the Company's Investor Relations website under "Presentations" t ...

Investor Relations: Stephanie Schmidt (412) 928-3417 investors@lbfoster.com L.B. Foster Company 415 Holiday Drive Suite 100 Pittsburgh, PA 15220 About L.B. Foster Company Founded in 1902, L.B. Foster Company is a global technology solutions provider of engineered, manufactured products and services that builds and supports infrastructure. The Company's innovative engineering and product development solutions address the safety, reliability, and performance needs of its customers' most challenging requiremen ...

L.B. Foster (FSTR) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. Analysts' growing optimism on the earnings prospects of this railroad track manufacturer is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and ne ...

PITTSBURGH, May 10, 2024 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), a global technology solutions provider of products and services for the rail and infrastructure markets, today announced its Board of Directors has been recognized as the "Public Company Board of the Year" by the National Association of Corporate Directors (NACD) Three Rivers Chapter. The annual Director of the Year Awards for the Three Rivers Chapter, which covers the Pittsburgh, PA, Buffalo, NY, and Cleveland and Cincinnati, O ...

Financial Data and Key Metrics - Organic growth averaged approximately 13% per quarter, with Q1 2024 reaching 16.9%, the highest point [4] - Adjusted gross profit increased 17.3% over the trailing four quarters, with adjusted gross margin improving by 190 basis points to 21.4% [4] - Net debt increased to $74.9 million during Q1, but was down $2.5 million year-over-year, with a gross leverage ratio of 2.2x, improved from 2.0x last year [20] - Adjusted EBITDA for Q1 was $5.9 million, up 32.4% year-over-year [24] - Capital spending is expected to be around 2% to 2.5% of sales, slightly higher than historical levels due to growth platform investments [5] Business Segment Performance - Rail segment sales increased 29.4% organically, with total Rail segment revenues up 28.3% to $82.6 million [19][26] - Infrastructure Solutions segment revenue decreased by $9.4 million (18.4%), with 19.5% of the decline due to divestitures and product line exits [27] - Rail Products saw a 33% increase in revenue year-over-year, contributing $13 million, while Technology Services and Solutions (TS&S) grew by 100% [78][109] - Precast Concrete business within Infrastructure was down 13% year-over-year, largely due to adverse weather conditions [76] Market Performance - The UK construction market has stabilized and is showing modest signs of improvement after challenges in 2023 [6] - Demand for total track monitoring technology products has increased, with expectations for continued growth [6] - Government funding for road and bridge rehabilitation projects, along with recreational park spending, is driving demand in the Infrastructure segment [32] Strategic Direction and Industry Competition - The company has completed nine transactions over the past two and a half years, simplifying its business structure and improving profitability [59] - Focus remains on Rail Technologies and Precast Concrete for organic growth opportunities, with a disciplined capital allocation process [55][56] - The company is optimistic about long-term demand in infrastructure markets, supported by federal investment programs [82] Management Commentary on Operating Environment and Future Outlook - Management is cautiously optimistic about market conditions, with strong order activity and improved lead times [62][63] - The company reaffirmed its 2024 financial guidance and remains on track to achieve its 2025 goals [21][38] - Free cash flow guidance for 2024 is $12 million to $18 million, with expectations for stronger cash flow in 2025 [28][45] Other Important Information - The company repurchased 151,000 shares (1.4% of outstanding shares) at an average price of $17.89 per share under its stock repurchase program [5] - The sale of a property in Magnolia, Texas, generated $3.5 million in net proceeds, excluded from adjusted EBITDA [9] - The company is monitoring its potential inclusion in the Russell 2000 Index, with a market cap of $255 million as of the measurement date [31] Q&A Session Summary Question: Any changes to full-year guidance given the strong Q1 performance? - No changes to full-year guidance were made, as the company remains cautious about market conditions despite a strong start [86][62] Question: Impact of weather on Infrastructure segment sales and EBITDA? - Precast Concrete revenue was down 13% year-over-year, with the majority of the decline attributed to adverse weather conditions [76] Question: Drivers of Rail segment revenue growth? - Rail Products and TS&S were the main drivers, with TS&S benefiting from domestic rail safety business and recovery in the UK [97][109] Question: Capital allocation and M&A strategy? - The company is focusing on organic growth and small tuck-in acquisitions, with a potential dividend considered as free cash flow improves [45][56] Question: Backlog trends and expectations? - Backlog is expected to improve throughout the year, with shorter lead times and improved order fulfillment impacting current levels [57][63]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File Number: 000-10436 L.B. Foster Company Washington, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2024 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to (Exact name of registrant as specified in its charter) Pennsylvania 25-1324733 (State of Incorporation) ...

Exhibit 99.1 News Release Sales and Profitability Growth Drive Continuing Momentum in L.B. Foster First Quarter 2024 Results; Company Reaffirms 2024 Guidance PITTSBURGH, PA, May 7, 2024 – L.B. Foster Company (Nasdaq: FSTR), a global technology solutions provider of products and services for the rail and infrastructure markets (the "Company"), today reported its 2024 first quarter operating results. CEO Comments John Kasel, President and Chief Executive Officer, commented, "We had an exceptionally-strong sta ...