UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 0-10436 L.B. FOSTER COMPANY (Exact name of registrant as specified in its charter) Pennsylvania 25-1324733 (State of Incorporation) (I.R. ...

L.B. Foster Company (FSTR) logged fourth-quarter 2023 loss of 4 cents per share, narrower than the year-ago quarter's loss of $4.09 per share. The figure was wider than the Zacks Consensus Estimate of a loss of 3 cents.The company recorded revenues of $134.9 million for the quarter, down around 2% year over year. It surpassed the Zacks Consensus Estimate of $127.7 million. Net sales rose 7.7% organically and fell 9.4% due to divestitures.New orders were $105.5 million in the reported quarter, down around 23 ...

L.B. Foster Company (NASDAQ:FSTR) Q4 2023 Earnings Conference Call March 5, 2024 11:00 AM ET Company Participants Stephanie Schmidt - IR Manager John Kasel - President and CEO William Thalman - EVP and CFO Conference Call Participants Chris Sakai - Singular Research Alex Rygiel - B. Riley Securities Operator Good day and thank you for standing by. Welcome to L.B. Foster's Fourth Quarter 2023 Earnings Call. At this time all participants are in a listen-only mode. After the speakers' presentation, there will ...

Full year 2023 net sales of $543.7 million up 9.3% over prior year (up 11.7% organically) and $3.7 million above the upper end of guidance range; gross margins expanded 270 basis points to 20.7%.Fourth quarter net sales of $134.9 million down 1.7% from prior year quarter (up 7.7% organically1); gross margins expanded 200 basis points to 21.5%.Full year 2023 net cash flow from operations of $37.4 million was favorable $48.0 million over 2022, with free cash flow1 totaling $33.0 million and $2.3 million in st ...

Exhibit 99.1 News Release L.B. Foster Exceeds 2023 Guidance; Delivers Strong Cash Flow, Improves Leverage, and Returns Capital to Shareholders; Establishes 2024 Guidance and Reiterates 2025 Goals Aligned with Strategic Transformation PITTSBURGH, PA, March 5, 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 2023 fourth quarter and full year operating results. CEO Comments John ...

L.B. Foster Company (NASDAQ:FSTR) Q3 2023 Earnings Conference Call November 7, 2023 11:00 AM ET Company Participants Stephanie Schmidt - IR Manager John Kasel - President, CEO & Director William Thalman - EVP & CFO Conference Call Participants Alexander Rygiel - B. Riley Securities Chris Sakai - Singular Research Operator Good day, and welcome to L.B. Foster's Third Quarter of 2023 Earnings Call. Later, we will conduct a question-and-answer session and instructions will be given at that time. As a reminder, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 September 30, 2023 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (Exact name of registrant as specified in its charter) Pennsylvania 25-1324733 (State of Incorporation) (I. R. S. Employer Identification No.) 415 Holiday Drive, Suite 100, Pittsburgh, Pe ...

L.B. Foster Company Q2 2023 Earnings Presentation Nasdaq -FSTR August 8, 2023 Safe Harbor Disclaimer | --- ...

L.B. Foster Company (NASDAQ:FSTR) Q2 2023 Earnings Conference Call August 8, 2023 8:00 AM ET Company Participants Stephanie Schmidt - Investor Relations, Manager John Kasel - President and CEO William Thalman - CFO Conference Call Participants Alex Rygiel - B. Riley Securities Brett Kearney - Gabelli Funds Chris Sakai - Singular Research Operator Good day, and thank you for standing by. Welcome to the Second quarter 2023 L.B. Foster's Earnings Conference Call. [Operator Instructions] Please be advised that ...

Financial Performance - Net sales for the three months ended June 30, 2023, were $148,034, an increase of 12.6% compared to $131,515 in the prior year quarter[73]. - Gross profit for the same period was $32,252, representing a 38.5% increase from $23,293 in the prior year quarter, with gross profit margins expanding to 21.8%[73][81]. - Operating profit increased by 156.0% to $6,349 from $2,480 in the prior year quarter[73]. - Net income attributable to L.B. Foster Company for the three months ended June 30, 2023, was $3,531, or $0.32 per diluted share, up 75.7% from $2,010, or $0.18 per diluted share, in the prior year quarter[73][85]. - For the six months ended June 30, 2023, net sales reached $263,522, a 14.4% increase compared to the prior year, driven by acquisitions and organic growth[99]. - Gross profit for the same period was $55,543, reflecting a 39.8% increase, with gross profit margins expanding by 380 basis points to 21.1%[100]. Segment Performance - The Rail, Technologies, and Services segment reported net sales of $91,616 for the three months ended June 30, 2023, a 12.0% increase from $81,797 in the prior year quarter[87]. - The Rail, Technologies, and Services segment saw a 24.8% increase in new orders, totaling $23,048, driven by government infrastructure investments[90]. - Precast Concrete Products segment net sales increased by $10,254, or 43.4%, with the VanHooseCo acquisition contributing $7,230, or 30.6% of the increase[92]. - The Steel Products and Measurement segment experienced a 13.6% decline in net sales, down $3,554, primarily due to the divestiture of the Chemtec business[95]. - The Steel Products and Measurement segment's backlog increased by $18,635, or 39.4%, compared to the prior year quarter[116]. Expenses and Taxation - Selling and administrative expenses rose by 26.5% to $24,528, primarily due to increased personnel costs[82]. - Selling and administrative expenses increased by 25.2% to $45,951, influenced by acquisitions and higher personnel costs[101]. - The effective income tax rate for the three months ended June 30, 2023, was 13.9%, down from 29.4% in the prior year quarter[84]. Strategic Initiatives - The Company continues to focus on its strategic transformation into a technology-focused infrastructure solutions provider, enhancing core growth platforms[86]. - The Company is focusing on strategic transformation, reducing commoditized offerings to enhance core growth platforms in Rail Technologies and Precast Concrete[106]. Cash Flow and Capital Management - As of June 30, 2023, the Company had $3,880 in cash and cash equivalents, with total debt of $89,505[126][127]. - Net cash used in operating activities for the six months ended June 30, 2023 was $3,333, a significant improvement from $13,382 in the prior year[120]. - Capital expenditures for the six months ended June 30, 2023 were $1,495, down from $3,048 in the prior year, while divestitures generated a cash inflow of $7,706[121]. - The Company authorized a stock repurchase program of up to $15,000, with 51,241 shares valued at $662 repurchased during the six months ended June 30, 2023[123][124]. - The Company believes its liquidity, supported by cash, operations, and credit facilities, is sufficient to meet its operational needs[128]. Backlog and Orders - Total backlog as of June 30, 2023 was $290,076, an increase from $272,251 as of December 31, 2022[130]. - New orders and backlog for the Precast Concrete Products segment increased by 76.0% and 28.2%, respectively, compared to the prior year quarter[113].