L.B. Foster pany(FSTR) - 2024 Q2 - Quarterly Results

Exhibit 99.1 BFoster. News Release L.B. Foster Company Reports Tempered Second Quarter Results after Strong First Quarter; Updates 2024 Financial Guidance and Stock Repurchase Program; Continues Enterprise Restructuring Aligned with Growth Strategy 1 1 1 1 1 1 1 • Second quarter net sales of $140.8 million down 4.9% year over year (organic down 3.4%); net sales up 13.3% sequentially over the first quarter. • Gross profit of $30.5 million down 5.4% year over year; gross margins were flat at 21.7%. • Second q ...