Financial Performance - L.B. Foster Company reported a 14.2% increase in rail segment sales, reaching 79.2millioninQ42024,withgrossmarginsimprovingby300basispointsto22.249.0 million in Q4 2024, with gross margins declining by 90 basis points to 22.6%[2][11] - The company achieved adjusted EBITDA of 7.2millioninQ42024,anincreaseof18.722.6 million, with total debt declining by 21.6millionto46.9 million[2][4] - Net sales for the year ended December 31, 2024, were 530.8million,adecreaseof13.0 million, or 2.4%, from the prior year[18] - Gross profit for the year ended December 31, 2024, was 118.1million,anincreaseof6.0 million, or 5.4%, with gross profit margins expanding by 160 basis points to 22.2%[18] - Operating income for the year ended December 31, 2024, was 20.5million,anincreaseof11.4 million over the prior year[18] - Net income attributable to the Company for the year ended December 31, 2024, was 42.9million,or3.89 per diluted share, favorable by 41.5millionovertheprioryear[18]−AdjustedEBITDAfortheyearendedDecember31,2024,was33.6 million, a 1.8millionincrease,or5.7128.183 million, a decrease of 5.0% compared to 134.877millioninQ42023[36]−Grossprofitforthefourthquarterof2024was11.1 million, a decrease of 4.3million,or28.120.513 million, significantly higher than 9.107millionin2023[28]−AdjustedEBITDAforQ42024was7.238 million, up from 6.099millioninQ42023,reflectingagrowthof18.7185.9 million, a decrease of 13.0% from the prior year, primarily due to lower demand in rail products[2][9] - New orders totaled 107.2millioninQ42024,reflectinga1.6506.5 million, a decrease of 22.5million,or4.3185.9 million, a decrease of 27.9millionfromtheprioryear[18]−NewordersforRail,Technologies,andServicesincreasedto308.394 million in 2024, a rise of 2.9% from 299.584millionin2023[37]ExpensesandDebt−Sellingandadministrativeexpensesdecreasedby10.424.4 million in Q4 2024, contributing to improved profitability[2][6] - Selling and administrative expenses for the year ended December 31, 2024, were 96.4million,adecreaseof1.2 million, or 1.3%, from the prior year[18] - The gross leverage ratio improved to 1.2x as of December 31, 2024, down from 1.7x a year earlier[2][7] - The company reported a net debt of 44.486millionasofDecember31,2024,downfrom65.409 million in 2023[36] - Total stockholders' equity increased to 179.014millionin2024,comparedto142.835 million in 2023[30] Future Outlook - L.B. Foster Company authorized a new 3-year 40millionstockrepurchaseprogram,replacingtheprevious15 million program[2][5] - The company expects 2025 net sales to range from 540millionto580 million, with adjusted EBITDA projected between 42millionand48 million[2][3] Organic Sales - Organic sales declined by 3.8% in Q4 2024, with a reported decrease of $5.109 million compared to the previous year[36]