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L.B. Foster Company to Present Virtually at Sidoti’s Year-End Conference on December 10, 2025, and at Singular Research’s Best of the Uncovereds Conference on December 11, 2025
Globenewswire· 2025-12-03 15:40
Core Points - L.B. Foster Company will present virtually at the Sidoti Year-End Conference on December 10, 2025, at 9:15 AM ET [1] - The company will also present at the Singular Research Best of the Uncovereds Conference on December 11, 2025, at 11:00 AM ET [2] - Presentation materials will be available on the company's Investor Relations website on the day of the conferences [2] - A video webcast and replay of the presentations will be accessible online, with a 90-day availability for the Sidoti conference and 30 days for the Singular Research conference [3] - L.B. Foster Company, founded in 1902, is a global technology solutions provider for the rail and infrastructure markets, with a focus on innovative engineering and product development [4]
L.B. Foster Announces Continuing Sales Growth and Robust Cash Generation in Fiscal Third Quarter with Expected Strong Finish to 2025
Globenewswire· 2025-11-03 12:30
Core Insights - L.B. Foster Company reported a modest sales growth of 0.6% in Q3 2025, with net sales reaching $138.3 million compared to $137.5 million in Q3 2024 [2][8] - Operating income increased by 13.3% to $8.3 million, while net income attributable to the company saw a significant decline of 87.9% to $4.4 million due to a favorable tax valuation adjustment in the prior year [2][10] - The company anticipates a strong fourth quarter driven by improved customer demand and a higher backlog, particularly in the Rail segment, which saw a backlog increase of 58.2% [4][5] Financial Performance - Net sales for Q3 2025 were $138.3 million, a slight increase from $137.5 million in Q3 2024, driven by a 4.4% increase in the Infrastructure segment, while Rail sales decreased by 2.2% [2][8] - Adjusted EBITDA for Q3 2025 was $11.4 million, down 7.9% from $12.3 million in Q3 2024, primarily due to lower margins in the Precast Concrete business [2][10] - Free cash flow improved by 21.7% to $26.4 million, contributing to a reduction in total debt by 14.3% to $58.7 million [2][10] Segment Performance - The Rail segment reported net sales of $77.8 million, a decrease of 2.2% from the previous year, with significant increases in Global Friction Management and Total Track Monitoring [9][11] - The Infrastructure Solutions segment saw net sales increase by 4.4% to $60.5 million, although gross profit margins declined by 260 basis points to 22.0% [11][14] - New orders in the Rail segment increased by 63.9% to $86.4 million, while the Infrastructure segment experienced a decline of 34.4% in new orders [9][11] Guidance and Outlook - The company revised its full-year 2025 guidance, projecting net sales between $535 million and $545 million, with adjusted EBITDA expected to be between $40 million and $42 million [3][4] - The fourth quarter is anticipated to show a 25% increase in sales and a 115% increase in adjusted EBITDA compared to the same period last year [5][6] - The company aims to reduce its gross leverage ratio to a target range of 1.0x - 1.5x by year-end, supported by strong cash generation [6][10]
L.B. Foster Company to Report Third Quarter 2025 Results on November 3, 2025
Globenewswire· 2025-10-27 17:00
Core Points - L.B. Foster Company will release its third quarter results on November 3, 2025, before the market opens [1] - A conference call to discuss the operating results and market outlook will take place at 8:30 A.M. Eastern Time on the same day [1] - The conference call will be available via live webcast on the Company's Investor Relations page [2] Registration and Participation - Interested participants can register for the question-and-answer session to receive dial-in numbers and a unique PIN [3] - It is recommended to join the call 10 minutes prior to the start time [3] Company Overview - L.B. Foster Company, founded in 1902, is a global technology solutions provider for the rail and infrastructure markets [4] - The Company focuses on innovative engineering and product development to meet safety, reliability, and performance needs [4] - L.B. Foster has locations in North America, South America, Europe, and Asia [4]
L.B. Foster Company to Present Virtually at Sidoti Small Cap Conference on September 18, 2025
Globenewswire· 2025-09-11 17:00
Core Insights - L.B. Foster Company will present at the Sidoti Small Cap Virtual Conference on September 18, 2025, at 9:15 AM ET [1] - Presentation materials will be available on the Company's Investor Relations website on the day of the conference [1] - A video webcast and replay will be accessible online, with the replay available for 90 days [2] Company Overview - L.B. Foster Company, founded in 1902, is a global technology solutions provider for the rail and infrastructure markets [3] - The Company focuses on innovative engineering and product development solutions to meet safety, reliability, and performance needs [3] - L.B. Foster has locations in North America, South America, Europe, and Asia [3]
L.B. Foster Company to Present at Three Part Advisors’ Midwest IDEAS Investor Conference on August 27, 2025, in Chicago, IL
Globenewswire· 2025-08-20 17:00
Core Points - L.B. Foster Company will present at the Three-Part Advisors' Midwest IDEAS Investor Conference on August 27, 2025 [1] - The presentation will be accessible via webcast on both the conference host's website and L.B. Foster's Investor Relations page [2] - L.B. Foster Company is a global technology solutions provider for the rail and infrastructure markets, established in 1902 [3] Company Overview - L.B. Foster Company specializes in innovative engineering and product development solutions that meet safety, reliability, and performance needs [3] - The company operates in multiple regions including North America, South America, Europe, and Asia [3]
L.B. Foster Company to Present at Three Part Advisors' Midwest IDEAS Investor Conference on August 27, 2025, in Chicago, IL
GlobeNewswire News Room· 2025-08-20 17:00
Core Viewpoint - L.B. Foster Company will present at the Three-Part Advisors' Midwest IDEAS Investor Conference on August 27, 2025, highlighting its role as a global technology solutions provider in the rail and infrastructure markets [1][3]. Group 1: Conference Details - The presentation will be led by John Kasel, President and CEO, and Bill Thalman, Executive Vice President and CFO [1]. - The conference will begin at 7:55 AM CDT at The InterContinental Chicago Magnificent Mile [1]. - Presentation materials will be available on the Company's Investor Relations website on the morning of the conference [1]. Group 2: Webcast Information - The presentation will be webcast and accessible through the conference host's main website and L.B. Foster's Investor Relations page [2]. - A video replay of the presentation will be available for one year [2]. Group 3: Company Overview - L.B. Foster Company, founded in 1902, provides technology solutions for the rail and infrastructure markets [3]. - The Company focuses on innovative engineering and product development to meet safety, reliability, and performance needs [3]. - L.B. Foster has locations in North America, South America, Europe, and Asia [3].
L.B. Foster Announces Strong Second Quarter Results with Organic Growth and Profitability Expansion Expected to Continue Through Balance of 2025
Globenewswire· 2025-08-11 11:30
Core Insights - L.B. Foster Company reported a strong recovery in its second quarter 2025 results, with a 2.0% increase in net sales and a significant 51.4% rise in adjusted EBITDA, primarily driven by the Infrastructure segment [2][4][5] Financial Performance - Net sales for Q2 2025 were $143.6 million, up from $140.8 million in Q2 2024, reflecting a 2.0% increase [2][7] - Net income attributable to L.B. Foster Company was $2.9 million, a 1.3% increase from $2.8 million in the previous year [2][5] - Adjusted EBITDA reached $12.2 million, a 51.4% increase compared to $8.1 million in Q2 2024 [2][5] - Free cash flow improved to $7.7 million, compared to a negative $7.0 million in the prior year [2][5] - Total debt decreased to $81.6 million, down 6.4% from $87.2 million in the previous year [2][5] Segment Performance - The Infrastructure segment saw a 22.4% increase in organic sales, primarily due to a 36.0% rise in Precast Concrete sales [4][10] - The Rail segment experienced a decline in sales of 11.2%, but the backlog increased by 42.5%, indicating potential future growth [4][6] - New orders for Q2 2025 totaled $175.8 million, a 2.8% increase from $171.0 million in Q2 2024, with a backlog of $269.9 million, up 8.1% year-over-year [2][5][8] Financial Guidance - The company revised its full-year 2025 financial guidance, projecting net sales between $535 million and $555 million and adjusted EBITDA between $40 million and $44 million [3][5] - The anticipated free cash flow for the second half of 2025 is expected to be between $15 million and $25 million [3][5] Operational Efficiency - Selling and administrative expenses decreased by 9.8% to $22.4 million, improving the SG&A as a percentage of sales to 15.6%, down 200 basis points from the previous year [7][9] - Operating income for Q2 2025 improved by 67.9% to $7.7 million, driven by higher gross profit and lower expenses [7][9] Market Outlook - The company expects continued strong organic sales growth and profitability improvement in the second half of 2025, particularly in the Rail segment due to increased backlog [6][4] - The gross leverage ratio improved to 2.2x, down from 2.7x in the previous year, indicating better financial health [5][6]
L.B. Foster Company to Report Second Quarter 2025 Results on August 11, 2025
GlobeNewswire News Room· 2025-08-04 13:10
Company Announcement - L.B. Foster Company will release its second quarter results on August 11, 2025, before the market opens [1] - A conference call to discuss the operating results, market outlook, and business developments will take place at 8:30 A.M. Eastern Time on the same day [1] Conference Call Details - The conference call will be webcast live through the Company's Investor Relations page and will be listen-only [2] - A replay of the webcast will be available until August 18, 2025 [2] - Interested participants can register for the question-and-answer session to receive dial-in numbers and a unique PIN [3] Company Background - L.B. Foster Company, founded in 1902, is a global technology solutions provider for the rail and infrastructure markets [4] - The Company focuses on innovative engineering and product development solutions to meet safety, reliability, and performance needs [4] - L.B. Foster has locations in North America, South America, Europe, and Asia [4]
L.B. Foster Company Completes Successful Amendment to its Revolving Credit Agreement
Globenewswire· 2025-06-30 20:00
Core Viewpoint - L.B. Foster Company has successfully amended its credit agreement, enhancing its financial flexibility and capacity to support growth initiatives in the rail and infrastructure markets [1][2]. Financial Agreement Details - The company entered into a Fifth Amended and Restated Credit Agreement on June 27, 2025, extending the facility maturity date to June 27, 2030 [1]. - Borrowing capacity increased from $130 million to $150 million, with an additional $60 million incremental loan feature available [5]. - The revised terms include improved pricing and a more accommodating covenant package, reducing restrictions on corporate finance transactions [1][5]. Strategic Implications - The favorable terms of the credit agreement are expected to lower overall financing costs and provide greater flexibility for investments in growth programs and corporate finance initiatives [2][5]. - The company remains optimistic about opportunities in its core growth platforms, specifically Rail Technologies and Precast Concrete [2]. Company Background - Founded in 1902, L.B. Foster Company is a global technology solutions provider for the rail and infrastructure markets, with a focus on innovative engineering and product development [3]. - The company operates in North America, South America, Europe, and Asia, addressing safety, reliability, and performance needs for its customers [3].
L.B. Foster Company to Present at Three Part Advisors' East Coast IDEAS Investor Conference on June 12, 2025, in New York, NY
GlobeNewswire News Room· 2025-06-05 15:26
Company Announcement - L.B. Foster Company will present at the Three-Part Advisors' East Coast IDEAS Investor Conference on June 12, 2025, at 2:45 PM ET in New York [1] - The presentation will be available via webcast on both the conference host's website and L.B. Foster's Investor Relations page, with a video replay accessible for 90 days [2] Company Overview - Founded in 1902, L.B. Foster Company is a global technology solutions provider for the rail and infrastructure markets [3] - The company focuses on innovative engineering and product development solutions to meet safety, reliability, and performance needs [3] - L.B. Foster maintains locations across North America, South America, Europe, and Asia [3]