Financial Performance & Guidance - The company's TTM Q2 2025 sales reached $507 million [14] - The company's 2024 sales by region were: United States $455 million, United Kingdom $44 million, Canada $22 million, and Other $10 million, totaling $531 million [15] - The company projects 2025 revenue between $535 million and $555 million, adjusted EBITDA between $40 million and $44 million, and free cash flow between $15 million and $25 million [16] - The company's Q2 2025 net sales were $143.6 million, a 2% year-over-year increase, with Infrastructure up 22.4% and Rail down 11.2% [73] - The company's Q2 TTM book-to-bill ratio is 1.04:1.00 [74] Business Segment Highlights - Rail Infrastructure segment sales reached $289 million, while Infrastructure Solutions segment sales were $218 million in TTM Q2 2025 [14] - The company's Rail, Technologies, and Services segment accounted for $289 million in TTM Q2 2025 sales, broken down as: Rail Products $175 million, Global FM $71 million, and TS&S $43 million [44] - Infrastructure Solutions sales were $218 million, including $155 million from Precast Concrete and $63 million from Steel Products [54] Strategic Initiatives & Capital Allocation - The company repurchased 108,020 shares of common stock for $2.2 million, representing approximately 1% of outstanding shares [73] - The company has $36.7 million remaining under its share repurchase program through February 2028, with 711,441 shares repurchased since February 2023, representing 6.5% of outstanding shares [96] - The company targets maintaining a Gross Leverage Ratio between ~1.0x and ~1.5x [112]

Financial Performance - Net sales for Q2 2025 were $143.6 million, a 20% increase year-over-year[18] - Adjusted EBITDA for Q2 2025 increased by $42 million, or 514%, year-over-year, reaching $122 million[18] - New orders increased by 28% year-over-year, totaling $1758 million[19] - Backlog increased by 81% year-over-year, reaching $2699 million[19] - The company updated its 2025 guidance with net sales expected to be between $535 million and $555 million, adjusted EBITDA between $40 million and $44 million, and free cash flow between $15 million and $25 million[19] Segment Performance - Infrastructure Solutions net sales increased by 224% in Q2 2025[37] - Rail, Technologies, and Services net sales decreased by 112% in Q2 2025[31] - Precast Concrete sales improved 360%[40] - Protective Coatings improved 474%[40] Capital Management - Net debt decreased by $66 million year-over-year to $774 million[18] - The company repurchased 108,020 shares of common stock for $22 million, representing approximately 10% of outstanding shares[18]

Company Overview - L B Foster Company, founded in 1902, is headquartered in Pittsburgh, Pennsylvania, with locations across North America, South America, Europe, and Asia[17] - The company is a critical infrastructure solutions provider focused on growing its innovative, technology-based offerings[17] - The company's 2025 revenue guidance is between $540 million and $580 million, with adjusted EBITDA between $42 million and $48 million[15] Financial Performance and Metrics - TTM Q1 2025 sales by segment: Rail Infrastructure at $298 million and Infrastructure Solutions at $206 million[13] - The company's 2024 sales by region: United States at $455 million, United Kingdom at $44 million, and Canada at $22 million[14] - The company's TTM Q1 2025 adjusted EBITDA is $29 million[15] - The company's TTM Q1 2025 book-to-bill ratio is 104:100[82] Strategic Initiatives and Capital Allocation - The company is targeting a gross leverage ratio between approximately 10x and 20x and is implementing a new $40 million share repurchase program authorized through February 2028[96, 97] - The company is targeting approximately 20% of sales for maintenance and to support organic growth initiatives[96] - The company's backlog is up 67% year-over-year to $2372 million[71]