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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]
L.B. Foster Announces 2025 First Quarter Results; Maintaining 2025 Full Year Financial Guidance Driven by Strong Order Book Development
Globenewswire· 2025-05-06 12:00
Core Insights - L.B. Foster Company reported a significant decline in net sales and profitability for the first quarter of 2025 compared to the previous year, primarily due to lower demand in the Rail Distribution segment, despite growth in the Infrastructure segment driven by Precast Concrete sales [2][3][4] Financial Performance - Net sales for Q1 2025 were $97.8 million, down 21.3% from $124.3 million in Q1 2024 [2][6] - Net loss attributable to L.B. Foster Company was $2.1 million, a decrease of 147.6% compared to a profit of $4.4 million in the same quarter last year [2][6] - Adjusted EBITDA fell to $1.8 million, down 69.3% from $5.9 million in Q1 2024 [2][6] - Total debt increased to $82.5 million, a rise of 5.7% from $78.1 million in the previous year [2][6] Segment Performance - Rail, Technologies, and Services segment saw net sales drop to $54.0 million, a decline of 34.6% from $82.6 million in Q1 2024, with a gross profit margin of 22.3% [7][10] - Infrastructure Solutions segment reported a 5.0% increase in net sales to $43.8 million, driven by a 33.7% increase in Precast Concrete sales [11][16] Orders and Backlog - New orders for Q1 2025 totaled $149.1 million, an increase of 12.6% compared to $132.4 million in Q1 2024 [2][9] - Backlog increased to $237.2 million, up 6.7% from $222.3 million in the previous year, indicating strong order rates across the portfolio [2][4] Operational Insights - The company implemented cost controls, resulting in an 8.4% reduction in operating expenses compared to the previous year [3][4] - The Gross Leverage Ratio as of March 31, 2025, was 2.5x, up from 2.2x in the prior year, reflecting increased debt levels [2][9] Future Outlook - The company maintains its full-year financial guidance, expecting improved sales and profitability in the second quarter of 2025 [4][5] - The anticipated federal infrastructure funding is expected to support the company's performance throughout the year [5]