Acquisition Rationale - Expands CMC's market leadership into the precast concrete industry[5] - Enhances CMC's financial profile via higher, more stable margins and cash flows[5] - Extends growth runway and creates a scalable platform[5] CP&P Overview - CP&P has 17 plants and approximately 700 employees serving 7 core states[8] - CP&P is a leading supplier of concrete precast and pipe products in the Mid-Atlantic and South Atlantic regions[10] - CP&P holds the 1 or 2 position in its core regions[8, 10] Market and Financial Highlights - The U S total addressable market for precast concrete is $30 billion[22] - The forecasted demand CAGR (2024 to 2028) is 5% to 7%[22] - CP&P's revenue growth has a last 5-Year CAGR of 14%[54] - CP&P's EBITDA growth has a last 5-Year CAGR of 23%[54] Transaction Details - The purchase price is $675 million on a debt-free, cash-free basis[63] - The transaction represents a 9 5x multiple of 2025E EBITDA, which is effectively reduced to approximately 8 5x due to a cash tax benefit[58, 63] - Estimated synergies of approximately $5 million to $10 million annually by year 3 are expected from identified optimization opportunities[63]

L.B. Foster Company Sidoti Small Cap Conference Nasdaq - FSTR September 2025 Safe Harbor Disclaimer Safe Harbor Statement This presentation may contain "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements provide management's current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historic ...

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]