L.B. Foster Company (FSTR) Earnings Call Presentation

Financial Performance & Guidance - L B Foster's total 2024 sales were $531 million, with Rail Infrastructure contributing $327 million and Infrastructure Solutions $204 million[14] - The company projects 2025 revenue between $540 million and $580 million, and adjusted EBITDA between $42 million and $48 million[16] - Free cash flow for 2025 is guided between $20 million and $30 million, with capital expenditure around 2% of sales[16] - The company's gross profit margin increased from 168% in 2021 to 222% in 2024[20] Strategic Initiatives & Portfolio Management - Since 2021, L B Foster has completed nine portfolio actions, including four acquisitions and five divestitures/product line exits[30] - The company repurchased 300302 shares of common stock for $68 million, representing 27% of outstanding shares in 2024[104] - A new $40 million stock buyback program was authorized through February 2028, representing approximately 14% of the current market value[105] Segment Performance & Market Outlook - Rail Products accounted for $208 million of the $327 million in Rail sales in 2024[44] - Infrastructure project starts increased approximately 10% year-over-year over the last twelve months[177] - The company's backlog was $1859 million with an improved profitability mix[102]