L.B. Foster Announces Third Quarter Results Reflecting Strong Sales and Profitability Growth; Finishes Quarter with Lowest Debt Level in a Decade
Key Highlights
- ➤Q3 sales $168.0M, up 21.5% year over year
- ➤Q3 net income $6.8M, up 55.4% year over year
- ➤Total debt fell 51.1% to $28.7M; gross leverage reached 0.6x
- ➤Full-year sales guidance raised to $570M-$590M
- ➤Dulworth operating assets acquired for approximately $52.2M
Expert Statements
John Kasel, President and Chief Executive Officer of L.B. Foster Company
“We started the second half of the year with strong momentum, delivering meaningful growth in sales, profitability, and cash generation during the third quarter.”
John Kasel, President and Chief Executive Officer of L.B. Foster Company
“Sales increased 21.5% over the prior year quarter, reflecting strong growth across both segments, while Adjusted EBITDA(1) increased 15.1%.”
John Kasel, President and Chief Executive Officer of L.B. Foster Company
“Gross profit expanded $3.4 million during the quarter despite a decline in gross margin of 200 bps to 20.5%.”
John Kasel, President and Chief Executive Officer of L.B. Foster Company
“Our third quarter operating cash flow of $23.6 million enabled us to reduce total debt by $19.3 million during the quarter and by $30.0 million compared to the prior year quarter, to the lowest level in over a decade.”
John Kasel, President and Chief Executive Officer of L.B. Foster Company
“The continued strengthening of our balance sheet provides additional financial flexibility and positions us well to pursue our strategic growth initiatives.”
John Kasel, President and Chief Executive Officer of L.B. Foster Company
“We continue to see healthy customer demand, particularly across our Rail Distribution and UK businesses, driving year-over-year growth in new orders and supporting an increase in our full-year sales outlook.”
John Kasel, President and Chief Executive Officer of L.B. Foster Company
“Additionally, we are narrowing our full-year guidance range for Adjusted EBITDA and increasing our Free Cash Flow range to reflect our current business mix and operating conditions.”
Unless otherwise noted, all comparisons are to the third quarter of 2025. * Third quarter sales increased 21.5% to $168.0 million; gross profit up $3.4 million or 10.8% * Third quarter net income grew 56.5% to $6.8 million; Adjusted EBITDA(1) up 15.1% to $13.1 million * First nine months sales increased 12.7% to $427.7 million; gross profit up $8.9 million or 10.8% * First nine months net income grew 125.4% to $11.4 million; Adjusted EBITDA up 17.6% to $29.9 million * Generated quarterly operating cash flow of $23.6 million with total debt for the quarter at $28.7 million * Gross Leverage Ratio(1) improved 1.0x turns year over year, ending the quarter at 0.6x PITTSBURGH, Nov. 04, 2026 (GLOBE NEWSWIRE) -- L.B. Foster Company (Nasdaq: FSTR), a global technology solutions provider of products and services for the rail and infrastructure markets (the "Company"), today reported its 2026 third quarter operating results.
Get started
Create a free account to read the full story.