L.B. Foster Company reported second quarter 2026 results on August 10, 2026, with net sales of $138.6 million, a 3.5% decline from the prior year period. Net income attributable to shareholders increased 7.9% to $3.1 million, while Adjusted EBITDA decreased 4.7% to $11.7 million due to higher personnel costs and $2.6 million in exit-related expenses associated with the Tew Engineering business restructuring. Operating cash flow improved significantly to $17.9 million, enabling a reduction in total debt by $11.7 million during the quarter to $48.0 million and lowering the gross leverage ratio to 1.0x from 2.2x year-over-year. The company reaffirmed its full-year 2026 financial guidance, projecting net sales between $540 million and $580 million and Adjusted EBITDA between $41 million and $46 million. L.B. Foster Company operates in the rail and infrastructure markets, providing global technology solutions, products, and services.

L.B. Foster Company announced that Senior Vice President - Rail Gregory W. Lippard will retire effective December 31, 2026. Effective August 1, 2026, Jason K. Bowlin was promoted to SVP - Rail, succeeding Mr. Lippard. Mr. Lippard will transition to the role of Senior Vice President - Special Rail Projects on that date while retaining his compensation. This executive change is part of the company's succession planning and strategic talent leverage. L.B. Foster Company operates as a global technology solutions provider of products and services for the rail and infrastructure markets.