Recent Updates — FSTR

L.B. Foster Company acquired the operating assets of Dulworth Enterprises Inc. for approximately $52.2 million in cash, closing on October 28, 2026. The transaction expands L.B. Foster's residential wastewater and Aeris aerobic treatment systems portfolio within its Precast Concrete Products business unit. Dulworth is expected to generate annual revenue of roughly $18 million and contribute between $6.5 million and $7.5 million in EBITDA after integration synergies are realized over 12 to 18 months. The acquisition was funded using cash on hand and available funds from the company's existing revolving credit facility. L.B. Foster Company is a global technology solutions provider of products and services for the rail and infrastructure markets.

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.