L B Foster Co
lbfoster.comWhat Do They Do?
Sells rail equipment and monitoring systems, and infrastructure products and services to rail operators, industrial customers, and infrastructure contractors and public agencies.
10-K for FY2025, filed Mar 5, 2026The Company’s Rail segment is comprised of several manufacturing, distribution, and service businesses that provide a variety of products…View ↗
Rail Distribution - This division sells new rail mainly to passenger and short line freight railroads, industrial companies, and rail…View ↗
Transit Products - This division supplies designed, engineered, and outsourced-manufactured direct fixation fasteners, coverboards, and…View ↗
The Company’s Technology Services and Solutions business unit engineers and manufactures Total Track Monitoring railroad condition…View ↗
The Infrastructure segment uses its industry expertise to design, manufacture, and deploy advanced technologies that positively impact the…View ↗
The Company’s Steel Products business unit provides custom engineered solutions and services that help to build and maintain critical civil…View ↗
How Do They Make Money?
Customers buy products and services. Most sales are counted when products ship or services are rendered; long-term project work is counted over the job, based on costs, labor, or units delivered.
10-K for FY2025, filed Mar 5, 2026
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10-K for FY2025, filed Mar 5, 2026
FY2025 revenue by product or service ↗
$540M
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10-K for FY2025, filed Mar 5, 2026
$540M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Sales of goods
Sold outright
10-K for FY2025, filed Mar 5, 2026 |
89%
FY2022: 88%
|
Sales of goods, FY2025
$481.4M Sources
|
Sold outright |
|
Sales of services
Mix
10-K for FY2025, filed Mar 5, 2026 |
11%
FY2022: 12%
|
Sales of services, FY2025
$58.6M Sources
|
Mix |
Who Are Their Customers?
Rail products and services are marketed directly to railroads and industrial customers, with some rail products sold to contractors. Infrastructure offerings are marketed mainly domestically to contractors, parks, and public water authorities.
10-K for FY2025, filed Mar 5, 2026L.B. Foster Company generally markets its Rail products and services directly in all major industrial areas of North America, South…View ↗
Rail Distribution - This division sells new rail mainly to passenger and short line freight railroads, industrial companies, and rail…View ↗
Transit Products - This division supplies designed, engineered, and outsourced-manufactured direct fixation fasteners, coverboards, and…View ↗
The Precast Concrete Products (“Precast”) business unit manufactures precast concrete products for the North American civil infrastructure…View ↗
The Company’s Steel Products business unit provides custom engineered solutions and services that help to build and maintain critical civil…View ↗
Water Well Products - The Company’s Magnolia, TX facility cuts, threads, and paints pipe primarily for water well applications for the…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 1 cent of every revenue dollar as net income in FY2025 and turned 5 cents into free cash flow.
10-K for FY2025, filed Mar 5, 2026
$21.9MView ↗
10-K for FY2025, filed Mar 5, 2026
$7.5MView ↗
10-K for FY2025, filed Mar 5, 2026
$25.2MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 10, 2026
Open tableView ↗
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Aug 10, 2026
Announced a UK product-line exit and reaffirmed financial guidance
The company announced the Tew Exit of certain product lines and reaffirmed its full-year financial guidance.
Sources
8-K, filed Aug 10, 2026
L.B. Foster Announces Second Quarter Results with Highest Second Quarter Operating Cash Flow Since 2017; Reaffirms Full Year 2026 Financial…View ↗
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May 21, 2026
Appointed Sean Reilly CFO and William Thalman COO
Thalman left the CFO role as Reilly took it, while Thalman became chief operating officer.
Sources
8-K, filed May 21, 2026
On May 20, 2026, the Board of Directors (the “Board”) of the L.B. Foster Company (the “Company”) approved the following executive…View ↗
Flat. Revenue was $540M in FY2025, about the same as the $513.6M of FY2021.
Bridge grid deck exit
The older report included grid decking among its bridge products; the latest report says the company discontinued the grid deck line and completed substantially all remaining customer obligations.
10-K for FY2022, filed Mar 10, 2023 10-K for FY2025, filed Mar 5, 2026Bridge Products - The Bridge Products facility in Bedford, PA manufactures a number of fabricated steel and aluminum products primarily for…View ↗
Company discontinued its grid deck product line in the third quarter of 2023 and completed substantially all remaining customer obligations…View ↗
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