FOSTER L B CO

Listed Company

FSTRCIK 0000352825NasdaqAcceleratedSmaller ReportingWholesale-Metals Service Centers & Of FicesPennsylvaniaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$7.54M

Total Assets

$330.37M

Equity

$175.28M

Shares Out

10.31M

Op. Cash Flow

$35.62M

Business

FOSTER L B CO is a global technology solutions provider that designs, engineers, manufactures, and services products and systems to build and support transportation and built-environment infrastructure. It offers rail products and accessories, friction management systems, condition monitoring and digital control/display technologies, precast concrete buildings and components, fabricated bridge products, steel pipe coating and threading, and related aftermarket and contract services. The company operates two reporting segments: Rail, Technologies, and Services (Rail Products, Global Friction Management, Technology Services and Solutions) and Infrastructure Solutions (Precast, Steel, Coatings). It markets primarily across North America and also sells and supports customers in South America, Europe, and Asia through direct sales, distribution, and project contracting channels.

Summary from filing dated 2025-03-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total net sales (Note 3)	540	531	544	497	514
Total cost of sales	426	413	432	408	427
Gross profit	114	118	112	90	86
Selling and administrative expenses	89	96	98	83	76
(Gain) on sale of former joint venture facility	0	−3	0	—	—
Amortization expense (Note 4)	3	5	5	6	6
Operating income	22	21	9	−7	4
Interest expense - net	5	5	6	—	—
Other (income) expense - net (Note 17)	−420,000	1	3	−2	−3
Income before income taxes	17	14	944,000	−9	5
Income tax expense (benefit) (Note 13)	10	−28	−355,000	37	1
Net income	7	43	1	−46	—
Net loss attributable to noncontrolling interest	−126,000	−103,000	−165,000	−113,000	—
Net income attributable to L.B. Foster Company	8	43	1	−46	4
Basic earnings per common share (Note 12) (in usd per share)	0.73	4.01	0.14	−4.25	0.34
Diluted earnings per common share (Note 12) (in usd per share)	0.69	3.89	0.13	−4.25	0.34
Basic weighted average shares outstanding (in shares)	10	11	11	11	—
Diluted weighted average shares outstanding (in shares)	11	11	11	11	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	4	2	3	3	10
Accounts receivable - net (Note 5)	81	65	53	82	56
Contract assets (Note 3)	6	17	29	34	36
Inventories - net (Note 6)	60	71	73	76	63
Other current assets	5	7	9	11	14
Total current assets	157	162	167	206	179
Property, plant, and equipment - net (Note 7)	77	75	76	85	58
Operating lease right-of-use assets - net (Note 8)	28	18	15	17	15
Goodwill (Note 4)	33	32	33	31	20
Other intangibles - net (Note 4)	12	15	19	24	31
Deferred tax assets (Note 13)	20	29	0	24,000	37
Other assets	3	3	3	2	1
TOTAL ASSETS	330	335	312	365	343
Accounts payable	53	50	40	49	41
Deferred revenue (Note 3)	6	10	12	19	13
Accrued payroll and employee benefits	11	15	17	11	10
Current maturities of long-term debt (Note 9)	153,000	167,000	102,000	127,000	98,000
Other accrued liabilities	14	12	17	16	14
Total current liabilities	84	88	95	103	86
Long-term debt (Note 9)	43	47	55	92	31
Deferred tax liabilities (Note 13)	903,000	1	1	3	4
Long-term operating lease liabilities (Note 8)	24	15	12	14	12
Other long-term liabilities	3	5	7	8	10
Common stock, par value $0.01, authorized 20,000,000 shares; shares issued at December 31, 2025 and December 31, 2024, 11,115,779; shares outstanding at December 31, 2025 and December 31, 2024, 10,135,410 and 10,573,432, respectively (Note 10)	111,000	111,000	111,000	111,000	111,000
Paid-in capital	45	44	43	41	43
Retained earnings	175	168	125	123	169
Treasury stock - at cost, common stock, shares at December 31, 2025 and December 31, 2024, 980,369 and 542,347, respectively (Note 10)	−24	−11	−6	−6	−10
Accumulated other comprehensive loss (Note 11)	−21	−22	−19	−21	−19
Total L.B. Foster Company stockholders equity	175	178	142	137	183
Noncontrolling interest	722,000	698,000	724,000	420,000	518,000
Total stockholders equity	176	179	143	138	184
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	330	335	312	365	343

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income taxes	8	−29	−2	36	139,000
Depreciation	9	9	10	9	8
Amortization	3	5	5	6	6
Inventory and fixed asset impairments	1	0	—	—	—
Equity (income) loss in nonconsolidated investment	−65,000	14,000	−51,000	−74,000	−7,000
Gain on sales and disposals of property, plant, and equipment	0	−4	−459,000	—	—
Stock-based compensation	5	4	4	2	2
Accounts receivable	−15	−12	27	−25	2
Contract assets	11	12	2	−540,000	1
Inventories	10	2	−7	−12	−4
Other current assets	2	924,000	1	4	367,000
Other noncurrent assets	5	−3	−403,000	−2	158,000
Accounts payable	2	10	−5	10	−14
Deferred revenue	−4	−2	−3	5	6
Accrued payroll and employee benefits	−4	−1	6	1	344,000
Accrued settlement	0	−8	−8	−8	−8
Other current liabilities	1	−7	3	876,000	−2
Other liabilities	−6	3	−2	1	−307,000
Net cash provided by operating activities	36	23	37	−11	—
Proceeds from the sale of property, plant, and equipment	51,000	4	539,000	267,000	30,000
Capital expenditures on property, plant, and equipment	−10	−10	−5	−8	−5
Acquisitions, net of cash acquired	0	−416,000	−1	−58	−229,000
Net cash used in investing activities	−10	−6	2	−56	18
Repayments of debt	−314	−231	−209	−188	−183
Proceeds from debt	308	223	171	249	170
Debt issuance costs	−706,000	0	0	−182,000	−406,000
Treasury stock acquisitions	−17	−8	−3	−410,000	−732,000
Deferred payment for Skratch acquisition	−782,000	0	—	—	—
Net cash used in financing activities	−24	−16	−39	60	−14
Effect of exchange rate changes on cash and cash equivalents	187,000	−195,000	−468,000	−736,000	−47,000
Net increase (decrease) in cash and cash equivalents	2	−106,000	−322,000	−7	3
Net interest paid	5	5	5	3	3
Net income taxes paid	2	2	−221,000	−5	1

Filings

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