Quarterly ResultMay 4, 2026, 07:33 AM
L.B. Foster Q1 Net Sales +23.9% to $121.1M; Net Income $1.5M
AI Summary
L.B. Foster Company reported strong first-quarter 2026 operating results, with net sales increasing 23.9% to $121.1 million and net income reaching $1.5 million, a significant improvement from a loss last year. EBITDA also saw substantial growth, up 183.0% to $5.2 million. The company reaffirmed its full-year 2026 financial guidance, expecting continued sales growth and profitability expansion.
Key Highlights
- Net sales increased 23.9% to $121.1 million.
- Net income was $1.5 million, up $3.6 million from a loss last year.
- EBITDA grew 183.0% to $5.2 million.
- Rail segment sales increased 38.4% to $74.8 million.
- Infrastructure segment sales increased 5.9% to $46.4 million.
- Gross Leverage Ratio improved to 1.2x from 2.5x last year.
- Cash flow used in operations improved by $15.7 million to $10.4 million.
- Full-year 2026 sales guidance reaffirmed at $540M-$580M.