---
schema_version: "secwatch.filing_event.v1"
accession: "0000352825-23-000092"
form_type: "8-K"
ticker: "FSTR"
cik: "0000352825"
company_name: "FOSTER L B CO"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T03:10:07.311448+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# L.B. Foster Q2 sales up 12.6%, gross margin up 410 bps; raises 2023 EBITDA guidance to $28–32M

## Summary
- Q2 net sales $148.0M (+12.6% YoY); gross profit $32.3M (+38.5%); gross margin 21.8% (+410 bps).
- Net income $3.5M, up $1.5M YoY; adjusted EBITDA $10.6M (7.2% of sales), up 72.9%.
- New orders $183.7M (+29.9% YoY); record backlog $290.1M (+15.6% YoY).
- Completed sale of prestressed concrete railroad tie business; net debt $85.6M; repurchased ~0.5% of shares.
- 2023 adjusted EBITDA guidance raised to $28–32M (from $27–31M); net sales guidance unchanged at $520–550M.

## SEC filing metadata
- accession: 0000352825-23-000092
- form_type: 8-K
- ticker: FSTR
- cik: 0000352825
- company_name: FOSTER L B CO
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/352825/000035282523000092/0000352825-23-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/352825/000035282523000092/fstr-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000352825-23-000092
- JSON: https://secwatch.observer/filing/0000352825-23-000092.json
- Plain text: https://secwatch.observer/filing/0000352825-23-000092.txt

## Key facts
- Earnings Releases
  FOSTER L B CO reported the second quarter ended June 30, 2023 results: revenue $148.0 million, net income $3.5 million. Guidance raised.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $148.0 million
  - Net income: $3.5 million
  - Guidance: raised
  - Result: reported results
  source text: --- News Release Increasing Momentum Evident in L.B. Foster's Second Quarter Operating Results; Company Increases 2023 Profitability Guidance • Second quarter net sales of $148.0 million up 12.6% year over year (13.3% organic); gross profit of $32.3 million up 38.5% year over year, with gross margins improving 410 bps to 21.8%. • Completed sale of prestressed
  evidence_url: https://www.sec.gov/Archives/edgar/data/352825/000035282523000092/0000352825-23-000092-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.