{"schema_version":"secwatch.filing_event.v1","accession":"0000352825-23-000099","form_type":"8-K","ticker":"FSTR","cik":"0000352825","company_name":"FOSTER L B CO","filed_at":"2023-08-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.316516+00:00","generated_at":"2026-06-11T02:08:09.664079+00:00","sec_items":["2.05","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"L.B. Foster exits bridge grid deck product line; expects $2.6-2.9M in exit costs","bullets":["Product line had ~$9M in sales over last twelve months; operations to cease in Q4 2023.","Total exit costs estimated between $2.6M and $2.9M, including $1.2-1.4M cash costs (severance, retention, other).","Company reaffirms FY2023 guidance: net sales $520M-$550M, adjusted EBITDA $28M-$32M.","Exit allows focus on growing bridge forms product line at same Bedford site."],"urls":{"canonical":"https://secwatch.observer/filing/0000352825-23-000099","json":"https://secwatch.observer/filing/0000352825-23-000099.json","markdown":"https://secwatch.observer/filing/0000352825-23-000099.md","text":"https://secwatch.observer/filing/0000352825-23-000099.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/352825/000035282523000099/0000352825-23-000099-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/352825/000035282523000099/fstr-20230825.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T02:08:09.664079+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d22ae5802e2d74d26b5493821a7d7f23972d9444","claim":"FOSTER L B CO announced a restructuring with charges of $2.6 to $2.9 million affecting Steel Products and Measurement operating segment; fabricated bridge grid deck product line; Bedford, PA and Greentree, PA (separation of certain union and non-union employees both in Bedford and Greentree, PA).","evidence_excerpt":"miscellaneous exit costs of approximately $0.2 million, and non-cash impairment reserves of approximately $1.4 to $1.5 million. Total exit costs are expected to range between $2.6 to $2.9 million, with cash costs ranging between $1.2 and $1.4 million, in its Steel Products and Measurement operating segment. The approximate expense resulting from this exit","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/352825/000035282523000099/0000352825-23-000099-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$2.6 to $2.9 million"},{"label":"Affected area","value":"Steel Products and Measurement operating segment; fabricated bridge grid deck product line; Bedford, PA and Greentree, PA"},{"label":"Headcount","value":"separation of certain union and non-union employees both in Bedford and Greentree, PA"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}