---
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"
generated_at: "2026-06-11T02:08:09.664079+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# L.B. Foster exits bridge grid deck product line; expects $2.6-2.9M in exit costs

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.05, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000352825-23-000099
- JSON: https://secwatch.observer/filing/0000352825-23-000099.json
- Plain text: https://secwatch.observer/filing/0000352825-23-000099.txt

## Key facts
- Restructurings & Charges
  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).
  - Type: restructuring
  - Charge: $2.6 to $2.9 million
  - Affected area: Steel Products and Measurement operating segment; fabricated bridge grid deck product line; Bedford, PA and Greentree, PA
  - Headcount: separation of certain union and non-union employees both in Bedford and Greentree, PA
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/352825/000035282523000099/0000352825-23-000099-index.htm

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