---
schema_version: "secwatch.filing_event.v1"
accession: "0000352825-24-000071"
form_type: "8-K"
ticker: "FSTR"
cik: "0000352825"
company_name: "FOSTER L B CO"
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T04:19:39.287557+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# L.B. Foster beats 2023 guidance; net sales $543.7M (+9.3%), adj EBITDA $31.8M; guides 2024 sales $525-560M

## Summary
- Full year 2023 net sales $543.7M (+9.3% YoY, +11.7% organic), above guidance; gross margin expanded 270 bps to 20.7%.
- Full year adjusted EBITDA $31.8M, above guidance; net income $1.3M vs loss of $45.6M in 2022; operating cash flow $37.4M.
- Net debt reduced to $52.7M, leverage improved to 1.7x from 2.8x; $2.3M in stock repurchases (1.2% of outstanding).
- Q4 net sales $134.9M (organic +7.7%); Q4 adjusted EBITDA $6.1M down 18.4% due to higher incentive costs and UK headwinds.
- 2024 guidance: net sales $525-560M, adj EBITDA $34-39M, free cash flow $12-18M; reiterated 2025 goals of ~$600M sales and $50M EBITDA.

## SEC filing metadata
- accession: 0000352825-24-000071
- form_type: 8-K
- ticker: FSTR
- cik: 0000352825
- company_name: FOSTER L B CO
- filed_at: 2024-03-05T23:59:59+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/352825/000035282524000071/0000352825-24-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/352825/000035282524000071/fstr-20240305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000352825-24-000071
- JSON: https://secwatch.observer/filing/0000352825-24-000071.json
- Plain text: https://secwatch.observer/filing/0000352825-24-000071.txt

## Key facts
- Earnings Releases
  FOSTER L B CO reported financial results for fourth quarter ended December 31, 2023.
  - Period: fourth quarter ended December 31, 2023
  - Result: reported results
  source text: L.B. Foster Company (“Company”) issued a press release announcing the Company’s results of operations for the fourth quarter ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/352825/000035282524000071/0000352825-24-000071-index.htm

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