---
schema_version: "secwatch.filing_event.v1"
accession: "0000352825-24-000174"
form_type: "8-K"
ticker: "FSTR"
cik: "0000352825"
company_name: "FOSTER L B CO"
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:44:37.302280+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# L.B. Foster Q2 net sales down 4.9% to $140.8M, net income down 19.4%, updates 2024 guidance, modifies buyback program

## Summary
- Q2 net sales $140.8M, down 4.9% YoY; gross profit $30.5M, down 5.4%; net income $2.8M, down 19.4%; adjusted EBITDA $8.1M, down 23.8%
- Full year 2024 net sales guidance revised to $525M-$550M; adjusted EBITDA guidance $34M-$37M, representing ~12% growth at midpoint
- Enterprise restructuring impacting ~40 salaried employees (7% of salaried workforce); expected annual savings $4.5M, $2.0M in 2024; charges $1.5M in H2 2024
- Board modified stock repurchase program: expiration moved to Feb 2025 (from Feb 2026), removed $5M trailing 12-month restriction; $11M remaining of $15M authorization
- Backlog $249.8M, down $40.3M from prior year record high; new orders $171.0M, up 29.2% sequentially

## SEC filing metadata
- accession: 0000352825-24-000174
- form_type: 8-K
- ticker: FSTR
- cik: 0000352825
- company_name: FOSTER L B CO
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/352825/000035282524000174/0000352825-24-000174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/352825/000035282524000174/fstr-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000352825-24-000174
- JSON: https://secwatch.observer/filing/0000352825-24-000174.json
- Plain text: https://secwatch.observer/filing/0000352825-24-000174.txt

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