earnings
confidence high
sentiment neutral
materiality 0.60
L.B. Foster Q2 net income up 7.9% to $3.1M; record operating cash flow, reaffirms FY26 guidance
FOSTER L B CO
- Q2 net sales $138.6M (-3.5% YoY); net income $3.1M (+7.9%); Adj EBITDA $11.7M (-4.7%).
- Operating cash flow $17.9M, highest Q2 since 2017; total debt cut to $48.0M, gross leverage 1.0x.
- Backlog up 17.4% sequentially to $246.1M; reaffirms FY26 sales $540-580M, Adj EBITDA $41-46M.
- Tew Exit costs $2.6M in Q2; Rail sales -5.2%, Infrastructure -1.5%.
- H1 sales +7.6% to $259.7M; net income $4.6M vs $0.8M; Adj EBITDA +19.6% to $16.8M.