Highest-materiality recent filing
L.B. Foster shareholders elect six directors, ratify auditor, approve say-on-pay
All six director nominees elected with over 97% of votes cast (Betler, Kasel, Kunz, Meyer, Owen, Thompson).
L.B. Foster promotes Thalman to COO, Reilly to CFO, Curran to Controller effective June 1, 2026
William Thalman moves from EVP/CFO to EVP/COO; base salary $510k, 75% target bonus, equity grants.
L.B. Foster Q1 net sales $121.1M (+23.9%); net income $1.5M vs loss; reaffirms FY guidance
Net sales $121.1M, up 23.9% YoY; Rail segment sales up 38.4%, Infrastructure up 5.9%.
L.B. Foster Q4 net sales up 25.1% YoY to $160.4M; Adjusted EBITDA rises 89% to $13.7M
Q4 net income $2.4M vs loss of $0.2M last year; full-year net sales $540M (+1.7%).
Director Alexander B. Jones resigns from L.B. Foster board; board reduced to six members
Jones resigned effective December 15, 2025; resignation accepted by board.
L.B. Foster executive VP Brian Kelly to retire Dec 31, 2025; accelerated vesting approved
Brian H. Kelly, EVP & Senior Advisor to CEO, will retire on December 31, 2025.
L.B. Foster Q3 sales up 0.6%, backlog up 18.4%; sees strong Q4 with 115% Adj. EBITDA growth
Sales $138.3M (+0.6%); operating income $8.3M (+13.3%); net income $4.4M (down 87.9% due to prior-year $30M tax benefit).
L.B. Foster board member Janet Lee retires; board size reduced to 7
Janet Lee informed the Board on September 4, 2025, of her immediate retirement.
L.B. Foster Q2 adjusted EBITDA up 51.4% to $12.2M; revises FY2025 guidance higher
Q2 net sales $143.6M (+2.0% YoY); net income $2.9M (+1.3%); adjusted EBITDA $12.2M (+51.4%).
L.B. Foster expands credit facility to $150M, extends maturity to 2030
Borrowing capacity increased from $130M to $150M; incremental $60M loan feature available.
Shareholders approve 2025 equity plan authorizing 785,000 new shares; re-elect all director nominees
Shareholders approved L.B. Foster 2025 Equity and Incentive Compensation Plan, authorizing up to 785,000 shares of common stock.
L.B. Foster Q1 net loss $2.1M; sales down 21.3%; maintains 2025 guidance
Net sales $97.8M vs $124.3M in Q1 2024; net loss of $2.1M vs income of $4.4M.
Q4 net sales $128.2M (-5% YoY); net loss $0.2M vs. $0.4M loss a year ago.
L.B. Foster EVP Brian Kelly to retire Dec 2025; internal promotions to HR and Admin roles
Brian H. Kelly, EVP – Human Resources & Administration, to retire Dec 31, 2025; reassigned as EVP & Senior Advisor to CEO from Jan 1, 2025, compensation unchanged.
L.B. Foster Q3 gross margin 23.8%, highest in 10+ yrs; adj. EBITDA +16.4% YoY
Q3 gross margin 23.8% (best in over a decade) on net sales of $137.5M, down 5.4% YoY.
Audit Committee concluded Q1 and Q2 2024 unaudited financials should no longer be relied upon due to $3.477M gain misclassification.
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%
L.B. Foster EVP Treacy to retire; Friedman named CGO; stockholders approve 1.07M share increase
William Treacy, EVP & Chief Growth Officer, retiring June 30; Retirement Agreement includes accelerated vesting of restricted stock and pro-rata PSUs.
Mr. Sean M. Reilly currently serves as Controller and Principal Accounting Officer of the Company, and was appointed as the Company’s Senior Vice President and CFO effective on the Effective Date.
Mr. William M. Thalman currently serves as the Company’s Executive Vice President and Chief Financial Officer (“EVP and CFO”), and was appointed the Company’s Executive Vice President and Chief Operating Officer effective on the Effective Date.
Mr. Timothy J. Curran currently serves as Vice President - Tax and Treasury, and was appointed Controller and Principal Accounting Officer effective on the Effective Date.
On May 23, 2024, the Board appointed Mr. Brian H. Friedman as Senior Vice President and Chief Growth Officer, effective July 1, 2024.
Mr. William F. Treacy, Jr., Executive Vice President and Chief Growth Officer of L.B. Foster Company (the “Company”), will retire from the Company effective June 30, 2024
Max materiality 0.75 · Median 0.65 · Most common event earnings