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.
L.B. Foster Q1 net sales up 7.6% to $124.3M; adjusted EBITDA up 32.4%; reaffirms FY guidance
Net sales $124.3M (+7.6% YoY); net income $4.4M vs prior year loss; gross margin 21.1% (+90bps).
L.B. Foster EVP & Chief Growth Officer William Treacy to retire effective June 30, 2024
William F. Treacy, Jr., Executive Vice President and Chief Growth Officer, notified retirement on April 30, 2024.
Full year 2023 net sales $543.7M (+9.3% YoY, +11.7% organic), above guidance; gross margin expanded 270 bps to 20.7%.
L.B. Foster enters cooperation agreement with 22NW; nominates Alexander Jones to board
22NW Fund, beneficial owner of ~11% of FSTR common stock, entered a Cooperation Agreement on Jan 25, 2024.
L.B. Foster expands board to 8, elects David J. Meyer as independent director
Board expanded from 7 to 8 members; Meyer elected effective January 1, 2024.
Gross profit $28.2M (+22.2% YoY); gross margin 19.4% (+160 bps); adj. gross margin 21.2% (+40 bps).
L.B. Foster revises exit costs up to $4.5-4.8M for bridge grid deck product line exit
Non-cash impairment charges increased to $2.2-2.3M from $1.4-1.5M.
L.B. Foster exits bridge grid deck product line; expects $2.6-2.9M in exit costs
Product line had ~$9M in sales over last twelve months; operations to cease in Q4 2023.
L.B. Foster Q2 sales up 12.6%, gross margin up 410 bps; raises 2023 EBITDA guidance to $28–32M
Q2 net sales $148.0M (+12.6% YoY); gross profit $32.3M (+38.5%); gross margin 21.8% (+410 bps).
L.B. Foster corrects vote count for director John E. Kunz; all proposals pass at annual meeting
Amendment corrects John E. Kunz 'Votes For' to 8,494,564 (previously misstated in original 8-K).
L.B. Foster shareholders elect all director nominees and approve say-on-pay at annual meeting
All seven director nominees elected; Raymond T. Betler received 8,474,825 votes for, 86,668 withheld.
Net sales $115.5M (+16.9% YoY); gross margin 20.2% (up 360 bps).
Agreement with 22NW Fund (9.3% owner) appoints Alexander B. Jones as non-voting board observer effective immediately.
Q4 net sales $137.2M (+21.4% YoY); net loss $43.9M ($4.09/diluted) includes $37.9M deferred tax valuation allowance and $8.0M impairment.
L.B. Foster appoints Janet Lee to board; directors Rowland and Purgason retire Dec 31
Suzanne Rowland and Robert Purgason to retire Dec 31, 2022; no disagreement with company.
L.B. Foster Q3 net loss $2.1M; adjusted EBITDA up 110.8% to $9.3M, backlog at 5-year high
Net loss of $2.1M ($0.20 per diluted share) vs prior-year income of $2.3M ($0.22).
L.B. Foster director William H. Rackoff retires; board reduced to 8 members
William H. Rackoff retired from the Board on October 26, 2022.
L.B. Foster files amended 8-K with audited 2021 financials of acquired VanHooseCo; revenue $28.7M
VanHooseCo 2021 net sales $28.7M, net income $1.35M, operating income $2.56M.
L.B. Foster completes VanHooseCo acquisition; files purchase agreement
Acquisition of VanHooseCo Precast (precast concrete products) closed Aug 12, 2022.
L.B. Foster acquires VanHooseCo Precast assets for $50.5M; expands precast concrete business
Acquired VanHooseCo operating assets for $50.5M in cash, funded through Credit Agreement.
L.B. Foster Q2 net income falls to $2.0M ($0.18 EPS); orders up 2.1% to $141.4M
Net sales $131.5M, down 14.9% YoY largely due to Piling divestiture; adjusted sales down 0.7%.
L.B. Foster shareholders elect all 9 directors, approve 2022 equity plan
All director nominees elected; Betler (8.3M for), Jungé (6.2M for) among highest/lowest votes.
L.B. Foster Q1 net loss widens to $1.6M; orders up 17.7% ex-Piling, backlog $244.6M
Net loss of $1.6M ($0.15 per share) vs loss of $1.3M ($0.12) in Q1 2021.
L.B. Foster Q4 net loss $0.4M vs income $2.3M prior year; FY adj. EPS $0.13 down from $0.98
Q4 net loss from continuing ops $0.4M ($0.03 loss per share) vs net income $2.3M ($0.21) a year ago.
Sean M. Reilly, 49, previously VP Finance at Kennametal's Metal Cutting Division (over $1B sales), appointed Controller and principal accounting officer.
L.B. Foster Q3 net sales up 9.9% to $130.1M; adjusted EPS falls to $0.02 from $0.09
Net income from continuing ops: $2.3M ($0.21 diluted), vs $16.6M ($1.56) prior year which included $15.8M tax benefit.
Controller and PAO James Kempton resigns effective Nov 2, 2021; CFO assumes duties
James M. Kempton notified resignation to become CFO of another public company.
L.B. Foster completes sale of Piling Products division to J.D. Fields for $24M
Sale proceeds of ~$24M; buyer is J.D. Fields & Company; closing date Sept 24, 2021.
New $130M revolver (up from $115M) matures Aug 13, 2026; incremental feature allows up to $50M additional.
L.B. Foster Q2 net sales up 9.2% YoY to $154.5M; net income $0.27 per diluted share
Q2 net sales $154.5M, +9.2% YoY (+33.1% sequentially); gross profit $26.2M, -7.0% YoY.
L.B. Foster names John F. Kasel CEO as Robert P. Bauer retires; details compensation
John F. Kasel appointed President and CEO, effective July 21, 2021; base salary $550,000.
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
On April 30, 2024, Mr. William F. Treacy, Jr., Executive Vice President and Chief Growth Officer, notified L.B. Foster Company (the “Company”) of his intention to retire from the Company effective June 30, 2024.
Mr. Dirk Jungé, an incumbent member of the Board, will not be standing for reelection to the Board at the 2024 Annual Meeting.
Ms. Suzanne B. Rowland and Mr. Robert S. Purgason informed the Board of Directors (the “Board”) that they intend to retire on December 31, 2022.
Ms. Suzanne B. Rowland and Mr. Robert S. Purgason informed the Board of Directors (the “Board”) that they intend to retire on December 31, 2022.
the Board voted to elect Ms. Janet Lee as an independent director effective January 1, 2023
Mr. William H. Rackoff informed the Board of Directors (the “Board”) that he intended to retire on that same date.
its Board of Directors (the “Board”) appointed Mr. Sean M. Reilly as Controller and principal accounting officer of the Company, with his term commencing effective January 10, 2022
Max materiality 0.75 · Median 0.65 · Most common event earnings