L.B. Foster Company reported a modest increase in net sales for the fiscal year ending December 31, 2025, reaching $540.0 million, up from $530.8 million in 2024. The company's gross profit, however, declined to $113.8 million, resulting in a gross profit margin of 21.1%, down from 22.2% the previous year. The decrease in gross profit was primarily attributed to challenges in the Rail segment, which saw a 6.5% decline in net sales due to reduced demand and restructuring activities in the UK. In contrast, the Infrastructure Solutions segment experienced a 14.9% increase in sales, driven by higher volumes in precast concrete products.
The company undertook significant strategic changes during the year, including the discontinuation of its Automation and Materials Handling product line and the grid deck product line within the Infrastructure segment. These exits were part of a broader strategy to streamline operations and focus on more profitable areas. The company incurred exit costs totaling $1.4 million related to these product line discontinuations. Additionally, L.B. Foster completed a restructuring program aimed at reducing costs within its UK operations, which resulted in a total of $2.2 million in restructuring expenses.
Operationally, L.B. Foster's total employee headcount as of December 31, 2025, was 1,191, with a significant portion based in the U.S. The company reported a backlog of $189.3 million, reflecting a slight increase from the previous year, driven by improved order intake in the Rail segment. The company’s international sales accounted for approximately 11% of total sales, with a notable presence in Canada and the UK. The company continues to focus on enhancing its product offerings and expanding its market share, particularly in the infrastructure sector.
Looking ahead, L.B. Foster expressed cautious optimism regarding its financial outlook, emphasizing the importance of managing costs and improving operational efficiencies. The company remains committed to investing in growth initiatives while navigating potential challenges such as fluctuating market conditions and rising material costs. The management's forward-looking statements highlight the need for adaptability in response to evolving market dynamics and customer demands, particularly in the context of ongoing economic uncertainties.
About FOSTER L B CO
L.B. Foster Company is a global provider of engineered products and services supporting infrastructure, including rail, transportation, and civil construction markets. Its core segments include Rail Technologies and Infrastructure Solutions, offering track components, friction management, precast concrete, steel products, and digital monitoring systems. The company serves North America, Europe, South America, and Asia, emphasizing safety, innovation, and sustainable practices in building and maintaining critical infrastructure.
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