L.B. Foster Reports Strong Q3 2026 Growth with Increased Sales and Raised Full-Year Guidance
L.B. Foster (FSTR) reported robust third-quarter 2026 results, highlighted by a 21.5% year-over-year increase in net sales to $168.0 million. This growth was primarily fueled by significant volume increases in the Rail and Infrastructure segments, with Rail segment sales jumping over 32%. The company also saw a substantial 35.7% surge in new orders compared to the previous year. Despite a 200-basis point decline in gross margin due to a shift toward lower-margin business mixes, the company demonstrated strong operational efficiency and cash management. L.B. Foster raised its full-year sales guidance to between $570 million and $590 million and increased its free cash flow outlook. The acquisition of Dulworth's residential wastewater precast business is expected to contribute approximately $18 million in annual revenue.
Tickers: $FSTR
Topics: Adjusted EBITDA Financial Performance Infrastructure Segment Net Sales Rail Segment