L.B. Foster Company remains a "Buy" as strong order flow and attractive valuation support further upside despite mixed recent financials. FSTR's Infrastructure Solutions segment is thriving, offsetting weakness in Rail, Technologies, and Services, with growth driven by steel products and protective coatings. Shares are undervalued both absolutely and relative to peers, with low multiples and ongoing share buybacks enhancing shareholder value.
L.B. Foster Company ( FSTR ) Q3 2025 Earnings Call November 3, 2025 8:30 AM EST Company Participants John Kasel - President, CEO & Director William Thalman - Executive VP & CFO Lisa Durante Conference Call Participants Julio Romero - Sidoti & Company, LLC Liam Burke - B. Riley Securities, Inc., Research Division Presentation Operator " John Kasel President, CEO & Director " William Thalman Executive VP & CFO " Lisa Durante " Julio Romero Sidoti & Company, LLC " Sidoti & Company, LLC Liam Burke B.
L.B. Foster Company offers compelling upside as a small-cap stock, with rising backlog, orders, and improving financials supporting a continued 'buy' rating. Despite recent underperformance versus the broader market, the company's revenue, profits, and cash flows are climbing, and shares remain attractively valued. Growth in Infrastructure Solutions, especially precast concrete, offsets rail segment weakness, with government spending fueling demand and new production capacity online.
| Ground Transportation Industry | Industrials Sector | John F. Kasel CEO | NASDAQ (NGS) Exchange | 350060109 CUSIP |
| US Country | 1,057 Employees | 23 Sep 2016 Last Dividend | - Last Split | 26 Mar 1990 IPO Date |
The L.B. Foster Company, established in 1902 and headquartered in Pittsburgh, Pennsylvania, plays a pivotal role in supporting building and infrastructure projects across the United States, Canada, the United Kingdom, and globally. Operating through two main segments—Rail, Technologies, and Services; and Infrastructure Solutions—the company specializes in providing a wide range of engineered and manufactured products as well as comprehensive services tailored to meet the complex needs of the construction industry. The diversity of its offerings, combined with a strong focus on innovation and quality, positions L.B. Foster as a key contributor to the development and maintenance of critical infrastructure worldwide.
In this segment, L.B. Foster supplies new and used rail products to various railroads and industrial sectors. It encompasses a broad spectrum of rail accessories, insulated rail joints, fixation fasteners, trackwork products, engineered concrete railroad ties, friction management systems, and comprehensive railroad condition monitoring systems and equipment. This includes the supply of sophisticated wayside data collection and management systems, along with monitoring solutions for rockfall, flood, earthworks, and bridge strikes, ensuring safe and efficient rail operations. The segment also extends to offering valuable aftermarket services to its clients.
Under the Infrastructure Solutions segment, L.B. Foster manufactures and supplies a variety of precast concrete products and steel bridge components. Products such as restrooms, concession stands, and protective storage buildings, marketed under the CXT brand, serve national, state, and municipal parks predominantly. The segment also specializes in the production of sound walls, bridge beams, box culverts, septic tanks, and other custom pre-stressed and precast concrete products, catering to a wide range of infrastructure needs. Additionally, it offers corrosion protection solutions, concrete-reinforced steel grid decking, open steel grid deck, and aluminum bridge railing, along with turnkey solutions for metering and injection systems catering to the oil and gas markets. This encompasses a suite of services including the cutting, threading, and painting of pipe; threading services for water well applications; protective pipeline coating services; and a comprehensive approach to delivering metering and injection system solutions.