L.B. Foster Company (FSTR)

Overview

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.

Products and Services

• Rail, Technologies, and Services:

  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.

• Infrastructure Solutions:

  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.