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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
L.B. Foster Company
L.B. Foster Company (FSTR) investor relations material
L.B. Foster Company Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary4 Nov, 2026
Executive summary
Q3 sales rose 21.5% to $167.996M; Adjusted EBITDA increased 15.1% to $13.1M, and net income attributable to shareholders rose 55.4% to $6.764M.
Nine-month sales increased 12.7% to $427.690M, Adjusted EBITDA rose 17.6% to $29.9M, and attributable net income reached $11.376M.
Financial highlights
Q3 gross profit increased $3.360M to $34.426M, while gross margin fell 200 bps to 20.5% on unfavorable Rail mix.
SG&A was $23.7M, or 14.1% of sales, down 190 bps as a share of sales YoY.
Q3 operating cash flow was $23.6M versus $29.2M YoY; nine-month operating cash flow rose to $30.975M from $13.447M.
Nine-month operating income increased to $18.276M from $14.050M, and diluted EPS rose to $1.07 from $0.47.
Outlook and guidance
FY2026 guidance: sales $570M–$590M, Adjusted EBITDA $42M–$45M, free cash flow $20M–$28M, and capital spending 2.0%–2.2% of sales.
Sales guidance rose on higher Rail Distribution and UK volume expectations; free cash flow guidance increased, while the Adjusted EBITDA range narrowed around its original midpoint.
Guidance assumes no material Dulworth impact and excludes purchase-accounting adjustments and transaction costs.
Q4 guidance assumes no material Dulworth contribution, given the late-quarter close, seasonally slower construction activity, and integration work.
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Latest events from L.B. Foster Company
- A $180 million shelf enables future multi-security offerings as Dulworth integration proceeds.FSTR
Registration filing - Sales grew 9.3%, margins expanded, and net debt fell $36.3M in 2023.FSTRQ4 2023
- 1H growth and record Q2 cash flow support investment in rail and Precast growth.FSTRSmall-Cap Virtual Conference
- Strategic transformation drove margin expansion, debt reduction, and strong cash flow.FSTRInvestor presentation
- Portfolio transformation and organic growth drive margin gains and strong financial outlook.FSTR17th Annual Midwest IDEAS Conference
- Record Q2 cash flow, reduced debt, and improved margins support a strong 2026 outlook.FSTRQ2 2026
- Portfolio transformation and operational focus drive margin and growth outlook for 2026.FSTRSidoti Small-Cap Virtual Investor Conference
- Gross margin hit a 10-year high as net income and cash flow surged, improving the outlook.FSTRQ3 2024
- Strategic transformation drives margin expansion, cash flow, and growth amid infrastructure demand.FSTR15th Annual Midwest IDEAS Investor Conference
Next L.B. Foster Company earnings date
Q4 20262 Mar, 2027
L.B. Foster Company
Next L.B. Foster Company earnings date
Q4 20262 Mar, 2027
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Frequently asked questions
L.B. Foster Company is an American company that provides products and services for the transportation and construction industries. The company specializes in manufacturing and distributing rail and track components, including rail fastening systems, friction management products, and rail monitoring solutions. In addition to rail infrastructure, L.B. Foster also supplies construction materials such as steel piling, precast concrete products, and coatings. The company serves clients in sectors like railroads, transit, ports, and energy, offering solutions to improve infrastructure reliability and efficiency. The company is headquartered in Pittsburgh, Pennsylvania, and its shares are listed on the Nasdaq.