Earnings Releases·Nov 4, 2026, 7:34 AM ET

L.B. Foster — Third Quarter 2026 Earnings Summary

**Financial Performance:** Q3 2026 net sales rose 21.5% YoY to $168.0 million and net income surged 55.4% to $6.8 million; however, gross profit margin compressed 200 bps to 20.5% due to business mix shifts, while total debt decreased 51.1% YoY to $28.7 million.
**Guidance Updates:** Management raised 2026 full-year net sales guidance to $570.0–$590.0 million and Adjusted EBITDA to $42.0–$45.0 million, while narrowing the EBITDA range and widening the free cash flow range to $20.0–$28.0 million.
**Strategic M&A:** The company completed the $52.2 million acquisition of Dulworth Enterprises' residential wastewater and Aeris platforms on October 28, 2026, with management excluding purchase accounting impacts from revised guidance.
**Segment & Order Trends:** Consolidated new orders, net increased 35.7% to $155.8 million, driven by a 141.6% surge in Infrastructure Solutions orders, though consolidated backlog decreased 5.1% to $234.7 million.