L.B. Foster Company (FSTR) reported a strong Q1 2026, with revenue of $121.1 million, marking a 23.9% increase year-over-year and exceeding the $105 million consensus estimate. The company also reversed an expected loss of $0.22 per share, achieving a profit of $0.14. EBITDA rose to $5.2 million from $1.8 million a year ago, while gross margins expanded from 20.6%.
Despite a year-over-year backlog decline of 11.7% to $209.6 million, L.B. Foster experienced a 10.7% sequential increase in backlog during the quarter, attributed to a surge in order rates. The rail sales segment was particularly robust, climbing 38.4%, bolstered by renewed federal funding for repair and maintenance projects.
For full-year 2026, the company projects revenue between $540 million and $580 million and adjusted EBITDA of $41 million to $46 million. Trailing twelve-month sales are near the midpoint of these ranges at $563 million, indicating positive momentum moving forward.
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