L.B. Foster reported mixed second-quarter results, with revenue beating estimates but earnings falling short, while reaffirming its full-year 2026 guidance. Revenue of $138.55 million, down 3.5% year-over-year, exceeded the consensus estimate by $4.06 million. GAAP earnings per share of $0.29 missed by $0.12. Gross margin expanded 80 basis points to 22.3%, and adjusted EBITDA declined 4.7% to $11.7 million. The company generated $17.9 million in operating cash flow, improving its gross leverage ratio to 1.0x, and backlog increased 17.4% during the quarter. L.B. Foster reaffirmed its fiscal 2026 outlook, projecting net sales between $540 million and $580 million, adjusted EBITDA of $41 million to $46 million, capital spending at approximately 2.7% of sales, and free cash flow of $15 million to $25 million.
LB Foster CompanyMixed Q2 results with revenue beat but EPS miss, reaffirmed guidance
