L.B. Foster FY26 Q2 net income rises 7.9% to $3.11 million; net sales fall 3.5% to $138.55 million
FSTR•L.B. Foster reports higher Q2 net income despite lower sales
L.B. Foster posted Q2 net income of $3.11 million, up 7.9% year over year, as net sales fell 3.5% to $138.55 million.
- Operating income dropped 19.9% to $6.15 million.
- Gross margin widened 0.8 percentage point to 22.3%.
- Operating cash flow jumped 71.7% to $17.86 million, cutting total debt 41.2% year over year to $47.99 million.
- Backlog rose 17.4% sequentially to $246.11 million, while new orders edged up 0.2% year over year to $176.08 million.
- The company reaffirmed full-year 2026 guidance for net sales of $540 million-$580 million, adjusted EBITDA (non-GAAP) of $41 million-$46 million, and free cash flow (non-GAAP) of $15 million-$25 million.
