News & Events zu L B Foster Co (FSTR)FSTRL B Foster Co

Kasel Reaffirms FY26 EBITDA Guidance of $41M-$46M

Backs FY26 adjusted EBITDA view $41M-$46M. Kasel concluded, "Our second quarter cash generation of $17.9 million enabled us to reduce total debt by $11.7 million during the quarter and by $33.6 million compared to the prior year quarter. As we look to the balance of the year, our backlog of $246.1 million improved 17.4% during the quarter, reflecting robust bidding activity, particularly within our Rail segment. We are encouraged by the level of project opportunities in the pipeline and believe order activity remains supportive of our growth expectations for the balance of the year. Accordingly, we are reaffirming our full-year financial guidance for 2026, with the midpoints for sales and Adjusted EBITDA representing year-over-year growth of 3.7% and 11.3% respectively. Our guidance continues to assume the current geopolitical landscape will not have a significant impact on the domestic economy, as has been the case thus far. We remain focused on executing our strategy and we are confident in our ability to manage the business in a volatile environment should it develop."

Q2 Revenue of $138.55M Exceeds Consensus

Reports Q2 revenue $138.55M, consensus $134.49M. Backlog increased 17.4% during the quarter. John Kasel, President and Chief Executive Officer, commented, "We delivered another solid quarter, with record operating cash flow resulting in a 41.2% reduction in debt from the prior year and a gross leverage ratio declining by over 50% to 1.0x. We started the year with a strong first quarter, with sales growth of 23.9% over last year. Sales for the second quarter were down 3.5% compared to last year; however, year-to-date sales increased 7.6% over the prior year, reflecting continued growth through the first six months of the year. Our business remains well-positioned and the $36.5 million sequential increase in the backlog gives us confidence in the outlook for growth in the second half of the year. Adjusted EBITDA declined 4.7% compared to the prior year quarter, primarily due to higher personnel costs and variable incentive-based compensation costs associated with our strong year-to-date performance. Despite the second quarter decline, year-to-date Adjusted EBITDA improved $2.8 million or 19.6%, compared to the prior year period."

Major Averages Drop Sharply Amid U.S.-Iran Incident Volatility

The major averages closed broadly lower amid conflicting headlines around a potential U.S.-Iran incident driving volatility. Iran's Navy said it blocked "American-Zionist" warships from entering the Strait, according to state TV reports, while a separate dispatch from Fars said that two missiles struck a U.S. warship near Jask island after it ignored warnings. Neither of these reports has been independently confirmed, though U.S. Central Command wrote in a post on X that "no U.S. Navy ships have been struck."Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:GameStophas submitted aeBayfor $125 per share in cash and stockAmerican Express Global Business Travelby Long Lake for $9.50 per shareNorwegian Cruise Linereportedand cut its FY26 earnings outlookAmazonannounced the launch ofCiscoannounced itsa company engaged in Non-Human Identity Security2. WALL STREET CALLS:OppenheimerAirbnbto Outperform as organic revenue levers materializeGlobalFoundriesto Overweight at Cantor FitzgeraldHSBCAMDto Hold on limited upside potentialAlphabetto Hold from Buy at Freedom BrokerPrudentialto Underweight at Morgan Stanley3. AROUND THE WEB:SoftBank-backedOpay Digital has been working with Citigroup, Deutsche Bank, and JPMorgan Chaseas the platform prepares for an IPO, Bloomberg reportsAs Asia further integrates into Nvidia'sAI business ecosystem, the list of Asian stocks benefitting from partnerships is getting longer, Bloomberg saysUnited Airlineshit a vehicle and light post on a nearby highway during its approach to Newark Liberty International Airport, Bloomberg reportsAnthropic is nearing a deal with Blackstone, Goldman Sachs, and other Wall Street firms to form a $1.5B joint venture that would market AI tools to private equity-backed companies, WSJ saysMetais facing a trial in New Mexico that could prompt a judge to order sweeping changes to how Facebook, Instagram, and WhatsApp operate, Reuters reports4. MOVERS:Blaizegained after signing awith WinmateAMC Entertainmentincreased after announcing it sawProPetro Holdingdeclined after announcing a proposedCogentwas lower after, with revenue missing consensusADT Inc.fell after announcing a5. EARNINGS/GUIDANCE:Tyson Foods, with EPS and revenue beating consensusRLJ Lodging Trust, with CEO Leslie Hale commenting, "We are pleased with our strong first quarter results"Berkshire Hathaway, with revenue higher year-over-yearL.B. Foster, with CEO John Kasel commenting, "We carried the favorable momentum generated at the end of 2025 into our first quarter"Twist Biosciencesand raised its guidance for FY26INDEXES:The Dow fell 557.37, or 1.13%, to 48,941.90, the Nasdaq lost 46.64, or 0.19%, to 25,067.80, and the S&P 500 declined 29.37, or 0.41%, to 7,200.75.