FOSTER L B CO 2026: Revenue $138.55M, EPS $0.29— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Foster L B Co reported Q2 2026 results with revenue of $138.55M, a 3.5% decline year-over-year, while net income rose 9.7% to $3.12M and diluted EPS increased 7.4% to $0.29. Rail sales drove growth in the first half, though channel shifts occurred. Gross margins improved by 60 basis points to 21.8%. The company exited unprofitable UK product lines, incurring exit costs, while rail backlog grew due to a large UK order.
FOSTER L B CO reported results for the period ended 2026 with revenue of $138.55M, down from $143.56M a year earlier, while net income rose to $3.12M and diluted EPS increased to $0.29.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $138.55M | $143.56M | (3.5%) |
| Net income² | $3.12M | $2.84M | 9.7% |
| Diluted EPS³ | $0.29 | $0.27 | 7.4% |
¹ Reported as “Total net sales”. ² Reported as “Net income”. ³ Reported as “Diluted earnings per common share”.
Business Highlights
- Rail sales rose 12.9% year-to-date, driving total net sales up 7.6% for the six months, led by Global Friction and TS&S.
- Channel and mix shifted as TS&S and Global Friction Management posted material growth, offsetting declines in Rail Products and Steel Products.
- Gross margins improved about 60 basis points year-to-date to 21.8%, supported by favorable mix and manufacturing execution in Precast.
- The company exited the AMH product line in 2025 and the Tew product line in 2026, incurring related exit costs to scale back unprofitable UK offerings.
- Rail backlog increased 8.2% quarter-over-quarter due to a large UK order; new orders were mixed across segments, affecting near-term execution.
Original SEC Filing: FOSTER L B CO [ FSTR ] - 10-Q - Aug. 10, 2026