L.B. Foster Announces Executive Promotions to Enhance Strategy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2026
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Source: Newsfilter
- Executive Promotions: L.B. Foster announced the promotion of Bill Thalman, Sean Reilly, and T.J. Curran effective June 1, 2026, aiming to enhance company performance and shareholder returns while driving strategic initiatives.
- Thalman as COO: Bill Thalman will transition from CFO to COO, leveraging his extensive financial and operational experience to drive growth in the infrastructure market and enhance overall operational efficiency.
- Reilly as CFO: Sean Reilly will take on the role of CFO, previously holding various executive positions at Kennametal, and his leadership is expected to optimize financial management and strategic execution within the company.
- Curran as Controller: T.J. Curran is promoted to Controller, overseeing global tax and financial functions, and his expertise in tax compliance and financial reporting will provide stronger financial support to help the company achieve long-term growth objectives.
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About FSTR
L.B. Foster Company is a global technology solutions provider of engineered, manufactured products and services that builds and supports infrastructure. The Company operates in two segments: Rail, Technologies, and Services (Rail), and Infrastructure Solutions. The Company’s Rail segment consists of several manufacturing, distribution, and service businesses that provide various products, solutions, and services for freight and passenger railroads and other industrial companies throughout the world. The Rail segment also offers contract project management and aftermarket services. The Rail segment comprises the Rail Products, Global Friction Management, and Technology Services and Solutions business units. The Infrastructure Solutions segment designs, manufactures, and deploys advanced technologies that impact the built environment, including precast concrete buildings and products, bridge products, pipe protective coatings, and threading.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
L.B. Foster Announces Executive Promotions to Enhance Strategy
- Executive Promotions: L.B. Foster announced the promotion of Bill Thalman, Sean Reilly, and T.J. Curran effective June 1, 2026, aiming to enhance company performance and shareholder returns while driving strategic initiatives.
- Thalman as COO: Bill Thalman will transition from CFO to COO, leveraging his extensive financial and operational experience to drive growth in the infrastructure market and enhance overall operational efficiency.
- Reilly as CFO: Sean Reilly will take on the role of CFO, previously holding various executive positions at Kennametal, and his leadership is expected to optimize financial management and strategic execution within the company.
- Curran as Controller: T.J. Curran is promoted to Controller, overseeing global tax and financial functions, and his expertise in tax compliance and financial reporting will provide stronger financial support to help the company achieve long-term growth objectives.
See More
L.B. Foster Company Reports Strong Q1 2026 Earnings with 23.9% Sales Growth
- Significant Sales Growth: L.B. Foster Company reported Q1 2026 net sales of $121.1 million, reflecting a robust 23.9% year-over-year increase, driven by a 38.4% surge in Rail segment sales and a 5.9% rise in Infrastructure, indicating strong market demand recovery.
- Improved Profitability: The company achieved an EBITDA of $5.2 million in Q1, representing a substantial 183% increase compared to last year, while gross margins improved by 60 basis points to 21.2%, showcasing effective cost management and operational efficiency.
- Debt Management Optimization: Although the normal working capital cycle increased total debt by $16.9 million, the company successfully reduced total debt by $22.8 million year-over-year through disciplined capital allocation, resulting in a leverage ratio decrease from 2.5x to 1.2x, indicating improved financial health.
- Optimistic Market Outlook: Management reaffirmed full-year financial guidance for 2026, anticipating a return to normal demand in the Rail segment, supported by active government funding programs, while also focusing on expansion into Western Europe and commercialization of new products.
See More
L.B. Foster Q1 Earnings Beat Expectations with Strong Revenue Growth
- Earnings Highlights: L.B. Foster reported Q1 EPS of $0.14, surpassing the consensus estimate of -$0.18, indicating an improvement in profitability despite still being below last year's figures.
- Revenue Growth: The company achieved net sales of $121.14 million in Q1, reflecting a 23.9% year-over-year increase and beating expectations by $16.85 million, driven by a remarkable 38.4% growth in the rail segment and a 5.9% increase in infrastructure sales.
- 2026 Financial Guidance: L.B. Foster projects net sales for 2026 to range between $540 million and $580 million, with adjusted EBITDA expected to be between $41 million and $46 million, demonstrating confidence in future growth prospects.
- Capital Expenditure and Cash Flow: The company anticipates capital spending to be approximately 2.7% of sales, with free cash flow projected between $15 million and $25 million, reflecting a robust strategy in investment and cash flow management.
See More
L.B. Foster Reports Strong Q1 2026 Growth with 23.9% Sales Increase
- Significant Sales Growth: In Q1 2026, net sales reached $121.1 million, a 23.9% increase year-over-year, with rail segment sales soaring by 38.4%, indicating a strong recovery in domestic rail demand that is expected to enhance the company's market share further.
- Improved Profitability: The first quarter net income was $1.5 million, an increase of $3.6 million from last year, while EBITDA reached $5.2 million, up 183%, demonstrating the company's significant achievements in enhancing gross margins and controlling operating costs.
- Cash Flow Improvement: Cash used in operations for the quarter was $10.4 million, a $15.7 million improvement over last year, reflecting ongoing optimization in cash management and operational efficiency, which helps bolster financial flexibility.
- Financial Guidance Reaffirmed: The company reaffirmed its 2026 financial guidance, expecting sales to reach between $540 million and $580 million, with adjusted EBITDA projected between $41 million and $46 million, showcasing confidence in future growth prospects.
See More
L.B. Foster Company Reports Record Q4 Sales for 2025
- Quarterly Sales Surge: L.B. Foster Company reported fourth-quarter net sales of $160.4 million for 2025, marking a 25.1% year-over-year increase and surpassing analyst expectations by 1%, indicating robust demand in the Rail and Infrastructure segments.
- Earnings Miss: Despite the sales growth, GAAP earnings per share came in at $0.22, falling short of Wall Street expectations by 66%, primarily due to a higher effective tax rate and UK pretax losses, highlighting tax-related challenges faced by the company.
- Annual Performance Review: For the full year 2025, net sales rose 1.7% to $540 million, adjusted EBITDA increased by 16.4% to $39.1 million, but net income plummeted from $42.95 million in FY2024 to $7.55 million, largely due to the absence of a one-off tax valuation allowance benefit from the previous year.
- Future Outlook: Management provided guidance for 2026, anticipating approximately 3.7% sales growth and adjusted EBITDA expansion of 10%-11%, with free cash flow projected to reach $20 million and capital expenditures expected to rise to about 2.7% of sales, reflecting confidence in future growth.
See More
L.B. Foster Company Reports Strong Q4 2025 Earnings Growth
- Significant Sales Growth: L.B. Foster Company reported net sales of $160.4 million for Q4 2025, reflecting a 25.1% year-over-year increase, with both rail and infrastructure segments achieving double-digit growth, underscoring the company's strong market performance and competitiveness.
- Enhanced Profitability: Adjusted EBITDA reached $13.7 million, an impressive 89% increase, while operating cash flow totaled $22.2 million, indicating substantial improvements in cash generation and profitability, providing ample funding for future investments.
- Effective Strategic Execution: The company undertook restructuring in its U.K. rail business, incurring a $2.2 million charge but expecting annual savings of $1.5 to $2 million in 2026, demonstrating its commitment to cost control and efficiency enhancement.
- Optimistic Outlook: L.B. Foster projects a 3.7% sales growth and an 11.3% increase in adjusted EBITDA for 2026, with overall backlog up about 15% in early 2026, reflecting sustained strong market demand and a solid foundation for future growth.
See More
L.B. Foster Announces Executive Promotions to Enhance Strategy
- Executive Promotions: L.B. Foster announced the promotion of Bill Thalman, Sean Reilly, and T.J. Curran effective June 1, 2026, aiming to enhance company performance and shareholder returns while driving strategic initiatives.
- Thalman as COO: Bill Thalman will transition from CFO to COO, leveraging his extensive financial and operational experience to drive growth in the infrastructure market and enhance overall operational efficiency.
- Reilly as CFO: Sean Reilly will take on the role of CFO, previously holding various executive positions at Kennametal, and his leadership is expected to optimize financial management and strategic execution within the company.
- Curran as Controller: T.J. Curran is promoted to Controller, overseeing global tax and financial functions, and his expertise in tax compliance and financial reporting will provide stronger financial support to help the company achieve long-term growth objectives.
See More
L.B. Foster Company Reports Strong Q1 2026 Earnings with 23.9% Sales Growth
- Significant Sales Growth: L.B. Foster Company reported Q1 2026 net sales of $121.1 million, reflecting a robust 23.9% year-over-year increase, driven by a 38.4% surge in Rail segment sales and a 5.9% rise in Infrastructure, indicating strong market demand recovery.
- Improved Profitability: The company achieved an EBITDA of $5.2 million in Q1, representing a substantial 183% increase compared to last year, while gross margins improved by 60 basis points to 21.2%, showcasing effective cost management and operational efficiency.
- Debt Management Optimization: Although the normal working capital cycle increased total debt by $16.9 million, the company successfully reduced total debt by $22.8 million year-over-year through disciplined capital allocation, resulting in a leverage ratio decrease from 2.5x to 1.2x, indicating improved financial health.
- Optimistic Market Outlook: Management reaffirmed full-year financial guidance for 2026, anticipating a return to normal demand in the Rail segment, supported by active government funding programs, while also focusing on expansion into Western Europe and commercialization of new products.
See More
L.B. Foster Q1 Earnings Beat Expectations with Strong Revenue Growth
- Earnings Highlights: L.B. Foster reported Q1 EPS of $0.14, surpassing the consensus estimate of -$0.18, indicating an improvement in profitability despite still being below last year's figures.
- Revenue Growth: The company achieved net sales of $121.14 million in Q1, reflecting a 23.9% year-over-year increase and beating expectations by $16.85 million, driven by a remarkable 38.4% growth in the rail segment and a 5.9% increase in infrastructure sales.
- 2026 Financial Guidance: L.B. Foster projects net sales for 2026 to range between $540 million and $580 million, with adjusted EBITDA expected to be between $41 million and $46 million, demonstrating confidence in future growth prospects.
- Capital Expenditure and Cash Flow: The company anticipates capital spending to be approximately 2.7% of sales, with free cash flow projected between $15 million and $25 million, reflecting a robust strategy in investment and cash flow management.
See More
L.B. Foster Reports Strong Q1 2026 Growth with 23.9% Sales Increase
- Significant Sales Growth: In Q1 2026, net sales reached $121.1 million, a 23.9% increase year-over-year, with rail segment sales soaring by 38.4%, indicating a strong recovery in domestic rail demand that is expected to enhance the company's market share further.
- Improved Profitability: The first quarter net income was $1.5 million, an increase of $3.6 million from last year, while EBITDA reached $5.2 million, up 183%, demonstrating the company's significant achievements in enhancing gross margins and controlling operating costs.
- Cash Flow Improvement: Cash used in operations for the quarter was $10.4 million, a $15.7 million improvement over last year, reflecting ongoing optimization in cash management and operational efficiency, which helps bolster financial flexibility.
- Financial Guidance Reaffirmed: The company reaffirmed its 2026 financial guidance, expecting sales to reach between $540 million and $580 million, with adjusted EBITDA projected between $41 million and $46 million, showcasing confidence in future growth prospects.
See More
L.B. Foster Company Reports Record Q4 Sales for 2025
- Quarterly Sales Surge: L.B. Foster Company reported fourth-quarter net sales of $160.4 million for 2025, marking a 25.1% year-over-year increase and surpassing analyst expectations by 1%, indicating robust demand in the Rail and Infrastructure segments.
- Earnings Miss: Despite the sales growth, GAAP earnings per share came in at $0.22, falling short of Wall Street expectations by 66%, primarily due to a higher effective tax rate and UK pretax losses, highlighting tax-related challenges faced by the company.
- Annual Performance Review: For the full year 2025, net sales rose 1.7% to $540 million, adjusted EBITDA increased by 16.4% to $39.1 million, but net income plummeted from $42.95 million in FY2024 to $7.55 million, largely due to the absence of a one-off tax valuation allowance benefit from the previous year.
- Future Outlook: Management provided guidance for 2026, anticipating approximately 3.7% sales growth and adjusted EBITDA expansion of 10%-11%, with free cash flow projected to reach $20 million and capital expenditures expected to rise to about 2.7% of sales, reflecting confidence in future growth.
See More
L.B. Foster Company Reports Strong Q4 2025 Earnings Growth
- Significant Sales Growth: L.B. Foster Company reported net sales of $160.4 million for Q4 2025, reflecting a 25.1% year-over-year increase, with both rail and infrastructure segments achieving double-digit growth, underscoring the company's strong market performance and competitiveness.
- Enhanced Profitability: Adjusted EBITDA reached $13.7 million, an impressive 89% increase, while operating cash flow totaled $22.2 million, indicating substantial improvements in cash generation and profitability, providing ample funding for future investments.
- Effective Strategic Execution: The company undertook restructuring in its U.K. rail business, incurring a $2.2 million charge but expecting annual savings of $1.5 to $2 million in 2026, demonstrating its commitment to cost control and efficiency enhancement.
- Optimistic Outlook: L.B. Foster projects a 3.7% sales growth and an 11.3% increase in adjusted EBITDA for 2026, with overall backlog up about 15% in early 2026, reflecting sustained strong market demand and a solid foundation for future growth.
See More
