L.B. Foster board authorizes 3-year $40 million stock repurchase program

On March 3, 2025, the Company’s Board of Directors authorized the repurchase of up to $40.0 million of the Company’s common stock in open market transactions and/or 10b5-1 trading plans through February 29, 2028. The new authorization replaces the previous $15.0 million share repurchase authorization which expired at the end of February 2025. Any repurchases will be subject to the Company’s liquidity, including availability of borrowings and covenant compliance under its revolving credit facility, and other capital needs of the business.