Want to see FSTR full AI Analyst Report?
EarningsQ2 2026 Earnings Report
FSTR Q2 2026 EPS Results
Actual EPS$0.29
Consensus EPS$0.41
Beat/MissMissed by -$0.12
One Year Ago EPS$0.27
FSTR Q2 2026 Revenue Results
Actual Revenue$138.55M
Expected Revenue$134.49M
Beat/MissBeat by +$4.06M
YoY Revenue Growth-3.49%
Earnings Announcement Details
QuarterQ2 2026
Date08/10/2026
TimeBefore Open
Conference CallMonday, August 10, 2026
FSTR Upcoming Earnings
L. B. Foster Company's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
FSTR Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong balance sheet improvement, exceptional Q2 cash generation, meaningful year-to-date revenue and EBITDA growth, and margin expansion, offset by short-term quarterly revenue softness, higher SG&A/incentive costs, exit-related charges, and lumpiness in backlog driven by a canceled large order and softer Precast activity. Overall, management maintained guidance, highlighted liquidity and buyback optionality, and pointed to solid demand in several growth platforms (Global Friction Management, TS&S, Precast) and a sizable multi-year U.K. order that supports near-term execution.Company Guidance
Strong Quarterly Cash Generation
Generated $17.9 million of operating cash flow in Q2 — the highest Q2 level since 2017 — an improvement of $7.5 million versus prior year; year-to-date operating cash flow improved by $23.2 million versus prior year.
Material Debt and Leverage Reduction
Net debt declined $13.5 million (24.2%) during the quarter and $35.2 million (45.5%) year-over-year to $42.2 million; gross leverage reduced from 2.2x to 1.0x (greater than 50% reduction).
Year-to-Date Sales and EBITDA Growth
Six-month sales increased 7.6% to $259.7 million; year-to-date adjusted EBITDA rose 19.6% to $16.8 million, reflecting higher volumes and improved gross profit.
Margin Expansion
Consolidated gross margin expanded 80 basis points in Q2 to 22.3% and 60 basis points year-to-date to 21.8%; Rail margins improved 70 bps to 20.6% and Infrastructure margins improved 80 bps to 24.1%, driven by favorable mix and manufacturing efficiency.
Strong Performance in Key Growth Platforms
Global Friction Management sales increased 18.1% in Q2; Technology Services & Solutions grew 66.9% in Q2 (U.K. short-term project activity); Rail backlog improved 8.2% year-over-year and sequential backlog rose 17.4% from Q1, including a multi-year U.K. order of ~GBP 15 million.
Healthy Liquidity and Capital Allocation Optionality
Approximately $71 million of federal NOLs available to offset cash taxes; repurchased >1 million shares (9.3% of outstanding) since early 2023 and $28.7 million remaining buyback capacity; capital spending targeted at ~2.7% of sales (midpoint ~$15 million).
Maintained Full-Year Guidance and Cash Flow Targets
Management maintained full-year expectations and free cash flow guidance of $15–$25 million (midpoint $20 million), noting most free cash flow is expected in H2.
Leadership Continuity and Internal Promotions
Multiple internal promotions (new CFO and COO effective June 1, SVP Rail successor named, and several senior management promotions) supporting operational continuity and execution.
FSTR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed