FOSTER L B CO
For the period ended Aug 11, 2025. Filed Aug 11, 2025.
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Aug 11, 2025 · Filed Aug 11, 2025
Contents
EX-99.1 · Infrastructure Solutions Segment
Infrastructure Solutions Segment
| Three Months EndedJune 30, · Change · PercentChange | ||||
|---|---|---|---|---|
| 2025 | 2024 | 2025 vs. 2024 | 2025 vs. 2024 | |
| Net sales | $67,585 | $55,202 | $12,383 | 22.4% |
| Gross profit | $15,768 | $12,638 | $3,130 | 24.8 |
| Gross profit margin | 23.3% | 22.9% | 40 bps | 1.9 |
| Segment operating income | $6,766 | $3,623 | $3,143 | 86.8 |
| Segment operating income margin | 10.0% | 6.6% | 340 bps | 51.8 |
| New orders1 | $61,411 | $53,997 | $7,414 | 13.7 |
| Backlog1 | $139,220 | $135,011 | $4,209 | 3.1 |
Net sales for the 2025 second quarter improved $12.4 million, or 22.4%, over the prior year quarter. Sales increased due to strong sales growth in Precast Concrete Products, which increased $12.2 million, or 36.0% over the prior year quarter. Sales volumes in the Steel Products business unit increased $0.2 million, or 0.7% due to sales volume growth in the Protective Coatings business offset by declines in the bridge forms product line and the exit of the bridge grid deck product line.
Gross profit for the 2025 second quarter increased $3.1 million and gross profit margins expanded 40 basis points to 23.3%, driven by higher sales volumes in the Precast Concrete Products and Protective Coatings businesses. Gross profit for the second quarter of 2024 includes a $0.8 million gain realized on the sale of an ancillary property.
Segment operating income for the 2025 second quarter improved $3.1 million over the prior year quarter due to improved gross profit levels.
Second quarter new orders increased $7.4 million, or 13.7%, over the prior year quarter, due to order growth in the Precast Concrete Products business. The trailing twelve month book-to-bill ratio was 1.02 : 1.00. Backlog was up $4.2 million, or 3.1%, over the prior year quarter, including a $7.9 million increase, or 36.8%, in backlog for the Protective Coatings business.
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