FOSTER L B CO
For the period ended Nov 3, 2025. Filed Nov 3, 2025.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Nov 3, 2025 · Filed Nov 3, 2025
Contents
EX-99.1 · Infrastructure Solutions Segment
Infrastructure Solutions Segment
| Three Months EndedSeptember 30, · Change · PercentChange | ||||
|---|---|---|---|---|
| 2025 | 2024 | 2025 vs. 2024 | 2025 vs. 2024 | |
| Net sales | $60,498 | $57,968 | $2,530 | 4.4% |
| Gross profit | $13,320 | $14,287 | $(967) | (6.8) |
| Gross profit margin | 22.0% | 24.6% | (260) bps | (10.6) |
| Segment operating income | $4,147 | $5,110 | $(963) | (18.8) |
| Segment operating income margin | 6.9% | 8.8% | (190) bps | (21.6) |
| New orders, net1 | $28,416 | $43,298 | $(14,882) | (34.4) |
| Backlog1 | $107,183 | $120,342 | $(13,159) | (10.9) |
Net sales for the 2025 third quarter improved $2.5 million, or 4.4%, over the prior year quarter, with the increase due to growth in both business units. Steel Products sales increased by $1.9 million, or 12.7% over the prior year quarter due to sales volume growth in the Protective Coatings business. Sales volumes in the Precast Concrete business unit increased by $0.6 million, or 1.4%, over the prior year quarter.
Gross profit for the 2025 third quarter decreased $1.0 million from the prior year quarter and gross profit margins declined 260 basis points to 22.0%. Gross profit declined $2.2 million in the Precast Concrete business due to unfavorable sales mix coupled with higher manufacturing costs, including $0.6 million associated with the startup of our Florida precast facility in line with our growth strategy. Higher volumes and a favorable sales mix resulted in a $1.2 million increase in gross profit for Steel Products.
Segment operating income for the 2025 third quarter declined $1.0 million from the prior year quarter due to lower gross profit levels.
Third quarter new orders, net decreased $14.9 million, or 34.4%, from the prior year quarter, due to order cancellations primarily in the Steel Products business unit. The trailing twelve month book-to-bill ratio was 0.94 : 1.00. Backlog was down $13.2 million, or 10.9%, from the prior year quarter due to order cancellations in the Steel Products business unit offset in part by a $4.0 million increase, or 4.9%, in backlog for Precast Concrete.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.