FOSTER L B CO
For the period ended Mar 3, 2026. Filed Mar 3, 2026.
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Mar 3, 2026 · Filed Mar 3, 2026
Contents
EX-99.1 · Infrastructure Solutions Segment
Infrastructure Solutions Segment
| Three Months EndedDecember 31, · Change · PercentChange | ||||
|---|---|---|---|---|
| 2025 | 2024 | 2025 vs. 2024 | 2025 vs. 2024 | |
| $ in thousands, unless otherwise noted: · (Unaudited) | ||||
| Net sales | $62,423 | $49,029 | $13,394 | 27.3% |
| Gross profit | $14,212 | $11,063 | $3,149 | 28.5 |
| Gross profit margin | 22.8% | 22.6% | 20 bps | 0.9 |
| Segment operating income | $5,318 | $2,030 | $3,288 | 162.0 |
| Segment operating income margin | 8.5% | 4.1% | 440 bps | 106.3 |
| New orders, net1 | $47,241 | $52,205 | $(4,964) | (9.5) |
| Backlog1 | $92,358 | $123,460 | $(31,102) | (25.2) |
Net sales for the 2025 fourth quarter increased $13.4 million, or 27.3%, over the prior year quarter. The increase in sales is due to improved volumes in both business units. Precast Concrete Products net sales increased $7.2 million, or 18.7%, over the prior year quarter. Steel Products net sales increased $6.2 million, or 58.2%, over the prior year quarter primarily due to improved demand in the Protective Coatings business.
Gross profit for the 2025 fourth quarter increased $3.1 million, or 28.5%, over the prior year quarter, and gross profit margins improved 20 basis points to 22.8%. Gross profit in the Precast Concrete business unit was essentially flat compared to the prior year quarter due to higher volumes offset by 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 $3.0 million increase in gross profit for Steel Products.
Segment operating income for the 2025 fourth quarter improved $3.3 million over the prior year quarter due to the improved gross profit.
New orders, net decreased $5.0 million, or 9.5%, from the prior year quarter with the decline realized in both business units. The trailing twelve month book-to-bill ratio 1 was 0.87 : 1.00 and was impacted by an order cancellation in the third quarter. Backlog decreased $31.1 million from the prior year quarter due to a decline of 6.7% in Precast Concrete and a decline of 59.6% in Steel Products due primarily to the order cancellation.
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