FOSTER L B CO
For the period ended Aug 10, 2026. Filed Aug 10, 2026.
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Aug 10, 2026 · Filed Aug 10, 2026
Contents
EX-99.1 · Infrastructure Solutions Segment
Infrastructure Solutions Segment
| Three Months EndedJune 30, · Change · Percent Change | ||||
|---|---|---|---|---|
| $ in thousands, unless otherwise noted: | 2026 | 2025 | 2026 vs. 2025 | 2026 vs. 2025 |
| Net sales | $66,538 | $67,585 | $(1,047) | (1.5)% |
| Gross profit | $16,063 | $15,768 | $295 | 1.9 |
| Gross profit margin | 24.1% | 23.3% | 80 bps | 3.4 |
| Segment operating income | $6,571 | $6,766 | $(195) | (2.9) |
| Segment operating income margin | 9.9% | 10.0% | (10) bps | 1.0 |
| New orders, net1 | $63,869 | $61,411 | $2,458 | 4.0 |
| Backlog1 | $104,718 | $139,220 | $(34,502) | (24.8) |
Net sales for the 2026 second quarter decreased $1.0 million, or 1.5%, from the prior year quarter. The decline was driven by $2.0 million, or 9.3%, in Steel Products, which was partially offset by sales growth of $0.9 million, or 2.1%, in Precast.
Gross profit for the 2026 second quarter increased $0.3 million, or 1.9%, over the prior year quarter. Precast gross profit improved $0.6 million due to improved business mix. Steel Products gross profit declined $0.3 million due to lower sales volumes. Gross profit margins improved 80 basis points to 24.1%.
Segment operating income for the 2026 second quarter declined $0.2 million from the prior year quarter due to an increase in selling and administrative expenses offset in part by improved gross profit.
New orders, net for the 2026 second quarter increased $2.5 million, or 4.0%, over the prior year quarter, due primarily to a 73.3% increase in Steel Products stemming from strong Protective Coatings demand. This was partially offset by a 15.4% decrease in Precast. The trailing twelve month book-to-bill ratio 1 was 0.85 : 1.00, which included a large order cancellation last year. Backlog was down $34.5 million from the prior year quarter due to the order cancellation in the Steel Products business coupled with a decline of 17.1% in Precast.
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