L. B. Foster Company ( (FSTR) ) has released its Q1 earnings. Here is a breakdown of the information L. B. Foster Company presented to its investors.
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L.B. Foster Company, a global technology solutions provider for the rail and infrastructure markets, has reported its financial results for the first quarter of 2025. The company, known for its innovative engineering and product development, operates across North America, South America, Europe, and Asia.
In the first quarter of 2025, L.B. Foster experienced a decline in sales and profitability compared to the same period last year, primarily due to reduced demand in its Rail Distribution segment. However, the Infrastructure segment saw a 5% increase in sales, driven by growth in Precast Concrete. The company reported a net loss of $2.1 million, a significant drop from the $4.4 million profit in the previous year.
Key financial metrics indicate a 21.3% decrease in net sales to $97.8 million, with adjusted EBITDA falling by 69.3% to $1.8 million. Despite these challenges, the company saw a 12.6% increase in new orders and a 6.7% rise in backlog, suggesting strong future demand. The company also managed to reduce operating expenses by 8.4%, which partially offset the impact of lower gross profits.
Looking ahead, L.B. Foster maintains its full-year financial guidance, expecting improved sales and profitability in the coming quarters. The company is optimistic about its strong order book and backlog, which are expected to drive near-term growth. Management remains confident in navigating the volatile macroeconomic environment and achieving its financial targets for 2025.