L.B. Foster backs FY26 revenue view $540M-$580M, consensus $556.54M

Backs FY26 adjusted EBITDA view $41M-$46M. Kasel concluded, “As expected, we’re off to a great start to the year and remain optimistic about our prospects for continuing progress in 2026. While the first quarter backlog is down 11.7% compared to last year, order rates increased significantly in the back half of the quarter resulting in a 10.7% increase in backlog during the quarter. Project bidding activity has been robust and we believe order rates will continue to improve as the year progresses. The government funding programs that support our customer project work remain active, and there are no signs of disruption in funding like we experienced last year. We’re also seeing early signs that the actions we’ve taken in the UK Rail business are translating into improvements in 2026. Accordingly, we’re reaffirming our financial guidance for 2026, with the midpoints for sales and Adjusted EBITDA representing year over year growth of 3.7% and 11.3%, respectively. It should be noted that our guidance assumes the current volatile geopolitical landscape does not have a significant impact on the domestic economy. We’ll continue to monitor market conditions and adjust as needed.”