L.B. Foster reported second quarter 2026 results with cash generation of $17.9 million, the highest second quarter level since 2017. Net debt was reduced by $13.5 million, or 24.2%, during the quarter and by $35.2 million, or 45.5%, compared to last year, while gross leverage was cut by over 50% from 2.2x last year to 1.0x at quarter end. Revenue declined 3.5% to $138.6 million due to order timing, but first-half sales increased 7.6% to $259.7 million, and adjusted EBITDA for the first half rose 19.6% to $16.8 million. The company reaffirmed full-year guidance, with free cash flow expected between $15 million and $25 million, and noted a backlog of $246.1 million positions it well for a strong second half.
LB Foster CompanyStrong cash generation, debt reduction, and reaffirmed guidance indicate solid financial performance.
