L.B. Foster Q2 Beat Revenue, Missed Profit | Business and Finance News

L.B. Foster beat revenue expectations in Q2 with $138.6M, but saw a 3.5% year-over-year dip and missed profit forecasts—blamed on delayed rail orders, rising personnel costs, and exiting underperforming U.K. products. The company is pivoting toward higher-margin areas like precast concrete and coatings, backed by a $246.1M sales backlog poised to drive growth in the second half. Despite the quarter’s hiccups, they’re reaffirming full-year revenue guidance and slightly boosting their EBITDA outlook, confident in converting backlog and managing costs to rebound. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e9b2f572513cc85a