L.B. Foster (FSTR) Q3 FY2026 earnings: revenue $168 million, up 21.5% on the year

L.B. Foster Co. (FSTR) reported revenue of $168 million for Q3 FY2026, the quarter ended 30 September 2026, up 21.5% on the same quarter a year earlier. Net income was $7 million, up 55.4% on the year, and diluted earnings per share $0.64. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue

$168 million

+21.5% on the year · +21.3% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

6.0%

6.0% a year earlier

Q4 FY2024Q3 FY2026

Net income

$7 million

+55.4% on the year · +117.4% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.64

+60.0% on the year · +120.7% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised, 1 lowered.

Third-quarter sales rose 21.5%: Sales were $168.0 million, up $29.7 million, with growth in both segments. Net income attributable to the company rose 55.4% to $6.8 million.
Adjusted EBITDA up 15.1%: Adjusted EBITDA was $13.1 million, up $1.7 million. The quarter added back $131 thousand of strategic initiative costs, including acquisition-related costs.
Rail margin down 320 basis points: Rail gross margin fell to 19.6% from 22.8% on a mix shift toward lower-margin Rail Distribution and UK businesses. Gross profit still rose 13.7% to $20.2 million.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	168	139	138	+21.3%	+21.5%
Cost of revenue	134	108	107	+24.0%	+24.6%
Gross profit	34.4	30.9	31.1	+11.5%	+10.8%
Gross margin	20.5%	22.3%	22.5%
Selling, general and administrative	23.7	24.1	22.1	-1.6%	+7.5%
Operating income	10.1	6.2	8.3	+63.9%	+21.5%
Operating margin	6.0%	4.4%	6.0%
Interest expense	0.8	0.9	1.3	-13.9%	-38.8%
Pre-tax income	9.3	5.5	7.1	+70.9%	+30.5%
Income tax	2.5	2.3	2.8	+9.0%	-9.4%
Effective tax rate	27.3%	42.9%	39.4%
Net income	6.8	3.1	4.4	+117.4%	+55.4%
Net margin	4.0%	2.2%	3.1%
Diluted EPS	$0.64	$0.29	$0.40	+120.7%	+60.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	23.6	17.9	29.2	+31.9%	-19.3%
Capital expenditure	2.7	3.6	2.8	-23.5%	-3.1%
Free cash flow	20.8	14.3	26.4	+45.7%	-21.0%
Free cash flow margin	12.4%	10.3%	19.1%
Cash from investing	-2.7	-3.6	-2.8
Cash from financing	-19.3	-12.5	-27.1
Depreciation and amortisation	2.9	2.8	3.0	+4.0%	-3.5%
Share-based compensation	1.2	1.4	1.3	-12.1%	-7.0%
Buybacks	0.0	0.4	4.7
Diluted shares, weighted	11m	11m	11m	+0.4%	-2.1%
Shares outstanding at period end	10m	10m	10m	+0.0%	+1.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	186	178	175	+4.4%	+6.4%
Non-controlling interest	0.9	0.9	0.8	-0.2%	+11.5%
Debt	28.6	47.9	58.6	-40.3%	-51.2%
Operating lease liabilities	21.3	22.3	25.7	-4.8%	-17.3%
Other liabilities	85.4	85.1	74.0	+0.4%	+15.4%
Total liabilities and equity	322	334	334	-3.6%	-3.6%
Goodwill	32.7	32.7	33.0	-0.0%	-0.8%
Intangible assets	9.7	10.3	12.2	-6.1%	-20.7%
Cash and equivalents	7.2	5.8	3.4	+25.3%	+111.4%
Inventory	59.0	69.6	69.6	-15.2%	-15.2%
Other assets	213	216	216	-1.1%	-1.1%
Total assets	322	334	334	-3.6%	-3.6%

Questions

What was L.B. Foster's revenue in Q3 FY2026?

L.B. Foster (FSTR) reported revenue of $168 million for Q3 FY2026, the quarter ended 30 September 2026, up 21.5% on the same quarter a year earlier.

How much did L.B. Foster earn in Q3 FY2026?

Net income for Q3 FY2026 was $7 million, up 55.4% on the year, and diluted earnings per share $0.64.

When did L.B. Foster report Q3 FY2026 results?

L.B. Foster filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023 †	Q2 FY2023 †	Q3 FY2023 †	Q4 FY2023 * †	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024	Q4 FY2024 * †	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	113	98.8	132	130	137	115	148	145	135	124	141	137	128	97.8	144	138	160	121	139	168
Cost of revenue	93.9	82.3	108	107	110	92.2	115	118	106	98.1	110	105	99.7	77.6	113	107	129	95.4	108	134
Gross profit	19.0	16.4	23.3	23.1	26.8	23.3	32.6	27.4	28.7	26.2	30.5	32.8	28.6	20.2	30.9	31.1	31.6	25.7	30.9	34.4
Gross margin	17%	17%	18%	18%	20%	20%	22%	19%	21%	21%	22%	24%	22%	21%	22%	22%	20%	21%	22%	20%
SG&A	18.1	17.3	19.4	22.6	23.3	21.4	24.5	24.4	27.2	22.9	24.8	24.3	24.5	21.0	22.4	22.1	23.1	23.0	24.1	23.7
Operating income	-0.6	-2.3	2.5	-1.1	-6.3	0.5	6.7	1.6	0.3	5.6	4.6	7.3	3.1	-1.9	7.7	8.3	7.8	2.0	6.2	10.1
Operating margin	-0%	-2%	2%	-1%	-5%	0%	5%	1%	0%	4%	3%	5%	2%	-2%	5%	6%	5%	2%	4%	6%
Interest expense	0.5	0.4	0.4	1.0	1.6	1.4	1.6	1.4	1.1	1.1	1.5	1.4	1.0	1.1	1.5	1.3	1.0	0.9	0.9	0.8
Pre-tax income	-0.7	-2.1	2.8	-2.3	-7.4	-2.7	4.1	0.3	-0.7	4.7	3.2	6.2	0.4	-2.7	6.3	7.1	6.7	1.4	5.5	9.3
Tax rate	n/a	n/a	29%	n/a	n/a	n/a	14%	-37%	n/a	6%	11%	-483%	164%	n/a	55%	39%	65%	-6%	43%	27%
Net income	-0.3	-1.6	2.0	-2.1	-43.9	-2.2	3.5	0.5	-0.4	4.4	2.8	35.9	-0.2	-2.1	2.9	4.4	2.4	1.5	3.1	6.8
Net margin	-0%	-2%	2%	-2%	-32%	-2%	2%	0%	-0%	4%	2%	26%	-0%	-2%	2%	3%	2%	1%	2%	4%
Diluted EPS	-$0.03	-$0.15	$0.18	-$0.20	-$4.09	-$0.20	$0.32	$0.05	-$0.04	$0.40	$0.26	$3.27	-$0.02	-$0.20	$0.27	$0.40	$0.22	$0.14	$0.29	$0.64
Operating cash flow	n/a	-7.6	-5.7	-5.5	8.3	6.9	-10.3	18.6	22.1	-21.4	-5.0	25.2	24.3	-26.1	10.4	29.2	22.2	-10.4	17.9	23.6
Capital expenditure	1.1	1.8	1.3	1.5	3.1	0.7	0.8	1.3	2.1	2.7	2.1	3.5	n/a	2.6	2.7	2.8	2.4	3.0	3.6	2.7
Free cash flow	n/a	-9.4	-7.0	-7.0	5.2	6.2	-11.1	17.4	19.9	-24.2	-7.0	21.7	n/a	-28.7	7.7	26.4	19.8	-13.4	14.3	20.8
Buybacks	0.2	0.4	0.0	0.0	0.0	0.3	0.7	0.2	1.4	1.6	1.5	2.6	2.5	6.1	2.3	4.7	3.4	3.8	0.4	0.0
Shares outstanding	11m	11m	11m	11m	11m	11m	11m	11m	11m	11m	11m	11m	11m	11m	10m	10m	10m	10m	10m	10m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.