Foster Highlights Rail Tech Growth as Cash Flow Hits Best Level Since 2017

L.B. Foster (NASDAQ:FSTR) told investors that it’s reshaping its portfolio and investing in rail technology, precast concrete infrastructure and balance-sheet flexibility as cash flow reached its best level since 2017. At an investor presentation, CEO John Kasel said the company is approaching its 125th anniversary, has 1,200 employees, and operates in two rail-focused segments plus Infrastructure. He described simplifying the Rail Products business by reducing product lines, closing locations and exiting increasingly commoditized components, while emphasizing technology and engineering offerings such as Global Friction Management and Technology Services & Solutions. Kasel cited LIDAR-based off-track monitoring aimed at early warnings on rail lines. CFO Sean Reilly said second-quarter sales fell 3.5% due to timing, while first-half sales rose 7.6% ($18.3 million).