We hosted a presentation with L.B. Foster President and CEO John Kasel and EVP and CFO Bill Thalman at the Sidoti Year End 2025 Virtual Small-Cap Conference.
Management commentary reiterated the expectation for a strong 4Q:25, with momentum building into 2026 for both the Rail and Infrastructure Solutions segments.
Optimism for more normalized performance in select Returns platforms should also be a 2026 improvement driver, relative to 2025.
Our moderate risk rating balances FSTR's modestly leveraged balance sheet with its capital-light model and a structurally improving free cash flow profile.
Our $31 price target continues to be based on 15x our 2027 EPS estimate of $2.09.
22 Dec 2025
Conference Takeaways And 2026 Outlook: Organic Gains In Growth Platforms And Normalized Performance Within Returns Platforms Are Key 2026 Drivers; Maintain $31 Price Target
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Conference Takeaways And 2026 Outlook: Organic Gains In Growth Platforms And Normalized Performance Within Returns Platforms Are Key 2026 Drivers; Maintain $31 Price Target
We hosted a presentation with L.B. Foster President and CEO John Kasel and EVP and CFO Bill Thalman at the Sidoti Year End 2025 Virtual Small-Cap Conference.
Management commentary reiterated the expectation for a strong 4Q:25, with momentum building into 2026 for both the Rail and Infrastructure Solutions segments.
Optimism for more normalized performance in select Returns platforms should also be a 2026 improvement driver, relative to 2025.
Our moderate risk rating balances FSTR's modestly leveraged balance sheet with its capital-light model and a structurally improving free cash flow profile.
Our $31 price target continues to be based on 15x our 2027 EPS estimate of $2.09.