L.B. Foster Company (Foster), incorporated on April 15, 1998, is a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets. The Company's segments include Rail Products and Services, Construction Products, and Tubular and Energy Services. Its Rail Products segment provides a range of new and used rail, trackwork and accessories to railroads, mines and industry. The Rail segment also designs and produces concrete railroad ties, insulated rail joints, power rail, track fasteners, coverboards and special accessories for mass transit and other rail systems. The Construction Products segment sells and rents steel sheet piling, H-bearing pile and other piling products for foundation and earth retention requirements. The Tubular and Energy Services segment supplies pipe coatings for natural gas pipelines and utilities, blending, injection and metering equipment for the oil and gas market, and produces threaded pipe products for industrial water well and irrigation markets. The Company is a member of a joint venture, LB Pipe & Coupling Products, LLC (LB Pipe JV), in which it has ownership interest. The LB Pipe JV manufactures, markets and sells various precision couplings and other tubular products for the energy, utility and construction markets.
Rail Products and Services
The Company's Rail Products segment consists of a range of manufacturing and distribution businesses that provide a range of products for railroads, transit authorities, industrial companies and mining applications throughout North America and Europe. Its Rail Products segment has sales offices throughout the United States, Canada and Europe, and bids on rail projects where it can offer products manufactured by the Company or sourced from a range of suppliers. These products are provided as a package to rail lines, transit authorities and construction contractors. The segment consists of the three business units: rail manufacturing and distribution, Rail Technologies and pre-stressed CXT Concrete Tie products.
Rail Distribution sells new rail mainly to passenger and shortline freight railroads, industrial companies and rail contractors for the replacement of existing lines or expansion of new lines. Rail accessories sold by the Rail Distribution unit includes track work, track spikes, bolts, angle bars and other products required to install or maintain rail lines. It sells these products to railroads, rail contractors, industrial customers and transit agencies. These products are manufactured by the Company or purchased from other manufacturers. The Company's Allegheny Rail Products (ARP) division engineers and markets insulated rail joints and related accessories for the railroad and mass transit industries. Insulated joints are manufactured at the Company's facilities in Pueblo, Colorado and Niles, Ohio. The Company's Transit Products division supplies power rail, direct fixation fasteners, and special accessories for mass transit systems. Most of these products are manufactured by subcontractors and are usually sold by sealed bid to transit authorities or to rail contractors. The Company's Trackwork division sells track work products to Class two and three railroads, industrial and export markets.
The Company's subsidiary, L.B. Foster Rail Technologies, Inc. (Rail Technologies), engineers, manufactures and assembles friction management products, railway wayside data collection and management systems, and related products. It also engineers and manufactures stick friction modifiers and related application systems. The Company's friction management products control the friction at the rail/wheel interface. Friction management products include mobile and wayside application systems that distribute lubricants and solid and liquid friction modifiers. These products and systems are designed, engineered, manufactured and fabricated by certain subsidiaries located in the United States, Canada, United Kingdom and Germany. The Company manufactures engineered concrete railroad ties at its subsidiary, CXT Incorporated, for freight and passenger railroads and industrial companies at its facility in Spokane, Washington.
Construction Products
The Company's Construction products segment consists of business units, including Piling Products, Fabricated Bridge Products and Precast Concrete Products. The Company's sheet piling products are interlocking structural steel sections that are used to provide lateral support at construction sites. Its bearing piling products are steel H-beam sections which are driven into the ground for support of structures, such as bridge piers and high-rise buildings. Piling is used in water and land applications, including cellular cofferdams and OPEN CELL structures in inland river systems and ports. Its piling products are sourced from various manufacturers and either sold or rented to project owners and contractors. The piling division, through a sales force deployed throughout the United States, markets and sells piling domestically and internationally. This division offers its customers various types and dimensions of structural beam piling, sheet piling and pipe piling. The Company is a distributor of domestic steel sheet piling for its primary supplier.
The Company's fabricated products facility in Bedford, Pennsylvania, manufactures a number of fabricated steel and aluminum products primarily for the highway, bridge and transit industries, including concrete reinforced steel grid deck, open steel grid deck, aluminum bridge railing, and stay-in-place steel bridge forms. The precast concrete products unit primarily manufactures concrete buildings for national, state and municipal parks. This unit manufactures restrooms, concession stands, and other protective storage buildings available in multiple designs, textures and colors. The unit also manufactures various other precast products, such as burial vaults, bridge beams, box culverts, septic tanks, and other custom pre-stressed and precast concrete products. The products are manufactured in Spokane, Washington; Hillsboro, Texas, and Waverly, West Virginia.
Tubular and Energy Services
The Company's Tubular and Energy Services segment has approximately four primary product or service groups, including Coated Pipe, Threaded Products, precision measurement systems and upstream tess, and inspection services. Coated Pipe business unit comprises over two pipeline service. The Birmingham, Alabama facility coats the outside diameter and the inside diameter of pipe primarily for oil and gas transmission pipelines. This location partners with its primary customer, a pipe manufacturer, to market fusion bonded epoxy coatings, abrasion resistant coatings, and internal linings for a range of pipe diameters for pipeline projects throughout North America. The second location is in Willis, Texas. The Willis facility applies specialty outside and inside diameter coatings for a range of pipe diameters for oil and gas transmission, mining and wastewater pipelines. This location also provides custom coatings for specialty fittings and field service connections. The Company's Magnolia, Texas facility cuts, threads, and paints pipe primarily for water well applications for the agriculture industry, municipal water authorities, and Oil Country Tubular Goods (OCTG) markets.
The Company manufactures and provides solution for metering and injection systems for the oil and gas industry. The Willis, Texas location operates a fabrication plant that builds metering systems for custody transfer applications, including crude oil and other petroleum-based products. These systems are used at well sites, pipelines, refineries, chemical plants and loading/unloading facilities. The Willis location also manufactures and installs additive and dye injection systems. These systems are used to inject performance additives and/or dyes into petroleum products. The Company provides inspection and tubular integrity management services for the upstream oil and gas industry. Its services include non-destructive testing, inspection and other asset integrity services, such as repair and threading for OCTG and drill tools. Inspection and testing of these products, which includes replaceable and re-usable products such as casing, production tubing, drill pipe, directional motors, drill collars and related equipment is a critical preventative measure to ensure personnel and well-site safety. The Company offers these services in every oil and gas-producing region throughout the United States.
415 Holiday Dr
The company trades on NASDAQ exchange. The company headquarter is located in Pennsylvania, PA. The company was established in the 1902.| Ticker | FSTR |
| Long Name | L.B. Foster Company |
| Short Name | L.B. Foster |