Business Segments (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Segment Reporting Information, by Segment

The operating results of the Company’s reportable segments were as follows for the periods presented:


	Three Months Ended March 31,
	2026						2025
	Rail, Technologies, and Services		Infrastructure Solutions		Total		Rail, Technologies, and Services		Infrastructure Solutions		Total
Net sales	$	74,776	$	46,368	$	121,144	$	54,015	$	43,777	$	97,792
Less:
Cost of sales	(58,634)		(36,814)		(95,448)		(41,986)		(35,655)		(77,641)
Selling and administrative employment costs	(7,567)		(5,843)		(13,410)		(7,399)		(5,564)		(12,963)
Purchased services (1)	(1,773)		(1,546)		(3,319)		(1,673)		(1,358)		(3,031)
General administrative costs (2)	(1,645)		(1,355)		(3,000)		(1,993)		(1,342)		(3,335)
Amortization expense	(337)		(281)		(618)		(820)		(302)		(1,122)
Segment operating income (loss)	$	4,820	$	529	$	5,349	$	144	$	(444)	$	(300)

Reconciliation of segment operating income
Total segment operating income (loss)					$	5,349					$	(300)
Interest expense - net					(851)						(1,143)
Other income - net					217						318
Public company costs					(1,105)						(1,125)
Corporate executive management costs					(790)						(220)
Corporate management stock-based compensation					(1,409)						(278)

Income (loss) before income taxes					$	1,411					$	(2,748)

(1) Purchased services costs generally include contractor services, insurance expenditures, rental expense, and legal services.

(2)General administrative costs generally include office supplies, utilities, advertising, bad debt expense, and any restructuring expenditures.

Reconciliations of reportable depreciation and amortization and expenditures for long-lived assets to the Company’s consolidated totals are as follows for the periods presented:


	Three Months Ended March 31,
	2026				2025
	Depreciation/Amortization		Expenditures for Long-Lived Assets		Depreciation/Amortization		Expenditures for Long-Lived Assets
Rail, Technologies, and Services	$	693	$	274	$	1,168	$	427
Infrastructure Solutions	1,679		1,959		1,764		2,038
Reportable segments total	$	2,372	$	2,233	$	2,932	$	2,465
Corporate	523		727		495		110
Total	$	2,895	$	2,960	$	3,427	$	2,575

The following table summarizes the Company's total assets by reportable segment for the following periods:


	March 31, 2026		December 31, 2025
Rail, Technologies, and Services	$	145,709	$	155,552
Infrastructure Solutions	138,939		128,489

Reportable segments total	284,648		284,041
Corporate	49,135		46,331
Total	$	333,783	$	330,372

Schedule of Restructuring Reserve

The following table sets forth a reconciliation of the beginning and ending restructuring liability balance for all programs through March 31, 2026:


	Restructuring Liability
Balance as of December 31, 2025	$	846

Cash paid	(270)

Balance as of March 31, 2026	$	576

FOSTER L B CO 10-Q