The company said in an earnings statement Tuesday that Rail segment revenue increased 7.2%, driven by strong sales in its core new rail business and the insulated joint product line.
Robert P. Bauer, L. B. Foster's president and chief executive officer, commented, "Both the Rail and Tubular segments reported improved sales and income for the quarter with solid increases in backlog. Although the construction business remains soft, we were able to maintain gross margins on lower sales."