The acquisition is small relative to L.B. Foster's market cap of $377M (deal value ~14% of market cap). Monitor integration progress over the next 12-18 months and the next quarterly filing for initial revenue contribution and any guidance updates reflecting the acquisition.
Price Chart
Executive Summary
L.B. Foster Company, through its subsidiary CXT Incorporated, completed the acquisition of the operating assets of Dulworth Enterprises, Inc. for $52.18 million in cash on October 28, 2026. Dulworth manufactures precast concrete products and Aeris aerobic treatment systems, with expected annual revenue of approximately $18 million and estimated EBITDA contribution of $6.5-$7.5 million after integration. The deal was funded with cash on hand and the revolving credit facility.
Key Financial Metrics
Key Facts
- Acquisition of Dulworth Enterprises operating assets closed on October 28, 2026
- Purchase price of $52,180,000 in cash, subject to customary indemnification holdbacks
- Dulworth expected to generate approximately $18 million in annual revenue
- Estimated EBITDA contribution of $6.5 million to $7.5 million after 12-18 month integration
- Funded with cash on hand and existing revolving credit facility
- Acquired business to be integrated into Precast Concrete Products unit within Infrastructure Solutions segment
- Separate real estate purchase agreement for $3,700,000 for associated real property
Financial Impact
Purchase price of $52.18 million in cash; target expected to contribute $18M revenue and $6.5-$7.5M EBITDA post-integration
Risk Factors
- Integration risks over 12-18 month timeline to realize stated EBITDA synergies
- Dulworth is a private company; unaudited financials may differ from expectations
- Execution risk in expanding precast concrete product portfolio into new end markets
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000352825-26-000053 |
| Exhibit: ex-991form8xkprojectworth.htm | 0000352825-26-000053 |
| Document: fstr-20261028.htm | 0000352825-26-000053 |
| Document: 0000352825-26-000053-index-headers.html | 0000352825-26-000053 |
| Document: 0000352825-26-000053-index.html | 0000352825-26-000053 |
| Document: 0000352825-26-000053.txt | 0000352825-26-000053 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | $36.39 | awaiting T+20 | awaiting T+20 | $35.85 (−1.48%) |
Aug 22, 2026 10w ago | Institutional Cluster | $37.50 $37.77 | ▲ +0.72% | ▼ −0.59% | $35.85 (−4.40%) |
Aug 10, 2026 11w ago | 8-K | No price | awaiting T+20 | awaiting T+20 | No price |
Aug 10, 2026 11w ago | Press Release | $39.58 $38.01 | ▼ −3.97% | ▼ −3.05% | $35.85 (−9.42%) |
Aug 3, 2026 12w ago | Press Release | $41.49 $37.51 | ▼ −9.59% | ▼ −10.83% | $35.85 (−13.59%) |
May 21, 2026 23w ago | 8-K | $38.08 $43.77 | ▲ +14.94% | ▲ +14.61% | $35.85 (−5.86%) |
May 4, 2026 25w ago | 8-K | $36.60 $41.35 | ▲ +12.98% | ▲ +7.33% | $35.85 (−2.05%) |
Apr 27, 2026 26w ago | Press Release | $31.81 $39.32 | ▲ +23.61% | ▲ +18.65% | $35.85 (+12.70%) |
Apr 10, 2026 29w ago | DEFA14A | $30.00 $40.36 | ▲ +34.53% | ▲ +26.01% | $35.85 (+19.50%) |
Mar 3, 2026 34w ago | Press Release | $31.66 $27.90 | ▼ −11.88% | ▼ −7.47% | $35.85 (+13.23%) |
US Market Status
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