L.B. Foster Announces the Appointment of William M. Thalman as Chief Monetary Officer

PITTSBURGH, Feb. 19, 2021 (World NEWSWIRE) — L.B. Foster Firm (the “Company”) (NASDAQ: FSTR), has appointed Mr. William (Invoice) M. Thalman as Senior Vice President and Chief Monetary Officer of the Company, successful March 1, 2021. Mr. Thalman delivers to the corporation substantial practical experience from a effective job in finance and working positions. Mr. Thalman was previously employed by Kennametal, Inc., a publicly-traded corporation furnishing metallic cutting and put on-safety options to various industries, given that 2004, most not too long ago serving as Vice President – Advanced Content Remedies since 2016 and Vice President – Transformation Place of work due to the fact 2019. Prior to his most recent assignments, Mr. Thalman served in roles of escalating responsibility, like Vice President – Finance Infrastructure, Director of Finance – M&A and Arranging, Director of Finance – Kennametal Europe, and Assistant Corporate Controller. Prior to Kennametal, Mr. Thalman held positions the place he experienced accountability for treasury, trader relations, and fiscal reporting. Early in his job, he labored in community accounting at Coopers & Lybrand (now PriceWaterhouseCoopers). Mr. Thalman retains a Bachelor of Science degree in Accounting from West Virginia University and a Grasp of Organization Administration diploma from the College of Pittsburgh.

Robert P. Bauer, President and Chief Government Officer of the Firm, commented on the appointment, “I am really pleased that Invoice has resolved to sign up for the administration team as our Chief Financial Officer. He provides a exclusive established of skills and concepts from decades of expertise in management positions that include things like financial, operations, and organization transformation assignments. His demonstrated success and management qualities are an excellent fit, and they arrive at a time when the firm is sharply concentrated on driving performance advancements and adapting to switching marketplaces.”

About L.B. Foster Enterprise

L.B. Foster Organization (the “Company”) (NASDAQ: FSTR), and its subsidiaries give products and products and services for the rail field, and options to assistance significant infrastructure jobs. Our impressive engineering and product development alternatives inspire the protection, reliability, and functionality of our customer’s difficult prerequisites. The Corporation maintains locations in North The usa, Europe, and Asia. For much more info, please go to www.lbfoster.com.

Story carries on

This launch may perhaps have “forward-looking” statements inside the which means of Area 21E of the Securities Trade Act of 1934, as amended, and Portion 27A of the Securities Act of 1933, as amended. Ahead-seeking statements give management’s latest anticipations of foreseeable future activities based mostly on specified assumptions and contain any statement that does not right relate to any historical or current truth. Sentences that contains words these types of as “believe,” “intend,” “plan,” “may,” “expect,” “should,” “could,” “anticipate,” “estimate,” “predict,” “project,” or their negatives, or other comparable expressions of a long run or ahead-looking mother nature commonly really should be regarded as forward-wanting statements. Forward-seeking statements in this earnings release are based mostly on management’s existing anticipations and assumptions about long run occasions that require inherent challenges and uncertainties and may perhaps problem, among the other items, the Company’s expectations relating to our tactic, goals, projections, and options concerning our monetary placement, liquidity, money methods, and success of operations and conclusions with regards to our strategic advancement initiatives, current market posture, and merchandise growth. Although the Corporation considers these anticipations and assumptions to be affordable, they are inherently topic to substantial enterprise, financial, competitive, regulatory, and other dangers and uncertainties, most of which are difficult to forecast and many of which are beyond the Company’s handle. The Firm cautions visitors that many variables could trigger the actual success of the Enterprise to vary materially from people indicated by ahead-looking statements. Accordingly, investors really should not location undue reliance on forward-seeking statements as a prediction of actual outcomes. Between the variables that could cause the precise outcomes to differ materially from these indicated in the forward-looking statements are threats and uncertainties linked to: the COVID-19 pandemic, and any long run global health and fitness crises, and the linked social, regulatory, and economic impacts and the response thereto by the Firm, our workforce, our prospects, and national, point out, or area governments a ongoing deterioration in the prices of oil and pure fuel and the relevant effects on the upstream and midstream electrical power markets a continuation or worsening of the adverse financial ailments in the markets we provide, no matter whether as a result of the recent COVID-19 pandemic, together with its influence on travel and need for oil and fuel, the ongoing deterioration in the rates for oil and gasoline, governmental journey restrictions, venture delays, and budget shortfalls, or if not volatility in the global cash markets, which include interest charge fluctuations, which could adversely have an effect on our capability to obtain the money marketplaces on terms that are favorable to us constraints on our ability to attract on our credit agreement, which include as a final result of any long run incapacity to comply with restrictive covenants contained therein a continuing lessen in freight or transit rail visitors, like as a consequence of the COVID-19 pandemic environmental issues, together with any charges linked with any remediation and checking the threat of executing business enterprise in intercontinental marketplaces, which includes compliance with anti-corruption and bribery legislation, foreign currency fluctuations and inflation, and trade restrictions or embargoes our capacity to effectuate our technique, including price reduction initiatives, and our capability to efficiently combine acquired businesses or to divest enterprises, these types of as the new disposition of the IOS Check and Inspection Expert services organization and acquisition of LarKen Precast, LLC and to comprehend expected benefits charges of and impacts related with shareholder activism ongoing customer constraints concerning the on-web site existence of third party companies because of to the COVID-19 pandemic the timeliness and availability of elements from our important suppliers, like any continuation or worsening of the disruptions in the supply chain professional as a consequence of the COVID-19 pandemic, as effectively as the influence on our entry to supplies of consumer tastes as to the origin of these provides, such as customers’ fears about conflict minerals labor disputes cyber-security dangers these kinds of as details security breaches, malware, ransomware, “hacking,” and id theft, a failure of which could disrupt our enterprise and may well result in misuse or misappropriation of private or proprietary facts, and could outcome in the disruption or harm to our systems, increased fees and losses, or an adverse outcome to our track record the continuing powerful implementation of an business useful resource preparing system modifications in existing accounting estimates and their best outcomes the adequacy of interior and external sources of funds to fulfill financing demands, which includes our potential to negotiate any additional essential amendments to our credit rating settlement or the terms of any new credit rating arrangement, and reforms pertaining to the use of LIBOR as a benchmark for establishing applicable fascination prices the Company’s potential to take care of its operating capital demands and indebtedness domestic and international taxes, together with estimates that may effect taxes domestic and foreign federal government regulations, such as tariffs financial conditions and regulatory adjustments caused by the United Kingdom’s exit from the European Union a absence of condition or federal funding for new infrastructure projects an enhance in producing or content prices the loss of long run revenues from current consumers and threats inherent in litigation and the end result of litigation and product guarantee claims. Should a person or extra of these pitfalls or uncertainties materialize, or really should the assumptions underlying the forward-on the lookout statements show incorrect, genuine outcomes could range materially from those people indicated. Considerable risks and uncertainties that may possibly affect the functions, effectiveness, and effects of the Company’s small business and ahead-on the lookout statements include things like, but are not minimal to, all those established forth under Merchandise 1A, “Risk Elements,” and in other places in our Once-a-year Report on Type 10-K for the calendar year finished December 31, 2019, or as up-to-date and amended by other recent or periodic filings with the Securities and Exchange Commission.

Investor Relations:
Stephanie Listwak
(412) 928-3417
[email protected]

L.B. Foster Business
415 Holiday break Travel
Suite 100
Pittsburgh, PA 15220