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FSTR Expands Precast Concrete Business With Dulworth Acquisition
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Key Takeaways
L.B. Foster acquires Dulworth's operating assets for $52.2M to expand its residential wastewater business.
Dulworth is expected to generate $18M in annual revenues and $6.5M-$7.5M in EBITDA, including synergies.
The acquisition strengthens L.B. Foster's precast portfolio, with integration expected to take 12-18 months.
L.B. Foster Company (FSTR - Free Report) has strengthened its precast concrete business through the acquisition of Dulworth Enterprises, Inc., expanding its presence in the residential wastewater market. The company’s wholly-owned subsidiary, CXT Incorporated, acquired all operating assets of the privately held company for approximately $52.2 million in cash.
Headquartered in Rice, TX, Dulworth specializes in residential wastewater precast products and Aeris aerobic treatment systems. The acquisition will complement CXT’s existing residential wastewater portfolio by adding manufacturing capabilities for its well-differentiated portfolio. It is expected to broaden L.B. Foster’s product offerings and increase its exposure to attractive, high-growth precast concrete markets.
Dulworth is expected to generate approximately $18 million in annual revenues and contribute an estimated $6.5-$7.5 million to EBITDA, including synergy benefits, following the completion of integration activities. The integration process is expected to take 12-18 months.
The acquisition builds on an existing relationship between CXT and Dulworth, providing L.B. Foster with greater confidence in the strategic and operational fit. By combining Dulworth’s manufacturing expertise and proprietary treatment solutions with its existing capabilities, the company aims to strengthen its position and capture additional growth opportunities in residential wastewater infrastructure.
FSTR's shares have gained 31.2% in the past year compared with the industry’s 59.1% rise.
Image Source: Zacks Investment Research
FSTR’s Zacks Rank & Key Picks
FSTR currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Reliance, Inc. (RS - Free Report) , Element Solutions Inc. (ESI - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
The Zacks Consensus Estimate for RS’ 2026 earnings is pegged at $23.70 per share, indicating a 66.2% year-over-year surge. RS shares have gained 60.4% over the past year.
The Zacks Consensus Estimate for ESI’s 2026 earnings is pegged at $1.85 per share, indicating a year-over-year rise of 24.2%. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 6%.
The Zacks Consensus Estimate for ASM’s current fiscal-year earnings is pinned at 28 cents per share. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 75%.
View the Zacks #1 Rank List
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FSTR Expands Precast Concrete Business With Dulworth Acquisition
Key Takeaways
L.B. Foster Company (FSTR - Free Report) has strengthened its precast concrete business through the acquisition of Dulworth Enterprises, Inc., expanding its presence in the residential wastewater market. The company’s wholly-owned subsidiary, CXT Incorporated, acquired all operating assets of the privately held company for approximately $52.2 million in cash.
Headquartered in Rice, TX, Dulworth specializes in residential wastewater precast products and Aeris aerobic treatment systems. The acquisition will complement CXT’s existing residential wastewater portfolio by adding manufacturing capabilities for its well-differentiated portfolio. It is expected to broaden L.B. Foster’s product offerings and increase its exposure to attractive, high-growth precast concrete markets.
Dulworth is expected to generate approximately $18 million in annual revenues and contribute an estimated $6.5-$7.5 million to EBITDA, including synergy benefits, following the completion of integration activities. The integration process is expected to take 12-18 months.
The acquisition builds on an existing relationship between CXT and Dulworth, providing L.B. Foster with greater confidence in the strategic and operational fit. By combining Dulworth’s manufacturing expertise and proprietary treatment solutions with its existing capabilities, the company aims to strengthen its position and capture additional growth opportunities in residential wastewater infrastructure.
FSTR's shares have gained 31.2% in the past year compared with the industry’s 59.1% rise.
Image Source: Zacks Investment Research
FSTR’s Zacks Rank & Key Picks
FSTR currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Reliance, Inc. (RS - Free Report) , Element Solutions Inc. (ESI - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
RS and ESI currently sport a Zacks Rank #1 (Strong Buy) each, while ASM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here
The Zacks Consensus Estimate for RS’ 2026 earnings is pegged at $23.70 per share, indicating a 66.2% year-over-year surge. RS shares have gained 60.4% over the past year.
The Zacks Consensus Estimate for ESI’s 2026 earnings is pegged at $1.85 per share, indicating a year-over-year rise of 24.2%. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 6%.
The Zacks Consensus Estimate for ASM’s current fiscal-year earnings is pinned at 28 cents per share. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 75%.