MEDIUMOutside partySupplier
epoxy coating suppliers
“10-K Item 1A: 'Our Protective Coatings division is predominately dependent on two suppliers of epoxy coating.'”
FSTR · Concentration risk · 10-K extracted
L.B. Foster (FSTR) concentration risks
Updated
The most significant concentration L.B. Foster discloses is epoxy coating suppliers, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: L.B. Foster’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWBuilt-inGeographic
11%
sales outside the US
“10-K Item 1: 'For the years ended December 31, 2025 and 2024, approximately 11% and 14%, respectively, of the Company’s total sales were outside the US'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06L.B. Foster's disclosed concentration exposures are modest in scale. The company's Protective Coatings division is predominately dependent on two suppliers of epoxy coating, a medium-share dependency that creates some vulnerability to supplier disruption within that specific product line, though it does not extend across the whole business. Separately, international exposure is limited: approximately 11% of total sales were outside the U.S. in 2025, down from 14% in 2024 — a low-share, structural exposure to non-U.S. markets and currencies. Neither exposure looks large enough on its own to be a primary driver of the investment verdict; the supplier dependency is the more idiosyncratic of the two, since a disruption there would be specific to Protective Coatings rather than company-wide, while the international sales share is a minor and declining piece of the overall revenue mix. Both are disclosed in the most recent 10-K.
For the engine’s reasoning on FSTR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Railroads
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| GBX | Greenbrier Companies, Inc. (The | 0 | 2 | 0 | 2 |
| TRN | Trinity Industries, Inc. | 0 | 2 | 0 | 2 |
| CP | Canadian Pacific Kansas City Li | 0 | 1 | 1 | 2 |
| FSTR● | L.B. Foster Company | 0 | 1 | 1 | 2 |
| CSX | CSX Corporation | 0 | 0 | 0 | 0 |
| NSC | Norfolk Southern Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.