Exhibit 99.1

		News Release

L.B. FOSTER REPORTS FOURTH QUARTER OPERATING RESULTS

PITTSBURGH, PA, March 1, 2016 – L.B. Foster Company (NASDAQ: FSTR), a leading manufacturer, fabricator, and distributor of products and services for rail, construction, energy and utility markets, today reported its fourth quarter 2015 operating results, which included diluted earnings per share of $0.32 and cash flow provided by operating activities of $42.5 million. Other noteworthy items in the fourth quarter were:

Fourth Quarter Results

CEO Comments

Robert P. Bauer, L.B. Foster Company’s President and Chief Executive Officer, commented, “Our operating results for the quarter continued to reflect the unfavorable impact the commodity cycle has had on the markets we serve. The weaker revenues and resulting deleveraging masked some outstanding work performed in our various business units. As we navigated through the challenges of weak market conditions coupled with the loss of business from Union Pacific Railroad (“UPRR”), our team did a great job of acting on working capital and manufacturing efficiency programs. We are acting with a sense of urgency as we enter new markets and look for ways to improve our processes to enhance efficiency and continue cost reductions. Improved working capital management produced strong cash flow which we used to pay down more than $38.7 million of debt. In addition, we sold our Tucson concrete tie manufacturing equipment following the decision to close the facility, which resulted in $2.8 million in cash and significant cost savings as we avoided having to dismantle and move the equipment.”

Mr. Bauer continued, “Due to continued weakness in the North American freight rail market and upstream energy markets, our attention will remain on opportunities for business integration and reducing costs. The outlook for steel prices is also indicating little expected recovery in 2016 as well. This will lead to competitive pressure particularly in our rail and piling distribution businesses for

another year. Consequently, we will begin 2016 by reducing capital spending plans as we remain focused on free cash flow. On the other hand, I’m very pleased to see that we’re beginning the year with significantly higher backlog in our precision measurement systems and coated pipe services driven by midstream energy customers. We have shipments scheduled through the second quarter with production rates that are near capacity.”

Mr. Bauer concluded by remarking, “As part of the Company’s facility modernization and business efficiency program, we anticipate a second quarter 2016 “go-live” date for the new Enterprise Resource Planning system. Two manufacturing divisions have been thoroughly tested and meet the criteria for transition from our previous ERP system. The Company has dedicated a team of subject matter experts to this program to maximize the benefits of this powerful system. We are looking forward to getting this transition underway and to the benefits it will bring in the future.”

Q4 Business Segment Highlights

($000’s)

Rail Products and Services Segment

Rail sales decreased 16.5% due to lower sales across our rail product lines, with the exception of transit products, as a result of reduced volumes and lower steel prices. Reduced sales to UPRR accounted for more than half of the decline. Reduced sales volumes and lower steel prices in 2015 negatively impacted margins, however, gross profit margin was still buoyed by manufacturing efficiencies and cost reductions.

Construction Products Segment

Construction sales declined 35.6% in the quarter due to a significant reduction in piling product sales, partially offset by increased sales in our concrete products group. Gross profit margins improved due to increased margins for fabricated bridge products and concrete products, partially offset by a decline in margins for piling products.

Tubular and Energy Services Segment

Tubular sales improved by 145.1% in the quarter due to sales from our acquired energy businesses, partially offset by softer sales of threaded products. Tubular gross profit margins declined due principally to lower margins reported by the acquired businesses.

Full Year Results

2016 Outlook

We expect global Rail segment sales will be flat to down 5% in 2016. The North American Class One railroads are projecting a 15% reduction in capital spending in 2016 as compared to 2015. The rail business must also overcome approximately $15.0 million in sales to UPRR that will not repeat in 2016.

There is strength forecasted for the European rail business as investment resumes in our primary markets in 2016.

Construction segment sales are anticipated to be flat to up 5% in 2016. Our Construction segment is expecting another good year for concrete buildings and fabricated bridge products. Piling sales lagged in 2015 as a result of declining steel prices. These circumstances are putting pressure on non-sheet piling projects, and we anticipate this environment continuing into 2016.

The Tubular and Energy Services segment primarily participates in midstream and upstream sectors of the energy markets. The volatility in the upstream sector has resulted in most operators announcing deeper capital spending cuts to cope with the lower than expected price of oil. Most industry forecasts project the upstream market, where our test and inspection services acquisition participates, will remain weak in the first half and improve modestly in the second half. Backlog at the beginning of 2016 was up nearly 150% over the prior year in coated pipe services and precision measurement systems which primarily serve the midstream market. As a result, the Tubular and Energy Services segment, excluding the test and inspection services acquisition, are forecast to drive 5% to 15% sales growth. Test and inspection services sales are forecast to experience a 10% decline to a 10% increase, assuming no further erosion in the price of gas and oil.

As a result, the consolidated sales forecast for 2016 is expected to be between $610.0 million to $640.0 million. We anticipate EBITDA to range from $48.0 million to $52.0 million and diluted EPS is expected to be between $1.00 and $1.40. We expect our working capital performance to be on par with 2015 performance, and when combined with capital spending reductions, will lead to another year of solid free cash flow performance. Lastly, we are encouraged by the passage of the Fixing America’s Surface Transportation (“FAST”) Act in December 2015 as it provides more certainty regarding transportation funding, thereby allowing state and local governments to plan major projects. This five year $305 billion legislation should provide increased opportunities within the Rail and Construction segments, however, the opportunities derived from FAST may not present themselves until the second half of 2016 and beyond.

Q1 2016 Forecast

We anticipate the first quarter to be soft as our seasonally weak first quarter will be more effected than the full year by the weak upstream energy market that is negatively impacting our test and inspection services acquisition. Sales for the first quarter are forecast to be approximately $130.0 million. EBITDA is expected to be approximately $7.0 million and EPS is forecast to be a loss of between $0.05 and $0.10.

L.B. Foster Company will conduct a conference call and webcast to discuss its fourth quarter 2015 operating results on Tuesday, March 1, 2016 at 11:00 am ET. The call will be hosted by Mr. Robert Bauer, President and Chief Executive Officer. Listen via audio on the L.B. Foster web site: www.lbfoster.com, by accessing the Investor Relations page. The conference call can be accessed by dialing 888-713-4214 and providing access code 93383958#.

This release may contain forward-looking statements that involve risks and uncertainties. Statements that do not relate strictly to historical or current facts are forward-looking. When we use the words “believe,” “intend,” “expect,” “may,” “should,” “anticipate,” “could,” “estimate,” “plan,” “predict,” “project,” or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. Actual results could differ materially from the results anticipated in any forward-looking statement. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The Company has based these forward-looking statements on current expectations and assumptions about future events. While the Company considers these expectations and assumptions to be reasonable, they are inherently subject to significant business,

economic, competitive, regulatory and other risks and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. The risks and uncertainties that may affect the operations, performance and results of the Company’s business and forward-looking statements include, but are not limited to, an economic slowdown or a continuation of the current economic slowdown in the markets we serve; the risk of doing business in international markets; our ability to effectuate our strategy including evaluating potential opportunities such as strategic acquisitions, joint ventures, and other initiatives, and our ability to effectively integrate new businesses and realize anticipated benefits; costs of and impacts associated with shareholder activism; a decrease in freight or passenger rail traffic; the timeliness and availability of material from our major suppliers; labor disputes; the effective implementation of an enterprise resource planning system; changes in current accounting estimates and their ultimate outcomes; the adequacy of internal and external sources of funds to meet financing needs; the Company’s ability to manage its working capital requirements and indebtedness; domestic and international taxes; foreign currency fluctuations; inflation; domestic and foreign government regulations; continued and sustained declines in energy prices; a lack of state or federal funding for new infrastructure projects; increased regulation including conflict minerals; an increase in manufacturing or material costs; the ultimate number of concrete ties that will have to be replaced pursuant to the previously disclosed product warranty claim of the Union Pacific Railroad (“UPRR”) and an overall resolution of the related contract claims as well as the possible costs associated with the outcome of the lawsuit filed by the UPRR; risks inherent in litigation and those matters set forth in Item 8, Footnote 20, “Commitments and Contingent Liabilities” and in Item 1A, “Risk Factors” of the Company’s Form 10-K for the year ended December 31, 2014 as updated by any subsequent Form 10-Qs. The Company urges all interested parties to read these reports to gain a better understanding of the many business and other risks that the Company faces. The forward-looking statements contained in this press release are made only as of the date hereof, and the Company assumes no obligation and does not intend to update or revise these statements, whether as a result of new information, future events or otherwise, except as required by securities laws.

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L.B. FOSTER COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

L.B. FOSTER COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

This earnings release contains certain non-GAAP financial measures. These financial measures include gross profit margins and earnings per share excluding certain non-recurring charges as well as earnings before interest, taxes, depreciation, and amortization (EBITDA) and adjusted EBITDA. The Company believes that these non-GAAP measures are useful to investors in order to provide a better understanding of the ongoing operations of the Company’s business. These supplemental financial measures are useful to management and external users to assess the financial performance of our business without consideration of the non-cash goodwill impairment charge and certain concrete tie warranty related items. The EBITDA and adjusted EBITDA measures are useful in the assessment of the use of our assets without regard to financing methods, capital structure, or historical cost basis. EBITDA is also a financial measurement that is utilized in the determination of certain compensation programs. Note that the warranty charges incurred were associated with concrete ties manufactured at the Company’s Grand Island, NE facility which was closed in 2011.

These non-GAAP financial measures are not a substitute for GAAP financial results and should only be considered in conjunction with the Company’s financial information that is presented in accordance with GAAP. Quantitative reconciliations of the GAAP measures are presented below: