L.B. Foster Company operates as a manufacturer, fabricator, and distributor of products and services for the rail, construction, energy, and utility markets. Segments The company operates through three segments: Rail Products, Construction Products, and Tubular Products. Rail Products This segment includes various manufacturing and distribution businesses that provide various products for railroads, transit authorities, industrial companies, and mining applications throughout North America and the United Kingdom. These products might be provided as a package to rail lines, transit authorities, and construction contractors. This segment includes various business units, such as rail manufacturing and distribution, rail technology, and concrete products. The rail manufacturing and distribution business sells heavy and light new and used (relay) rail primarily to transit authorities, industrial companies, and rail contractors for railroad sidings, plant trackage, and other carrier and material handling applications. Rail accessories include trackwork, track spikes, bolts, angle bars, and other products required to install or maintain rail lines. These products are sold to railroads, rail contractors, industrial customers, and transit agencies and are manufactured by the company or purchased from other manufacturers. The company produces rail anchors and track spikes at its manufacturing plant in St. Jean, Quebec, primarily for the Canadian railroads with some export sales. Through its United Kingdom subsidiary, the company also designs and manufactures a line of rail joints, including the epoxy (glue) insulated rail joints, nylon-encapsulated insulated joints, and also distributes a line of track fasteners to the United Kingdom railways and to international customers. The company’s Allegheny Rail Products division engineers and markets insulated rail joints and related accessories for the railroad and mass transit industries. The company’s Transit Products division supplies power rail, direct fixation fasteners, coverboards, and special accessories primarily for mass transit systems. Majority of these products are manufactured by subcontractors and are sold by sealed bid to transit authorities or to rail contractors worldwide. The company’s Trackwork division sells new and relay trackwork for industrial and export markets. The rail technology business engineers, manufactures, and assembles friction management products, railway wayside data collection and management systems and related products. It also engineers and manufactures stick friction modifiers and related application systems. The company’s friction management division provides products and services that control the friction at the rail/wheel interface. Friction management products include mobile and wayside application systems that distribute lubricants and solid and liquid friction modifiers. Friction management products also include various field service and support capabilities, including remote performance monitoring for wayside and mobile units. Friction management products are designed, engineered, manufactured, and assembled in the United States and by certain wholly-owned subsidiaries located in Montreal, Quebec, and Burnaby, British Columbia, Canada and in Sheffield, the United Kingdom. The concrete products business, through the company’s subsidiary, CXT Incorporated (CXT), manufactures engineered concrete railroad ties for the railroad and transit industries. Construction Products This segment includes various business units, such as piling, fabricated products, and precast concrete buildings. Sheet piling products are interlocking structural steel sections that are used to provide lateral support at construction sites. Bearing piling products are steel H-beam sections, which in their principal use, are driven into the ground for support of structures, such as bridge piers and high-rise buildings. Piling is used in water and land applications, including cellular coffer dams and open cell structures in inner river systems and ports. Piling products are sourced from various manufacturers and either sold or rented to project