| [X]    | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|--------|-----------------------------------------------------------------------------------------|
|   | for the quarterly period ended June 30, 2012                                            |

| [  ] | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|----------------|------------------------------------------------------------------------------------------|
|           | for the transition period from ___________ to _________                                  |

| Commission File Number: | 0-10436 |
|-------------------------|---------|

| Pennsylvania             | 25-1324733                             |
|--------------------------|----------------------------------------|
| (State of Incorporation) | (I. R. S. Employer Identification No.) |

| 415 Holiday Drive, Pittsburgh, Pennsylvania | 15220      |
|---------------------------------------------|------------|
| (Address of principal executive offices)    | (Zip Code) |

| Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. | Yes [X] | No [ ] |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|--------|

| Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). | Yes [X] | No [ ] |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|--------|

| Large accelerated filer [ ] | Accelerated filer [X] | Non-accelerated filer [ ]                     | Smaller reporting company [ ] |
|-----------------------------|-----------------------|-----------------------------------------------|-------------------------------|
|                        |                  | (Do not check if a smaller reporting company) |                          |

| Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). | Yes [ ] | No [X] |
|-----------------------------------------------------------------------------------------------------------------|---------|--------|

| Class                        | Outstanding at August 1, 2012 |
|------------------------------|-------------------------------|
| Common Stock, Par Value $.01 | 10,142,019 Shares             |

----

Table of Contents 

L.B. FOSTER COMPANY AND SUBSIDIARIES

| PART I. Financial Information | Page                                                                                                |
|-------------------------------|-----------------------------------------------------------------------------------------------------|
|                          |                                                                                                |
|                          | Item 1. Financial Statements:                                                                       |
|                          |                                                                                                |
|                          |                                                                                                | Condensed Consolidated Balance Sheets (unaudited) | 3 |
|                          |                                                                                                |   |   |   |
|                          |                                                                                                | Condensed Consolidated Statements of Operations (unaudited) |   | 4 |
|                          |                                                                                                |   |   |   |
|                          |                                                                                                | Condensed Consolidated Statements of Comprehensive Income (unaudited) |   | 5 |
|                          |                                                                                                |   |   |   |
|                          |                                                                                                | Condensed Consolidated Statements of Cash Flows (unaudited) |   | 6 |
|                          |                                                                                                |   |   |   |
|                          |                                                                                                | Notes to Condensed Consolidated Financial Statements (unaudited) |   | 8 |
|                          |                                                                                                |   |   |   |
|                          | Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 23 |
|                          |                                                                                                |   |
|                          | Item 3. Quantitative and Qualitative Disclosures about Market Risk                                  | 34 |
|                          |                                                                                                |   |
|                          | Item 4. Controls and Procedures                                                                     | 34 |
|                          |                                                                                                |   |
| PART II. Other Information    |                                                                                                |
|                          |                                                                                                |   |
|                          |                                                                                                | Item 1. Legal Proceedings |   | 34 |
|                          |                                                                                                |   |   |   |
|                          |                                                                                                | Item 1A. Risk Factors |   | 34 |
|                          |                                                                                                |   |   |   |
|                          |                                                                                                | Item 2. Unregistered Sales of Equity Securities and Use of Proceeds |   | 35 |
|                          |                                                                                                |   |   |   |
|                          |                                                                                                | Item 6. Exhibits |   | 36 |
|                          |                                                                                                |   |   |   |
|                          |                                                                                                | Signature |   | 37 |
|                          |                                                                                                |   |   |   |

----

Table of Contents 

| PART I. FINANCIAL INFORMATION                        |   |
|-----------------------------------------------------------|--------|
| ITEM 1.  FINANCIAL STATEMENTS                   |   |   |   |   |   |   |
| L. B. FOSTER COMPANY AND SUBSIDIARIES                     |   |
| CONDENSED CONSOLIDATED BALANCE SHEETS                     |   |
| (In thousands, except share data)                         |   |
|                                                      |   | June 30, |   |   | December 31, |   |
|                                                      |   | 2012 |   |   | 2011 |   |
| ASSETS                                                    |   | (Unaudited) |   |   |   |   |
| Current Assets:                                           |   |   |   |   |   |   |
| Cash and cash equivalents                                 |   | $ | 77,243 |   |   | $ | 73,727 |   |
| Accounts and notes receivable:                            |   |   |   |   |   |   |   |   |
| Trade                                                     |   |   | 92,251 |   |   |   | 65,819 |   |
| Other                                                     |   |   | 802 |   |   |   | 1,934 |   |
|                                                      |   |   | 93,053 |   |   |   | 67,753 |   |
| Inventories                                               |   |   | 84,742 |   |   |   | 90,516 |   |
| Current deferred tax assets                               |   |   | 5,386 |   |   |   | 0 |   |
| Prepaid income taxes                                      |   |   | 4,173 |   |   |   | 3,684 |   |
| Other current assets                                      |   |   | 2,754 |   |   |   | 1,768 |   |
| Current assets of discontinued operations                 |   |   | 138 |   |   |   | 2,545 |   |
| Total Current Assets                                      |   |   | 267,489 |   |   |   | 239,993 |   |
|                                                      |   |   |   |   |   |   |   |   |
| Property, Plant & Equipment - At Cost                 |   |   | 126,284 |   |   |   | 129,324 |   |
| Less Accumulated Depreciation                             |   |   | (78,931 | ) |   |   | (81,333 | ) |
|                                                      |   |   | 47,353 |   |   |   | 47,991 |   |
|                                                      |   |   |   |   |   |   |   |   |
| Other Assets:                                             |   |   |   |   |   |   |   |   |
| Goodwill                                                  |   |   | 41,237 |   |   |   | 41,237 |   |
| Other intangibles - net                                   |   |   | 41,618 |   |   |   | 42,871 |   |
| Investments                                               |   |   | 3,826 |   |   |   | 3,495 |   |
| Other assets                                              |   |   | 1,398 |   |   |   | 1,415 |   |
| Assets of discontinued operations                         |   |   | 0 |   |   |   | 2,892 |   |
| TOTAL ASSETS                                              |   | $ | 402,921 |   |   | $ | 379,894 |   |
|                                                      |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                      |   |   |   |   |   |   |   |   |
| Current Liabilities:                                      |   |   |   |   |   |   |   |   |
| Current maturities of long-term debt                      |   | $ | 689 |   |   | $ | 2,384 |   |
| Accounts payable - trade                                  |   |   | 58,172 |   |   |   | 49,645 |   |
| Deferred revenue                                          |   |   | 5,006 |   |   |   | 6,833 |   |
| Accrued payroll and employee benefits                     |   |   | 7,138 |   |   |   | 9,483 |   |
| Current deferred tax liabilities                          |   |   | 0 |   |   |   | 759 |   |
| Accrued warranty provision                                |   |   | 25,309 |   |   |   | 6,632 |   |
| Other accrued liabilities                                 |   |   | 11,143 |   |   |   | 8,134 |   |
| Liabilities of discontinued operations                    |   |   | 121 |   |   |   | 862 |   |
| Total Current Liabilities                                 |   |   | 107,578 |   |   |   | 84,732 |   |
|                                                      |   |   |   |   |   |   |   |   |
| Long-Term Debt                                            |   |   | 38 |   |   |   | 51 |   |
| Deferred Tax Liabilities                                  |   |   | 11,244 |   |   |   | 11,708 |   |
| Other Long-Term Liabilities                               |   |   | 13,021 |   |   |   | 13,588 |   |
|                                                      |   |   |   |   |   |   |   |   |
| STOCKHOLDERS' EQUITY:                                     |   |   |   |   |   |   |   |   |
| Common stock, issued 10,131,397 shares at 6/30/2012       |   |   |   |   |   |   |   |   |
|  and 10,073,403 shares at 12/31/2011                 |   |   | 111 |   |   |   | 111 |   |
| Paid-in capital                                           |   |   | 45,499 |   |   |   | 47,349 |   |
| Retained earnings                                         |   |   | 255,937 |   |   |   | 255,152 |   |
| Treasury stock - at cost, Common Stock, 984,382 shares    |   |   |   |   |   |   |   |   |
|  at 6/30/2012 and 1,042,376 shares at 12/31/2011     |   |   | (26,080 | ) |   |   | (28,169 | ) |
| Accumulated other comprehensive loss                      |   |   | (4,427 | ) |   |   | (4,628 | ) |
| Total Stockholders' Equity                                |   |   | 271,040 |   |   |   | 269,815 |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                |   | $ | 402,921 |   |   | $ | 379,894 |   |
| See Notes to Condensed Consolidated Financial Statements. |   |   |

----

Table of Contents 

| L. B. FOSTER COMPANY AND SUBSIDIARIES                                           |   |
|---------------------------------------------------------------------------------|--------|
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS                                 |   |
| (In Thousands, Except Per Share Amounts)                                        |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                            |   | Three Months |   |   | Six Months |   |
|                                                                            |   | Ended June 30, |   |   | Ended June 30, |   |
|                                                                            |   | 2012 |   |   | 2011 |   |   | 2012 |   |   | 2011 |   |
|                                                                            |   | (Unaudited) |   |   | (Unaudited) |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Sales                                                                       |   | $ | 164,942 |   |   | $ | 171,511 |   |   | $ | 280,905 |   |   | $ | 286,857 |   |
| Cost of Goods Sold                                                              |   |   | 152,212 |   |   |   | 145,945 |   |   |   | 246,020 |   |   |   | 244,338 |   |
| Gross Profit                                                                    |   |   | 12,730 |   |   |   | 25,566 |   |   |   | 34,885 |   |   |   | 42,519 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Selling and Administrative Expenses                                             |   |   | 16,801 |   |   |   | 16,210 |   |   |   | 33,919 |   |   |   | 31,532 |   |
| Amortization Expense                                                            |   |   | 697 |   |   |   | 701 |   |   |   | 1,394 |   |   |   | 1,398 |   |
| Interest Expense                                                                |   |   | 123 |   |   |   | 135 |   |   |   | 263 |   |   |   | 273 |   |
| Interest Income                                                                 |   |   | (94 | ) |   |   | (94 | ) |   |   | (194 | ) |   |   | (150 | ) |
| Equity in Income of Nonconsolidated Investment                                  |   |   | (309 | ) |   |   | (196 | ) |   |   | (332 | ) |   |   | (283 | ) |
| Other (Income)/Expense                                                          |   |   | (122 | ) |   |   | (46 | ) |   |   | (608 | ) |   |   | 41 |   |
|                                                                            |   |   | 17,096 |   |   |   | 16,710 |   |   |   | 34,442 |   |   |   | 32,811 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Loss) Income From Continuing Operations Before Income Taxes                    |   |   | (4,366 | ) |   |   | 8,856 |   |   |   | 443 |   |   |   | 9,708 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income Tax (Benefit) Expense                                                    |   |   | (1,193 | ) |   |   | 2,679 |   |   |   | 427 |   |   |   | 2,937 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Loss) Income From Continuing Operations                                        |   |   | (3,173 | ) |   |   | 6,177 |   |   |   | 16 |   |   |   | 6,771 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Discontinued Operations:                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income From Discontinued Operations Before Income Taxes, including Gain on Sale |   |   | 3,320 |   |   |   | 302 |   |   |   | 3,608 |   |   |   | 434 |   |
| Income Tax Expense                                                              |   |   | 2,217 |   |   |   | 106 |   |   |   | 2,325 |   |   |   | 153 |   |
| Income From Discontinued Operations                                             |   |   | 1,103 |   |   |   | 196 |   |   |   | 1,283 |   |   |   | 281 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net (Loss) Income                                                               |   | $ | (2,070 | ) |   | $ | 6,373 |   |   | $ | 1,299 |   |   | $ | 7,052 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic (Loss) Earnings Per Common Share:                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| From continuing operations                                                      |   | $ | (0.31 | ) |   | $ | 0.60 |   |   | $ | 0.00 |   |   | $ | 0.66 |   |
| From discontinued operations                                                    |   |   | 0.11 |   |   |   | 0.02 |   |   |   | 0.13 |   |   |   | 0.03 |   |
| Basic (Loss) Earnings Per Common Share                                          |   | $ | (0.20 | ) |   | $ | 0.62 |   |   | $ | 0.13 |   |   | $ | 0.69 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted (Loss) Earnings Per Common Share:                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| From continuing operations                                                      |   | $ | (0.31 | ) |   | $ | 0.59 |   |   | $ | 0.00 |   |   | $ | 0.65 |   |
| From discontinued operations                                                    |   |   | 0.11 |   |   |   | 0.02 |   |   |   | 0.13 |   |   |   | 0.03 |   |
| Diluted (Loss) Earnings Per Common Share                                        |   | $ | (0.20 | ) |   | $ | 0.61 |   |   | $ | 0.13 |   |   | $ | 0.68 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dividends Paid Per Common Share                                                 |   | $ | 0.025 |   |   | $ | 0.05 |   |   | $ | 0.05 |   |   | $ | 0.05 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See Notes to Condensed Consolidated Financial Statements.                       |   |   |   |   |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

Table of Contents 

| L. B. FOSTER COMPANY AND SUBSIDIARIES                     |   |
|-----------------------------------------------------------|--------|
| CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME |   |
| (In thousands)                                            |   |
|                                                      |   |   |   |   |   |   |   |
|                                                      |   | Three Months Ended |   |   | Six Months Ended |   |
|                                                      |   | June 30, |   |   | June 30, |   |
|                                                      |   | 2012 |   |   | 2011 |   |   | 2012 |   |   | 2011 |   |
|                                                      |   | (Unaudited) |   |   | (Unaudited) |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Net (loss) income                                         |   | $ | (2,070 | ) |   | $ | 6,373 |   |   | $ | 1,299 |   |   | $ | 7,052 |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income (loss), net of tax:            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Foreign currency translation adjustment                   |   |   | 1,001 |   |   |   | 138 |   |   |   | 201 |   |   |   | 912 |   |
| Unrealized derivative loss on cash flow hedges            |   |   | (9 | ) |   |   | 0 |   |   |   | 0 |   |   |   | 0 |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |   | 992 |   |   |   | 138 |   |   |   | 201 |   |   |   | 912 |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive (loss) income                               |   | $ | (1,078 | ) |   | $ | 6,511 |   |   | $ | 1,500 |   |   | $ | 7,964 |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See Notes to Condensed Consolidated Financial Statements. |   |

----

Table of Contents 

| L. B. FOSTER COMPANY AND SUBSIDIARIES                       |   |
|-------------------------------------------------------------|--------|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS             |   |
| (In thousands)                                              |   |
|                                                        |   |   |   |   |   |   |
|                                                        |   | Six Months Ended |   |
|                                                        |   | June 30, |   |
|                                                        |   | 2012 |   |   | 2011 |   |
|                                                        |   | (Unaudited) |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                       |   |   |   |   |   |   |
|                                                        |   |   |   |   |   |   |
| Income from continuing operations                           |   | $ | 16 |   |   | $ | 6,771 |   |
| Adjustments to reconcile income from continuing operations  |   |   |   |   |   |   |   |   |
| to net cash provided/(used) by operating activities:        |   |   |   |   |   |   |   |   |
| Deferred income taxes                                       |   |   | (6,576 | ) |   |   | (765 | ) |
| Depreciation and amortization                               |   |   | 6,220 |   |   |   | 5,943 |   |
| Equity in income of nonconsolidated investment              |   |   | (332 | ) |   |   | (283 | ) |
| Loss on sale of property, plant and equipment               |   |   | 286 |   |   |   | 32 |   |
| Deferred gain amortization on sale-leaseback                |   |   | (456 | ) |   |   | (107 | ) |
| Share-based compensation                                    |   |   | 835 |   |   |   | 1,255 |   |
| Excess tax benefit from share-based compensation            |   |   | (37 | ) |   |   | (331 | ) |
|                                                        |   |   |   |   |   |   |   |   |
| Change in operating assets and liabilities:                 |   |   |   |   |   |   |   |   |
| Accounts receivable                                         |   |   | (25,239 | ) |   |   | (13,476 | ) |
| Inventories                                                 |   |   | 5,853 |   |   |   | (5,302 | ) |
| Other current assets                                        |   |   | (1,188 | ) |   |   | (219 | ) |
| Prepaid income tax                                          |   |   | 1,870 |   |   |   | (1,502 | ) |
| Other noncurrent assets                                     |   |   | 66 |   |   |   | (398 | ) |
| Accounts payable - trade                                    |   |   | 7,729 |   |   |   | 11,377 |   |
| Deferred revenue                                            |   |   | (807 | ) |   |   | (10,283 | ) |
| Accrued payroll and employee benefits                       |   |   | (3,005 | ) |   |   | (2,810 | ) |
| Other current liabilities                                   |   |   | 18,697 |   |   |   | 773 |   |
| Other liabilities                                           |   |   | (408 | ) |   |   | (235 | ) |
| Net Cash Provided/(Used) by Continuing Operating Activities |   |   | 3,524 |   |   |   | (9,560 | ) |
| Net Cash Used by Discontinued Operations                    |   |   | (1,680 | ) |   |   | (805 | ) |
|                                                        |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                       |   |   |   |   |   |   |   |   |
| Proceeds from the sale of property, plant and equipment     |   |   | 7 |   |   |   | 8 |   |
| Capital expenditures on property, plant and equipment       |   |   | (4,833 | ) |   |   | (6,621 | ) |
| Acquisitions                                                |   |   | 0 |   |   |   | (8,952 | ) |
| Capital contributions to equity method investment           |   |   | 0 |   |   |   | (335 | ) |
| Net Cash Used by Continuing Investing Activities            |   |   | (4,826 | ) |   |   | (15,900 | ) |
| Net Cash Provided/(Used) by Discontinued Operations         |   |   | 8,547 |   |   |   | (21 | ) |
|                                                        |   |   |   |   |   |   |   |   |

----

Table of Contents 

| L. B. FOSTER COMPANY AND SUBSIDIARIES                        |   |
|--------------------------------------------------------------|--------|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS              |   |
| (In thousands)                                               |   |
|                                                         |   |   |   |   |   |   |
|                                                         |   | Six Months |   |
|                                                         |   | Ended June 30, |   |
|                                                         |   | 2012 |   |   | 2011 |   |
|                                                         |   | (Unaudited) |   |
|                                                         |   |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                        |   |   |   |   |   |   |
| Repayments of other long-term debt                           |   |   | (1,708 | ) |   |   | (1,670 | ) |
| Proceeds from exercise of stock options and stock awards     |   |   | 13 |   |   |   | 74 |   |
| Treasury stock acquisitions                                  |   |   | 0 |   |   |   | (1,569 | ) |
| Cash dividends on common stock paid to shareholders          |   |   | (514 | ) |   |   | (515 | ) |
| Excess tax benefit from share-based compensation             |   |   | 37 |   |   |   | 331 |   |
| Net Cash Used by Financing Activities                        |   |   | (2,172 | ) |   |   | (3,349 | ) |
|                                                         |   |   |   |   |   |   |   |   |
| Effect of exchange rate changes on cash and cash equivalents |   |   | 123 |   |   |   | 530 |   |
|                                                         |   |   |   |   |   |   |   |   |
| Net Increase/(Decrease) in Cash and Cash Equivalents         |   |   | 3,516 |   |   |   | (29,105 | ) |
|                                                         |   |   |   |   |   |   |   |   |
| Cash and Cash Equivalents at Beginning of Period             |   |   | 73,727 |   |   |   | 74,800 |   |
| Cash and Cash Equivalents at End of Period                   |   | $ | 77,243 |   |   | $ | 45,695 |   |
|                                                         |   |   |   |   |   |   |   |   |
| Supplemental Disclosure of Cash Flow Information:            |   |   |   |   |   |   |   |   |
|                                                         |   |   |   |   |   |   |   |   |
| Interest Paid                                                |   | $ | 197 |   |   | $ | 223 |   |
| Income Taxes Paid                                            |   | $ | 6,276 |   |   | $ | 5,158 |   |
|                                                         |   |   |   |   |   |   |   |   |
| See Notes to Condensed Consolidated Financial Statements.    |   |   |
|                                                         |   |   |   |   |   |   |   |   |

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Table of Contents 

L. B. FOSTER COMPANY AND SUBSIDIARIES

|                  |   | Three Months Ended |    |   | Six Months Ended |   |
|-----------------------|--------|--------------------|---------|--------|------------------|--------|
|                  |   | June 30, 2012      |    |   | June 30, 2012    |   |
|                  |   | Net                |    |   | Segment          |   |   | Net |   |   | Segment |   |
|                  |   | Sales              |    |   | (Loss)/Profit    |   |   | Sales |   |   | (Loss)/Profit |   |
|                  |   | In thousands       |    |
| Rail products         |   | $                  | 101,369 |   |             | $      | (10,023 | ) |   | $ | 168,000 |   |   | $ | (6,353 | ) |
| Construction products |   |               | 49,624  |   |             |   | 2,616 |   |   |   | 89,659 |   |   |   | 3,302 |   |
| Tubular products      |   |               | 13,949  |   |             |   | 3,406 |   |   |   | 23,246 |   |   |   | 5,718 |   |
| Total                 |   | $                  | 164,942 |   |             | $      | (4,001 | ) |   | $ | 280,905 |   |   | $ | 2,667 |   |

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Table of Contents 

|                  |   | Three Months Ended |    |   | Six Months Ended |   |
|-----------------------|--------|--------------------|---------|--------|------------------|--------|
|                  |   | June 30, 2011      |    |   | June 30, 2011    |   |
|                  |   | Net                |    |   | Segment          |   |   | Net |   |   | Segment |   |
|                  |   | Sales              |    |   | Profit           |   |   | Sales |   |   | Profit |   |
|                  |   | In thousands       |    |
| Rail products         |   | $                  | 88,824  |   |             | $      | 3,273 |   |   | $ | 151,639 |   |   | $ | 3,849 |   |
| Construction products |   |               | 73,026  |   |             |   | 5,784 |   |   |   | 119,806 |   |   |   | 7,478 |   |
| Tubular products      |   |               | 9,661   |   |             |   | 1,978 |   |   |   | 15,412 |   |   |   | 2,722 |   |
| Total                 |   | $                  | 171,511 |   |             | $      | 11,035 |   |   | $ | 286,857 |   |   | $ | 14,049 |   |

|                                                         |   | Three Months Ended |   |   | Six Months Ended |   |
|--------------------------------------------------------------|--------|--------------------|--------|--------|------------------|--------|
|                                                         |   | June 30,           |   |   | June 30,         |   |
|                                                         |   | 2012               |   |   | 2011             |   |   | 2012 |   |   | 2011 |   |
|                                                         |   | In thousands       |   |
| (Loss) income for reportable segments                        |   | $                  | (4,001 | )      |             | $      | 11,035 |   |   | $ | 2,667 |   |   | $ | 14,049 |   |
| Cost of capital for reportable segments                      |   |               | 4,762  |   |             |   | 4,119 |   |   |   | 9,189 |   |   |   | 7,453 |   |
| Interest expense                                             |   |               | (123   | )      |             |   | (135 | ) |   |   | (263 | ) |   |   | (273 | ) |
| Interest income                                              |   |               | 94     |   |             |   | 94 |   |   |   | 194 |   |   |   | 150 |   |
| Other income/(expense)                                       |   |               | 122    |   |             |   | 46 |   |   |   | 608 |   |   |   | (41 | ) |
| LIFO expense                                                 |   |               | (53    | )      |             |   | (565 | ) |   |   | (99 | ) |   |   | (696 | ) |
| Equity in income of nonconsolidated investment               |   |               | 309    |   |             |   | 196 |   |   |   | 332 |   |   |   | 283 |   |
| Corporate expense and other unallocated charges              |   |               | (5,476 | )      |             |   | (5,934 | ) |   |   | (12,185 | ) |   |   | (11,217 | ) |
|                                                         |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| (Loss) income from continuing operations before income taxes |   | $                  | (4,366 | )      |             | $      | 8,856 |   |   | $ | 443 |   |   | $ | 9,708 |   |

----

Table of Contents 

|                   |   | June 30, 2012       |   |
|------------------------|--------|---------------------|--------|
|                   |   | Weighted Average    |   |   | Gross |   |   |   |   |   | Net |   |
|                   |   | Amortization Period |   |   | Carrying |   |   | Accumulated |   |   | Carrying |   |
|                   |   | In Years            |   |   | Value |   |   | Amortization |   |   | Amount |   |
|                   |   | In thousands        |   |
| Non-compete agreements |   |                | 5      |   |   | $ | 380 |   |   | $ | (364 | ) |   | $ | 16 |   |
| Patents                |   |                | 10     |   |   |   | 125 |   |   |   | (125 | ) |   |   | 0 |   |
| Customer relationships |   |                | 23     |   |   |   | 19,960 |   |   |   | (1,945 | ) |   |   | 18,015 |   |
| Supplier relationships |   |                | 5      |   |   |   | 350 |   |   |   | (108 | ) |   |   | 242 |   |
| Trademarks             |   |                | 17     |   |   |   | 6,280 |   |   |   | (664 | ) |   |   | 5,616 |   |
| Technology             |   |                | 18     |   |   |   | 19,602 |   |   |   | (1,873 | ) |   |   | 17,729 |   |
|                   |   |                | 20     |   |   | $ | 46,697 |   |   | $ | (5,079 | ) |   | $ | 41,618 |   |

|                   |   | December 31, 2011   |   |
|------------------------|--------|---------------------|--------|
|                   |   | Weighted Average    |   |   | Gross |   |   |   |   |   | Net |   |
|                   |   | Amortization Period |   |   | Carrying |   |   | Accumulated |   |   | Carrying |   |
|                   |   | In Years            |   |   | Value |   |   | Amortization |   |   | Amount |   |
|                   |   | In thousands        |   |
| Non-compete agreements |   |                | 5      |   |   | $ | 380 |   |   | $ | (361 | ) |   | $ | 19 |   |
| Patents                |   |                | 10     |   |   |   | 125 |   |   |   | (125 | ) |   |   | 0 |   |
| Customer relationships |   |                | 23     |   |   |   | 19,960 |   |   |   | (1,402 | ) |   |   | 18,558 |   |
| Supplier relationships |   |                | 5      |   |   |   | 350 |   |   |   | (73 | ) |   |   | 277 |   |
| Trademarks             |   |                | 17     |   |   |   | 6,280 |   |   |   | (447 | ) |   |   | 5,833 |   |
| Technology             |   |                | 18     |   |   |   | 19,457 |   |   |   | (1,273 | ) |   |   | 18,184 |   |
|                   |   |                | 20     |   |   | $ | 46,552 |   |   | $ | (3,681 | ) |   | $ | 42,871 |   |

|                |   | In thousands |   |
|---------------------|--------|--------------|--------|
| 2012                |   | $            | 1,357  |   |
| 2013                |   |         | 2,751  |   |
| 2014                |   |         | 2,751  |   |
| 2015                |   |         | 2,472  |   |
| 2016                |   |         | 2,315  |   |
| 2017 and thereafter |   |         | 29,972 |   |
|                |   | $            | 41,618 |   |

----

Table of Contents 

|                               |         |         | June 30, |    |   | December 31, |    |
|------------------------------------|--------------|--------------|----------|---------|--------|--------------|---------|
|                               |         | 2012         |     |    | 2011   |         |
|                               |         | In thousands |     |
| Finished goods                     |         | $            | 66,051   |    |   | $            | 71,758  |   |
| Work-in-process                    |         |         | 8,195    |    |   |         | 9,056   |   |
| Raw materials                      |         |         | 20,777   |    |   |         | 19,885  |   |
|                               |         |         |     |    |   |         |    |   |
| Total inventories at current costs |         |         | 95,023   |    |   |         | 100,699 |   |
| Less:                              | LIFO reserve |         |     | (10,281 | )      |         |    | (10,183 | ) |
|                               |         |         | $        | 84,742  |   |         | $       | 90,516 |   |

|                                     |   | June 30,     |   |   | December 31, |   |
|------------------------------------------|--------|--------------|--------|--------|--------------|--------|
|                                     |   | 2012         |   |   | 2011         |   |
|                                     |   | In thousands |   |
| Equity method investment                 |   | $            | 3,826  |   |         | $      | 3,495 |   |
| Net investment in direct financing lease |   |         | 946    |   |         |   | 971 |   |
|                                     |   | $            | 4,772  |   |         | $      | 4,466 |   |

----

Table of Contents 

|                |   | In thousands |   |
|---------------------|--------|--------------|--------|
| 2012                |   | $            | 26     |   |
| 2013                |   |         | 54     |   |
| 2014                |   |         | 58     |   |
| 2015                |   |         | 63     |   |
| 2016                |   |         | 67     |   |
| 2017 and thereafter |   |         | 678    |   |
|                |   | $            | 946    |   |

----

Table of Contents 

|                                |   | Three Months Ended |   |   | Six Months Ended |   |
|-------------------------------------|--------|--------------------|--------|--------|------------------|--------|
|                                |   | June 30,           |   |   | June 30,         |   |
|                                |   | 2012               |   |   | 2011             |   |   | 2012 |   |   | 2011 |   |
|                                |   | In thousands       |   |
| Net sales                           |   | $                  | 1,544  |   |             | $      | 2,191 |   |   | $ | 4,108 |   |   | $ | 3,949 |   |
|                                |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Income from discontinued operations |   | $                  | 3,320  |   |             | $      | 302 |   |   | $ | 3,608 |   |   | $ | 434 |   |
| Income tax expense                  |   |               | 2,217  |   |             |   | 106 |   |   |   | 2,325 |   |   |   | 153 |   |
| Income from discontinued operations |   | $                  | 1,103  |   |             | $      | 196 |   |   | $ | 1,283 |   |   | $ | 281 |   |

----

Table of Contents 

|                                  |                              |   | June 30,     |   |   | December 31, |   |
|---------------------------------------|-----------------------------------|--------|--------------|--------|--------|--------------|--------|
|                                  |                              |   | 2012         |   |   | 2011         |   |
|                                  |                              |   | In thousands |   |
| Current Assets                        |                              | $      | 138          |   |   | $            | 2,545  |   |
| Other Assets                          |                              |   |         |   |   |         |   |   |
|                                  | Property, plant and equipment-net |   |         | 0      |   |         |   | 127 |   |
|                                  | Goodwill                          |   |         | 0      |   |         |   | 2,588 |   |
|                                  | Other intangibles – net     |   |         | 0      |   |         |   | 177 |   |
|                                  | Total Other Assets                |   |         | 0      |   |         |   | 2,892 |   |
| Total Assets                          |                              |   | 138          |   |   |         | 5,437  |   |
| Current Liabilities                   |                              |   | 121          |   |   |         | 862    |   |
| Net assets of discontinued operations |                              | $      | 17           |   |   | $            | 4,575  |   |

----

Table of Contents 

|                                                        |   | Three Months Ended                  |   |   | Six Months Ended |   |
|-------------------------------------------------------------|--------|-------------------------------------|--------|--------|------------------|--------|
|                                                        |   | June 30,                            |   |   | June 30,         |   |
|                                                        |   | 2012                                |   |   | 2011             |   |   | 2012 |   |   | 2011 |   |
|                                                        |   | In thousands, except per share data |   |
| Numerator for basic and diluted earnings per common share - |   |                                |   |   |             |   |   |   |   |   |   |   |
| (Loss) income available to common stockholders:             |   |                                |   |   |             |   |   |   |   |   |   |   |
| (Loss) income from continuing operations                    |   | $                                   | (3,173 | )      |             | $      | 6,177 |   |   | $ | 16 |   |   | $ | 6,771 |   |
| Income from discontinued operations                         |   |                                | 1,103  |   |             |   | 196 |   |   |   | 1,283 |   |   |   | 281 |   |
| Net (loss) income                                           |   | $                                   | (2,070 | )      |             | $      | 6,373 |   |   | $ | 1,299 |   |   | $ | 7,052 |   |
|                                                        |   |                                |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Denominator:                                                |   |                                |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares                                     |   |                                | 10,121 |   |             |   | 10,303 |   |   |   | 10,105 |   |   |   | 10,294 |   |
| Denominator for basic earnings per common share             |   |                                | 10,121 |   |             |   | 10,303 |   |   |   | 10,105 |   |   |   | 10,294 |   |
|                                                        |   |                                |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Effect of dilutive securities:                              |   |                                |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Employee stock options                                      |   |                                | 0      |   |             |   | 33 |   |   |   | 18 |   |   |   | 37 |   |
| Other stock compensation plans                              |   |                                | 0      |   |             |   | 82 |   |   |   | 71 |   |   |   | 79 |   |
| Dilutive potential common shares                            |   |                                | 0      |   |             |   | 115 |   |   |   | 89 |   |   |   | 116 |   |
| Denominator for diluted earnings per common share -         |   |                                |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| adjusted weighted average shares and assumed conversions    |   |                                | 10,121 |   |             |   | 10,418 |   |   |   | 10,194 |   |   |   | 10,410 |   |
| Basic (loss) earnings per share:                            |   |                                |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Continuing operations                                       |   | $                                   | (0.31  | )      |             | $      | 0.60 |   |   | $ | 0.00 |   |   | $ | 0.66 |   |
| Discontinued operations                                     |   |                                | 0.11   |   |             |   | 0.02 |   |   |   | 0.13 |   |   |   | 0.03 |   |
| Basic (loss) earnings per common share                      |   | $                                   | (0.20  | )      |             | $      | 0.62 |   |   | $ | 0.13 |   |   | $ | 0.69 |   |
| Diluted (loss) earnings per share:                          |   |                                |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Continuing operations                                       |   | $                                   | (0.31  | )      |             | $      | 0.59 |   |   | $ | 0.00 |   |   | $ | 0.65 |   |
| Discontinued operations                                     |   |                                | 0.11   |   |             |   | 0.02 |   |   |   | 0.13 |   |   |   | 0.03 |   |
| Diluted (loss) earnings per common share                    |   | $                                   | (0.20  | )      |             | $      | 0.61 |   |   | $ | 0.13 |   |   | $ | 0.68 |   |
|                                                        |   |                                |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Dividends paid per common share                             |   | $                                   | 0.025  |   |             | $      | 0.05 |   |   | $ | 0.05 |   |   | $ | 0.05 |   |

----

Table of Contents 

|                                           |   |   |   |   |     |   |   | Weighted    |   |      |
|------------------------------------------------|--------|--------|--------|--------|----------|--------|--------|-------------|--------|-----------|
|                                           |   |   |   |   | Weighted |   |   | Average     |   |      |
|                                           |   |   |   |   | Average  |   |   | Remaining   |   | Aggregate |
|                                           |   |   |   |   | Exercise |   |   | Contractual |   | Intrinsic |
|                                           |   | Shares |   |   | Price    |   |   | Term        |   | Value     |
| Outstanding and Exercisable at January 1, 2012 |   |   | 39,950 |   |     | $      | 8.94   |        |   |      | 2.8 |   |   |
| Granted                                        |   |   | 0      |   |     |   | 0      |        |   |      | 0 |   |   |
| Canceled                                       |   |   | 0      |   |     |   | 0      |        |   |      | 0 |   |   |
| Exercised                                      |   |   | (1,450 | )      |     |   | 9.30   |        |   |      | 0 |   |   |
| Outstanding and Exercisable at June 30, 2012   |   |   | 38,500 |   |     | $      | 8.92   |        |   |      | 2.3 |   | $758,000 |

----

Table of Contents 

|             |   |   |   |   |       |   |   | Aggregate |   |         |
|------------------|--------|--------|--------|--------|------------|--------|--------|-----------|--------|--------------|
|             |   |   |   |   | Grant Date |   |   | Fair      |   |         |
| Grant Date       |   | Shares |   |   | Fair Value |   |   | Value     |   | Vesting Date |
|             |   |   |   |   |       |   |   |      |   |         |
| March 15, 2011   |   |   | 24,836 |   |       | $      | 38.46  |      |   | $            | 955,193 |   | March 15, 2015 |
| February 1, 2012 |   |   | 66,000 |   |       |   | 30.15  |      |   |         | 1,989,900 |   | February 1, 2016 |
| March 6, 2012    |   |   | 18,347 |   |       |   | 27.49  |      |   |         | 504,359 |   | March 6, 2016 |
| May 23, 2012     |   |   | 8,000  |   |       |   | 28.05  |      |   |         | 224,400 |   | May 23, 2016 |

|            |              |       |           |   |   |   |       |   |   | Aggregate |   |         |
|-----------------|-------------------|------------|----------------|--------|--------|--------|------------|--------|--------|-----------|--------|--------------|
|  Incentive |              |       |           |   |   |   | Grant Date |   |   | Fair      |   |         |
| Plan            |              | Grant Date |           | Units  |   |   | Fair Value |   |   | Value     |   | Vesting Date |
|            |              |       |           |   |   |   |       |   |   |      |   |         |
|            | 2010 – 2012 |       | March 2, 2010  |   |   | 36,541 |       |   | $      | 31.83     |   |         | $ | 1,163,100 |   | March 2, 2013 |
|            | 2011 – 2013 |       | March 15, 2011 |   |   | 34,002 |       |   |   | 38.46     |   |         |   | 1,307,717 |   | March 15, 2014 |
|            | 2012 – 2014 |       | March 6, 2012  |   |   | 43,042 |       |   |   | 27.49     |   |         |   | 1,183,225 |   | March 6, 2015 |

----

Table of Contents 

|                           |   | Three Months Ended |   |   | Six Months Ended |   |
|--------------------------------|--------|--------------------|--------|--------|------------------|--------|
|                           |   | June 30,           |   |   | June 30,         |   |
|                           |   | 2012               |   |   | 2011             |   |   | 2012 |   |   | 2011 |   |
|                           |   | In thousands       |   |
| Service cost                   |   | $                  | 8      |   |             | $      | 8 |   |   | $ | 16 |   |   | $ | 15 |   |
| Interest cost                  |   |               | 311    |   |             |   | 200 |   |   |   | 621 |   |   |   | 402 |   |
| Expected return on plan assets |   |               | (338   | )      |             |   | (191 | ) |   |   | (673 | ) |   |   | (383 | ) |
| Recognized net actuarial loss  |   |               | 56     |   |             |   | 28 |   |   |   | 112 |   |   |   | 56 |   |
| Net periodic benefit cost      |   | $                  | 37     |   |             | $      | 45 |   |   | $ | 76 |   |   | $ | 90 |   |

|                              |   | Three Months Ended |   |   | Six Months Ended |   |
|-----------------------------------|--------|--------------------|--------|--------|------------------|--------|
|                              |   | June 30,           |   |   | June 30,         |   |
|                              |   | 2012               |   |   | 2011             |   |   | 2012 |   |   | 2011 |   |
|                              |   | In thousands       |   |
| Interest cost                     |   | $                  | 80     |   |             | $      | 68 |   |   | $ | 163 |   |   | $ | 135 |   |
| Expected return on plan assets    |   |               | (68    | )      |             |   | (68 | ) |   |   | (139 | ) |   |   | (137 | ) |
| Amortization of transition amount |   |               | (12    | )      |             |   | (12 | ) |   |   | (24 | ) |   |   | (24 | ) |
| Recognized net actuarial loss     |   |               | 52     |   |             |   | 28 |   |   |   | 107 |   |   |   | 56 |   |
| Net periodic cost                 |   | $                  | 52     |   |             | $      | 16 |   |   | $ | 107 |   |   | $ | 30 |   |

----

Table of Contents 

|          |   | Three Months Ended |   |   | Six Months Ended |   |
|---------------|--------|--------------------|--------|--------|------------------|--------|
|          |   | June 30,           |   |   | June 30,         |   |
|          |   | 2012               |   |   | 2011             |   |   | 2012 |   |   | 2011 |   |
|          |   | In thousands       |   |
| Salaried Plan |   | $                  | 620    |   |             | $      | 450 |   |   | $ | 1,075 |   |   | $ | 978 |   |
| Union Plan    |   |               | 19     |   |             |   | 15 |   |   |   | 36 |   |   |   | 28 |   |
| Montreal Plan |   |               | 32     |   |             |   | 25 |   |   |   | 59 |   |   |   | 48 |   |
| UK Plan       |   |               | 16     |   |             |   | 18 |   |   |   | 30 |   |   |   | 36 |   |
| Kelsan Plan   |   |               | 31     |   |             |   | 30 |   |   |   | 77 |   |   |   | 61 |   |
|          |   | $                  | 718    |   |             | $      | 538 |   |   | $ | 1,277 |   |   | $ | 1,151 |   |

----

Table of Contents 

|                                             |   |         |   |   | Fair Value Measurements at Reporting Date Using |                                            |
|--------------------------------------------------|--------|--------------|--------|--------|-------------------------------------------------|-------------------------------------------------|
|                                             |   |         |   |   | Quoted Prices in                                |                                            |   | Significant |   |   |   |   |
|                                             |   |         |   |   | Active Markets                                  |                                            |   | Other |   |   | Significant |   |
|                                             |   |         |   |   | for Identical                                   |                                            |   | Observable |   |   | Unobservable |   |
|                                             |   | June 30,     |   |   | Assets                                          |                                            |   | Inputs |   |   | Inputs |   |
|                                             |   | 2012         |   |   | (Level 1)                                       |                                            |   | (Level 2) |   |   | (Level 3) |   |
|                                             |   | In thousands |   |
| Assets                                           |   |         |   |   |                                            |                                            |   |   |   |   |   |   |
| Domestic money market funds                      |   | $            | 41,844 |   |                                            | $                                               | 41,844 |   |   | $ | 0 |   |   | $ | 0 |   |
| Non domestic bank certificates of deposit        |   |         | 22,560 |   |                                            |                                            | 22,560 |   |   |   | 0 |   |   |   | 0 |   |
| Cash equivalents at fair value                   |   |         | 64,404 |   |                                            |                                            | 64,404 |   |   |   | 0 |   |   |   | 0 |   |
|                                             |   |         |   |   |                                            |                                            |   |   |   |   |   |   |   |   |   |   |
| Total Assets                                     |   | $            | 64,404 |   |                                            | $                                               | 64,404 |   |   | $ | 0 |   |   | $ | 0 |   |
|                                             |   |         |   |   |                                            |                                            |   |   |   |   |   |   |   |   |   |   |
|                                             |   |         |   |   |                                            |                                            |   |
|                                             |   |         |   |   |                                            | Fair Value Measurements at Reporting Date Using |   |
|                                             |   |         |   |   |                                            | Quoted Prices in                                |   |   | Significant |   |   |   |   |   |
|                                             |   |         |   |   |                                            | Active Markets                                  |   |   | Other |   |   | Significant |   |
|                                             |   |         |   |   |                                            | for Identical                                   |   |   | Observable |   |   | Unobservable |   |
|                                             |   | December 31, |   |   | Assets                                          |                                            |   | Inputs |   |   | Inputs |   |
|                                             |   |         | 2011   |   |                                            | (Level 1)                                       |   |   | (Level 2) |   |   | (Level 3) |   |
|                                             |   | In thousands |   |
| Assets                                           |   |         |   |   |                                            |                                            |   |   |   |   |   |   |   |   |   |   |
| Domestic money market funds                      |   | $            | 42,273 |   |                                            | $                                               | 42,273 |   |   | $ | 0 |   |   | $ | 0 |   |
| Non domestic bank certificates of deposit        |   |         | 22,520 |   |                                            |                                            | 22,520 |   |   |   | 0 |   |   |   | 0 |   |
| Cash equivalents at fair value                   |   |         | 64,793 |   |                                            |                                            | 64,793 |   |   |   | 0 |   |   |   | 0 |   |
|                                             |   |         |   |   |                                            |                                            |   |   |   |   |   |   |   |   |   |   |
| Total Assets                                     |   | $            | 64,793 |   |                                            | $                                               | 64,793 |   |   | $ | 0 |   |   | $ | 0 |   |
|                                             |   |         |   |   |                                            |                                            |   |   |   |   |   |   |   |   |   |   |
| Liabilities                                      |   |         |   |   |                                            |                                            |   |   |   |   |   |   |   |   |   |   |
| IDSI acquisition short-term note                 |   | $            | (945   | )      |                                            | $                                               | 0 |   |   | $ | (945 | ) |   | $ | 0 |   |
| Total current maturities of other long-term debt |   |         | (945   | )      |                                            |                                            | 0 |   |   |   | (945 | ) |   |   | 0 |   |
|                                             |   |         |   |   |                                            |                                            |   |   |   |   |   |   |   |   |   |   |
| Total Liabilities                                |   | $            | (945   | )      |                                            | $                                               | 0 |   |   | $ | (945 | ) |   | $ | 0 |   |

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|                            |   | In thousands |   |
|---------------------------------|--------|--------------|--------|
| Balance at December 31, 2011    |   | $            | 6,632  |   |
| Additions to warranty liability |   |         | 20,494 |   |
| Warranty liability utilized     |   |         | (1,817 | ) |
| Balance at June 30, 2012        |   | $            | 25,309 |   |

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Table of Contents 

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Table of Contents 

Item 2.  

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Table of Contents 

|                                                         |                                           |   | Three Months Ended   |    |   | Percent of Total Net Sales |   |    | Percent             |   |
|--------------------------------------------------------------|------------------------------------------------|--------|----------------------|---------|--------|----------------------------|--------|---------|---------------------|--------|
|                                                         |                                           |   | June 30,             |    |   | Period Ended June 30,      |   |    | Increase/(Decrease) |   |
|                                                         |                                           |   | 2012                 |    |   | 2011                       |   |    | 2012                |   |   | 2011 |   |   | 2012 vs. 2011 |   |
|                                                         |                                           |   | Dollars in thousands |
| Net Sales:                                                   |                                           |   |                 |    |   |                       |   |    |                |   |   |   |   |   |   |   |
|                                                         | Rail Products                                  |   | $                    | 101,369 |   |                       | $      | 88,824  |                |   |   | 61.4 | % |   |   | 51.8 | % |   |   | 14.1 | % |
|                                                         | Construction Products                          |   |                 | 49,624  |   |                       |   | 73,026  |                |   |   | 30.1 |   |   |   | 42.6 |   |   |   | (32.0 | ) |
|                                                         | Tubular Products                               |   |                 | 13,949  |   |                       |   | 9,661   |                |   |   | 8.5 |   |   |   | 5.6 |   |   |   | 44.4 |   |
|                                                         | Total Net Sales                                |   | $                    | 164,942 |   |                       | $      | 171,511 |                |   |   | 100.0 | % |   |   | 100.0 | % |   |   | (3.8 | ) % |
|                                                         |                                           |   |                 |    |   |                       |   |    |                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                         |                                           |   | Three Months Ended   |    |   | Gross Profit Percentage    |   |    | Percent             |   |
|                                                         |                                           |   | June 30,             |    |   | Period Ended June 30,      |   |    | Increase/(Decrease) |   |
|                                                         |                                           |   |                 | 2012    |   |                       |   | 2011    |                |   |   | 2012 |   |   |   | 2011 |   |   | 2012 vs. 2011 |   |
|                                                         |                                           |   | Dollars in thousands |
| Gross Profit:                                                |                                           |   |                 |    |   |                       |   |    |                |   |   |   |   |   |   |   |   |   |   |   |
|                                                         | Rail Products                                  |   | $                    | 1,798   |   |                       | $      | 13,025  |                |   |   | 1.8 | % |   |   | 14.7 | % |   |   | (86.2 | ) % |
|                                                         | Construction Products                          |   |                 | 7,416   |   |                       |   | 11,123  |                |   |   | 14.9 |   |   |   | 15.2 |   |   |   | (33.3 | ) |
|                                                         | Tubular Products                               |   |                 | 4,039   |   |                       |   | 2,487   |                |   |   | 29.0 |   |   |   | 25.7 |   |   |   | 62.4 |   |
|                                                         | LIFO Expense                                   |   |                 | (53     | )      |                       |   | (565    | )                   |   |   | (0.0 | ) |   |   | (0.3 | ) |   |   | (90.6 | ) |
|                                                         | Other                                          |   |                 | (470    | )      |                       |   | (504    | )                   |   |   | (0.3 | ) |   |   | (0.3 | ) |   |   | (6.7 | ) |
|                                                         | Total Gross Profit                             |   | $                    | 12,730  |   |                       | $      | 25,566  |                |   |   | 7.7 | % |   |   | 14.9 | % |   |   | (50.2 | ) % |
|                                                         |                                           |   |                 |    |   |                       |   |    |                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                         |                                           |   | Three Months Ended   |    |   | Percent of Total Net Sales |   |    | Percent             |   |
|                                                         |                                           |   | June 30,             |    |   | Period Ended June 30,      |   |    | Increase/(Decrease) |   |
|                                                         |                                           |   |                 | 2012    |   |                       |   | 2011    |                |   |   | 2012 |   |   |   | 2011 |   |   | 2012 vs. 2011 |   |
|                                                         |                                           |   | Dollars in thousands |
| Expenses:                                                    |                                           |   |                 |    |   |                       |   |    |                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                         | Selling and Administrative Expenses            |   | $                    | 16,801  |   |                       | $      | 16,210  |                |   |   | 10.2 | % |   |   | 9.5 | % |   |   | 3.6 | % |
|                                                         | Amortization Expense                           |   |                 | 697     |   |                       |   | 701     |                |   |   | 0.4 |   |   |   | 0.4 |   |   |   | (0.6 | ) |
|                                                         | Interest Expense                               |   |                 | 123     |   |                       |   | 135     |                |   |   | 0.1 |   |   |   | 0.1 |   |   |   | (8.9 | ) |
|                                                         | Interest Income                                |   |                 | (94     | )      |                       |   | (94     | )                   |   |   | (0.1 | ) |   |   | (0.1 | ) |   |   | 0.0 |   |
|                                                         | Equity in Income of Nonconsolidated Investment |   |                 | (309    | )      |                       |   | (196    | )                   |   |   | (0.2 | ) |   |   | (0.1 | ) |   |   | 57.7 |   |
|                                                         | Other Income                                   |   |                 | (122    | )      |                       |   | (46     | )                   |   |   | (0.1 | ) |   |   | (0.0 | ) |   |   | 165.2 |   |
|                                                         | Total Expenses                                 |   |                 | 17,096  |   |                       |   | 16,710  |                |   |   | 10.4 |   |   |   | 9.7 |   |   |   | 2.3 |   |
|                                                         |                                           |   |                 |    |   |                       |   |    |                |   |   |   |   |   |   |   |   |   |   |   |   |
| (Loss)/Income from Continuing Operations Before Income Taxes |                                           |   | (4,366               | )       |   |                       | 8,856  |    |                |   | (2.6 | ) |   |   | 5.2 |   |   |   | (149.3 | ) |
| Income Tax (Benefit)/Expense                                 |                                           |   | (1,193               | )       |   |                       | 2,679  |    |                |   | (0.7 | ) |   |   | 1.6 |   |   |   | (144.5 | ) |
|                                                         |                                           |   |                 |    |   |                       |   |    |                |   |   |   |   |   |   |   |   |   |   |   |   |
| (Loss)/Income from Continuing Operations                     |                                           | $      | (3,173               | )       |   | $                          | 6,177  |    |                |   | (1.9 | ) % |   |   | 3.6 | % |   |   | (151.4 | ) % |
|                                                         |                                           |   |

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Table of Contents 

|                    |   | Three Months Ended   |    |   | Increase/  |   |   | Percent             |   |
|-------------------------|--------|----------------------|---------|--------|------------|--------|--------|---------------------|--------|
|                    |   | June 30,             |    |   | (Decrease) |   |   | Increase/(Decrease) |   |
|                    |   | 2012                 |    |   | 2011       |   |   | 2012 vs. 2011       |   |   | 2012 vs. 2011 |   |
|                    |   | Dollars in thousands |    |
| Net Sales               |   | $                    | 101,369 |   |       | $      | 88,824 |                |   | $ | 12,545 |   |   |   | 14.1 | % |
|                    |   |                 |    |   |       |   |   |                |   |   |   |   |   |   |   |   |
| Gross Profit            |   | $                    | 1,798   |   |       | $      | 13,025 |                |   | $ | (11,227 | ) |   |   | (86.2 | )% |
| Gross Profit Percentage |   |                 | 1.8     | %      |       |   | 14.7   | %                   |   |   | (12.9 | )% |   |   | (87.9 | )% |

|                    |   | Three Months Ended   |   |   | Increase/  |   |   | Percent             |   |
|-------------------------|--------|----------------------|--------|--------|------------|--------|--------|---------------------|--------|
|                    |   | June 30,             |   |   | (Decrease) |   |   | Increase/(Decrease) |   |
|                    |   | 2012                 |   |   | 2011       |   |   | 2012 vs. 2011       |   |   | 2012 vs. 2011 |   |
|                    |   | Dollars in thousands |   |
| Net Sales               |   | $                    | 49,624 |   |       | $      | 73,026 |                |   | $ | (23,402 | ) |   |   | (32.0 | )% |
|                    |   |                 |   |   |       |   |   |                |   |   |   |   |   |   |   |   |
| Gross Profit            |   | $                    | 7,416  |   |       | $      | 11,123 |                |   | $ | (3,707 | ) |   |   | (33.3 | )% |
| Gross Profit Percentage |   |                 | 14.9   | %      |       |   | 15.2   | %                   |   |   | (0.3 | )% |   |   | (1.9 | )% |

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Table of Contents 

|                    |   | Three Months Ended   |   |   | Increase/  |   |   | Percent             |   |
|-------------------------|--------|----------------------|--------|--------|------------|--------|--------|---------------------|--------|
|                    |   | June 30,             |   |   | (Decrease) |   |   | Increase/(Decrease) |   |
|                    |   | 2012                 |   |   | 2011       |   |   | 2012 vs. 2011       |   |   | 2012 vs. 2011 |   |
|                    |   | Dollars in thousands |   |
| Net Sales               |   | $                    | 13,949 |   |       | $      | 9,661  |                |   | $ | 4,288 |   |   |   | 44.4 | % |
|                    |   |                 |   |   |       |   |   |                |   |   |   |   |   |   |   |   |
| Gross Profit            |   | $                    | 4,039  |   |       | $      | 2,487  |                |   | $ | 1,552 |   |   |   | 62.4 | % |
| Gross Profit Percentage |   |                 | 29.0   | %      |       |   | 25.7   | %                   |   |   | 3.2 | % |   |   | 12.5 | % |

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Table of Contents 

|                                                             |                                                                 |   | Six Months Ended     |    |   | Percent of Total Net Sales |   |    | Percent             |   |
|------------------------------------------------------------------|----------------------------------------------------------------------|--------|----------------------|---------|--------|----------------------------|--------|---------|---------------------|--------|
|                                                             |                                                                 |   | June 30,             |    |   | Period Ended June 30,      |   |    | Increase/(Decrease) |   |
|                                                             |                                                                 |   | 2012                 |    |   | 2011                       |   |    | 2012                |   |   | 2011 |   |   | 2012 vs. 2011 |   |
|                                                             |                                                                 |   | Dollars in thousands |
| Net Sales:                                                       |                                                                 |   |                 |    |   |                       |   |    |                |   |   |   |   |   |   |   |
|                                                             | Rail Products                                                        |   | $                    | 168,000 |   |                       | $      | 151,639 |                |   |   | 59.8 | % |   |   | 52.9 | % |   |   | 10.8 | % |
|                                                             | Construction Products                                                |   |                 | 89,659  |   |                       |   | 119,806 |                |   |   | 31.9 |   |   |   | 41.8 |   |   |   | (25.2 | ) |
|                                                             | Tubular Products                                                     |   |                 | 23,246  |   |                       |   | 15,412  |                |   |   | 8.3 |   |   |   | 5.3 |   |   |   | 50.8 |   |
|                                                             | Total Net Sales                                                      |   | $                    | 280,905 |   |                       | $      | 286,857 |                |   |   | 100.0 | % |   |   | 100.0 | % |   |   | (2.1 | ) % |
|                                                             |                                                                 |   |                 |    |   |                       |   |    |                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |                                                                 |   | Six Months Ended     |    |   | Gross Profit Percentage    |   |    | Percent             |   |
|                                                             |                                                                 |   | June 30,             |    |   | Period Ended June 30,      |   |    | Increase/(Decrease) |   |
|                                                             |                                                                 |   |                 | 2012    |   |                       |   | 2011    |                |   |   | 2012 |   |   |   | 2011 |   |   | 2012 vs. 2011 |   |
|                                                             |                                                                 |   | Dollars in thousands |
| Gross Profit:                                                    |                                                                 |   |                 |    |   |                       |   |    |                |   |   |   |   |   |   |   |   |   |   |   |
|                                                             | Rail Products                                                        |   | $                    | 16,205  |   |                       | $      | 23,032  |                |   |   | 9.6 | % |   |   | 15.2 | % |   |   | (29.6 | ) % |
|                                                             | Construction Products                                                |   |                 | 12,922  |   |                       |   | 17,459  |                |   |   | 14.4 |   |   |   | 14.6 |   |   |   | (26.0 | ) |
|                                                             | Tubular Products                                                     |   |                 | 6,734   |   |                       |   | 3,661   |                |   |   | 29.0 |   |   |   | 23.8 |   |   |   | 83.9 |   |
|                                                             | LIFO Expense                                                         |   |                 | (99     | )      |                       |   | (696    | )                   |   |   | (0.0 | ) |   |   | (0.2 | ) |   |   | (85.8 | ) |
|                                                             | Other                                                                |   |                 | (877    | )      |                       |   | (937    | )                   |   |   | (0.3 | ) |   |   | (0.3 | ) |   |   | (6.4 | ) |
|                                                             | Total Gross Profit                                                   |   | $                    | 34,885  |   |                       | $      | 42,519  |                |   |   | 12.4 | % |   |   | 14.8 | % |   |   | (18.0 | ) % |
|                                                             |                                                                 |   |                 |    |   |                       |   |    |                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |                                                                 |   | Six Months Ended     |    |   | Percent of Total Net Sales |   |    | Percent             |   |
|                                                             |                                                                 |   | June 30,             |    |   | Period Ended June 30,      |   |    | Increase/(Decrease) |   |
|                                                             |                                                                 |   |                 | 2012    |   |                       |   | 2011    |                |   |   | 2012 |   |   |   | 2011 |   |   | 2012 vs. 2011 |   |
|                                                             |                                                                 |   | Dollars in thousands |
| Expenses:                                                        |                                                                 |   |                 |    |   |                       |   |    |                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             | Selling and Administrative Expenses                                  |   | $                    | 33,919  |   |                       | $      | 31,532  |                |   |   | 12.1 | % |   |   | 11.0 | % |   |   | 7.6 | % |
|                                                             | Amortization Expense                                                 |   |                 | 1,394   |   |                       |   | 1,398   |                |   |   | 0.5 |   |   |   | 0.5 |   |   |   | (0.3 | ) |
|                                                             | Interest Expense                                                     |   |                 | 263     |   |                       |   | 273     |                |   |   | 0.1 |   |   |   | 0.1 |   |   |   | (3.7 | ) |
|                                                             | Interest Income                                                      |   |                 | (194    | )      |                       |   | (150    | )                   |   |   | (0.1 | ) |   |   | (0.1 | ) |   |   | 29.3 |   |
|                                                             | Equity in Income of Nonconsolidated Investment                       |   |                 | (332    | )      |                       |   | (283    | )                   |   |   | (0.1 | ) |   |   | (0.1 | ) |   |   | 17.3 |   |
|                                                             | Other (Income)/Expense                                               |   |                 | (608    | )      |                       |   | 41      |                |   |   | (0.2 | ) |   |   | 0.0 |   |   |   | ** |   |
|                                                             | Total Expenses                                                       |   |                 | 34,442  |   |                       |   | 32,811  |                |   |   | 12.3 |   |   |   | 11.4 |   |   |   | 5.0 |   |
|                                                             |                                                                 |   |                 |    |   |                       |   |    |                |   |   |   |   |   |   |   |   |   |   |   |   |
| Income from Continuing Operations  Before Income Taxes |                                                                 |   | 443                  |    |   |                       | 9,708  |    |                |   | 0.2 |   |   |   | 3.4 |   |   |   | (95.4 | ) |
| Income Tax Expense                                               |                                                                 |   | 427                  |    |   |                       | 2,937  |    |                |   | 0.2 |   |   |   | 1.0 |   |   |   | (85.5 | ) |
|                                                             |                                                                 |   |                 |    |   |                       |   |    |                |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Income from Continuing Operations                            |                                                                 | $      | 16                   |    |   | $                          | 6,771  |    |                |   | 0.0 | % |   |   | 2.4 | % |   |   | (99.8 | ) % |
|                                                             |                                                                 |   |                 |    |   |                       |   |    |                |   |   |   |   |   |   |   |   |   |   |   |   |
| **                                                               | Results of calculation are not meaningful for presentation purposes. |   |

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|                    |   | Six Months Ended     |    |   | Increase/  |   |    | Percent             |   |
|-------------------------|--------|----------------------|---------|--------|------------|--------|---------|---------------------|--------|
|                    |   | June 30,             |    |   | (Decrease) |   |    | Increase/(Decrease) |   |
|                    |   | 2012                 |    |   | 2011       |   |    | 2012 vs. 2011       |   |   | 2012 vs. 2011 |   |
|                    |   | Dollars in thousands |    |
| Net Sales               |   | $                    | 168,000 |   |       | $      | 151,639 |                |   | $ | 16,361 |   |   |   | 10.8 | % |
|                    |   |                 |    |   |       |   |    |                |   |   |   |   |   |   |   |   |
| Gross Profit            |   | $                    | 16,205  |   |       | $      | 23,032  |                |   | $ | (6,827 | ) |   |   | (29.6 | )% |
| Gross Profit Percentage |   |                 | 9.6     | %      |       |   | 15.2    | %                   |   |   | (5.5 | )% |   |   | (36.5 | )% |

|                    |   | Six Months Ended     |   |   | Increase/  |   |    | Percent             |   |
|-------------------------|--------|----------------------|--------|--------|------------|--------|---------|---------------------|--------|
|                    |   | June 30,             |   |   | (Decrease) |   |    | Increase/(Decrease) |   |
|                    |   | 2012                 |   |   | 2011       |   |    | 2012 vs. 2011       |   |   | 2012 vs. 2011 |   |
|                    |   | Dollars in thousands |   |
| Net Sales               |   | $                    | 89,659 |   |       | $      | 119,806 |                |   | $ | (30,147 | ) |   |   | (25.2 | )% |
|                    |   |                 |   |   |       |   |    |                |   |   |   |   |   |   |   |   |
| Gross Profit            |   | $                    | 12,922 |   |       | $      | 17,459  |                |   | $ | (4,537 | ) |   |   | (26.0 | )% |
| Gross Profit Percentage |   |                 | 14.4   | %      |       |   | 14.6    | %                   |   |   | (0.2 | )% |   |   | (1.1 | )% |

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Table of Contents 

|                    |   | Six Months Ended     |   |   | Increase/  |   |   | Percent             |   |
|-------------------------|--------|----------------------|--------|--------|------------|--------|--------|---------------------|--------|
|                    |   | June 30,             |   |   | (Decrease) |   |   | Increase/(Decrease) |   |
|                    |   | 2012                 |   |   | 2011       |   |   | 2012 vs. 2011       |   |   | 2012 vs. 2011 |   |
|                    |   | Dollars in thousands |   |
| Net Sales               |   | $                    | 23,246 |   |       | $      | 15,412 |                |   | $ | 7,834 |   |   |   | 50.8 | % |
|                    |   |                 |   |   |       |   |   |                |   |   |   |   |   |   |   |   |
| Gross Profit            |   | $                    | 6,734  |   |       | $      | 3,661  |                |   | $ | 3,073 |   |   |   | 83.9 | % |
| Gross Profit Percentage |   |                 | 29.0   | %      |       |   | 23.8   | %                   |   |   | 5.2 | % |   |   | 22.0 | % |

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|                                       |   | June 30,            |   |   |   |   |   | December 31, |   |   |   |   |
|--------------------------------------------|--------|---------------------|--------|--------|--------|--------|--------|--------------|--------|--------|--------|--------|
|                                       |   | 2012                |   |   |   |   |   | 2011         |   |   |   |   |
|                                       |   | Amount              |   |   | %      |   |   | Amount       |   |   | %      |   |
| Debt:                                      |   | Dollars in millions |   |
| Capital leases and interim lease financing |   | $                   | 0.7    |   |   |   |   |         | $      | 1.5    |   |   |   |   |
| IDSI acquisition notes                     |   |                | 0.0    |   |   |   |   |         |   | 0.9    |   |   |   |   |
| Total Debt                                 |   |                | 0.7    |   |   |   | 0.3    | %            |   |   | 2.4    |   |   |   | 0.9 | % |
|                                       |   |                |   |   |   |   |   |         |   |   |   |   |   |   |   |   |
| Equity                                     |   |                | 271.0  |   |   |   | 99.7   | %            |   |   | 269.8  |   |   |   | 99.1 | % |
|                                       |   |                |   |   |   |   |   |         |   |   |   |   |   |   |   |   |
| Total Capitalization                       |   | $                   | 271.7  |   |   |   | 100.0  | %            |   | $      | 272.2  |   |   |   | 100.0 | % |

|                                                 |   | June 30,    |   |
|------------------------------------------------------|--------|-------------|--------|
|                                                 |   | 2012        |   |   | 2011 |   |
| Liquidity needs:                                     |   | In millions |   |
| Working capital and other assets and liabilities     |   | $           | 3.5    |   |   | $ | (22.0 | ) |
| Capital expenditures                                 |   |        | (4.8   | ) |   |   | (6.6 | ) |
| Other long-term debt repayments                      |   |        | (1.7   | ) |   |   | (1.7 | ) |
| Common stock purchases                               |   |        | 0.0    |   |   |   | (1.6 | ) |
| Dividends paid to shareholders                       |   |        | (0.5   | ) |   |   | (0.5 | ) |
| JV capital contributions                             |   |        | 0.0    |   |   |   | (0.3 | ) |
| Acquisitions                                         |   |        | 0.0    |   |   |   | (9.0 | ) |
| Cash interest paid                                   |   |        | (0.2   | ) |   |   | (0.2 | ) |
| Net liquidity requirements                           |   |        | (3.7   | ) |   |   | (41.9 | ) |
|                                                 |   |        |   |   |   |   |   |   |
| Liquidity sources:                                   |   |        |   |   |   |   |   |   |
| Internally generated cash flows before interest paid |   |        | 0.2    |   |   |   | 12.7 |   |
| Equity transactions                                  |   |        | 0.1    |   |   |   | 0.4 |   |
| Foreign exchange effects                             |   |        | 0.1    |   |   |   | 0.5 |   |
| Net liquidity sources                                |   |        | 0.4    |   |   |   | 13.6 |   |
|                                                 |   |        |   |   |   |   |   |   |
| Discontinued operations                              |   |        | 6.8    |   |   |   | (0.8 | ) |
|                                                 |   |        |   |   |   |   |   |   |
| Net Change in Cash                                   |   | $           | 3.5    |   |   | $ | (29.1 | ) |

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|                                     |   | Backlog      |    |
|------------------------------------------|--------|--------------|---------|
|                                     |   | June 30,     |    |   | December 31, |   |   | June 30, |   |
|                                     |   | 2012         |    |   | 2011 |   |   | 2011 |   |
|                                     |   | In thousands |    |
| Rail Products                            |   | $            | 176,490 |   |   | $ | 66,433 |   |   | $ | 97,186 |   |
| Construction Products                    |   |         | 65,792  |   |   |   | 66,555 |   |   |   | 85,230 |   |
| Tubular Products                         |   |         | 13,045  |   |   |   | 10,784 |   |   |   | 7,617 |   |
| Total Backlog from Continuing Operations |   | $            | 255,327 |   |   | $ | 143,772 |   |   | $ | 190,033 |   |

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Item 3.

Item 4.

| a)     | L. B. Foster Company (the Company) carried out an evaluation, under the supervision and with the participation of the Company’s management, including the Chief Executive Officer and the Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Rules 13a - 15(e) under the Securities and Exchange Act of 1934, as amended) as of June 30, 2012.  Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures are effective to timely alert them to material information relating to the Company (including its consolidated subsidiaries) required to be included in the Company’s periodic SEC filings. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| b)     | There have been no significant changes in the Company’s internal controls over financial reporting that occurred in the period covered by this report that have materially affected or are likely to materially affect the Company’s internal controls over financial reporting.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |

Item 1. 

Item 1A.

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Item 2.

|                                 |   |          |   |   |     |   |   | Total Number     |   |   | Approximate Dollar |   |
|--------------------------------------|--------|---------------|--------|--------|----------|--------|--------|------------------|--------|--------|--------------------|--------|
|                                 |   |          |   |   |     |   |   | of Shares        |   |   | Value of Shares    |   |
|                                 |   |          |   |   | Average  |   |   | Purchased as     |   |   | that May Yet Be    |   |
|                                 |   | Total Number  |   |   | Price    |   |   | Part of Publicly |   |   | Purchased Under    |   |
|                                 |   | Of Shares     |   |   | Paid per |   |   | Announced Plans  |   |   | the Plans          |   |
|                                 |   | Purchased (1) |   |   | Share    |   |   | or Programs      |   |   | or Programs        |   |
| April 1, 2012 – April 30, 2012 |   |          | -      |   |     |   | -      |             |   |   | -                  |   |   | $ | 18,520,000 |   |
| May 1, 2012 – May 31, 2012     |   |          | -      |   |     |   | -      |             |   |   | -                  |   |   |   | 18,520,000 |   |
| June 1, 2012 – June 30, 2012   |   |          | -      |   |     |   | -      |             |   |   | -                  |   |   |   | 18,520,000 |   |
| Total                                |   |          | -      |   |     |   | -      |             |   |   | -                  |   |   | $ | 18,520,000 |   |

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Item 6.

| *10.1  | Amended Supplemental Executive Retirement Plan.                                                                           |
|--------|---------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                      |
| *31.1  | Certification of Chief Executive Officer under Section 302 of the Sarbanes-Oxley Act of 2002.                             |
|   |                                                                                                                      |
| *31.2  | Certification of Chief Financial Officer under Section 302 of the Sarbanes-Oxley Act of 2002.                             |
|   |                                                                                                                      |
| *32.0  | Certification of Chief Executive Officer and Chief Financial Officer under Section 906 of the Sarbanes-Oxley Act of 2002. |
|   | _______________________________                                                                                           |
|   |                                                                                                                      |
| *      | Exhibits marked with an asterisk are filed herewith.                                                                      |
|   |                                                                                                                      |
| **     | Identifies management contract or compensatory plan or arrangement required to be filed as an Exhibit.                    |
|   |                                                                                                                      |
| ^      | Portions of the exhibit have been omitted pursuant to a confidential treatment request.                                   |

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SIGNATURE

|                 | L.B. FOSTER COMPANY                     |
|----------------------|-----------------------------------------|
|                 | (Registrant)                            |
|                 |                                    |
| Date: August 9, 2012 | By: /s/ David J. Russo                  |
|                 | David J. Russo                          |
|                 | Senior Vice President,                  |
|                 | Chief Financial Officer and Treasurer   |
|                 | (Duly Authorized Officer of Registrant) |

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