Welcome to our dedicated page for Federal Signal news (Ticker: FSS), a resource for investors and traders seeking the latest updates and insights on Federal Signal stock.
Federal Signal Corporation (NYSE: FSS) is a prominent global designer and manufacturer of products and integrated solutions that enhance safety, security, and environmental sustainability. Established in 1901 and headquartered in Oak Brook, Illinois, Federal Signal serves a diverse clientele, including municipal, governmental, industrial, and commercial organizations, with a mission to protect people and the planet.
The company's operations are segmented into two primary groups: Environmental Solutions and Safety and Security Systems. The Environmental Solutions Group is a leading provider of specialized vehicles and equipment, including street sweepers, sewer cleaners, vacuum loaders, hydro-excavation trucks, water blasting systems, dump truck bodies, and trailers. This segment is the major revenue generator for the company, driven by strong customer demand and robust aftermarket services.
The Safety and Security Systems Group offers an array of products aimed at emergency management and public safety, such as campus alert systems, community alerting solutions, emergency vehicles, and interoperable communication systems for first responders. This division has consistently shown impressive growth, contributing significantly to the company's overall performance.
Federal Signal's recent financial performance underscores its strong market position. For the fourth quarter of 2023, the company reported consolidated net sales of $448 million, setting a record for quarterly net sales. Net income during this period was $46.4 million, or $0.75 per diluted share, both new highs for the company. The entire fiscal year saw consolidated net sales of $1.72 billion, a 20% increase over the previous year. Net income for 2023 was $157.4 million, or $2.56 per diluted share, again marking record high results.
Key achievements during the latest quarters include an unprecedented level of customer demand, leading to record order intakes and backlog levels. The company has also seen significant improvement in its operating cash flow, allowing for debt reduction, strategic acquisitions, and increased dividends to shareholders. Recent acquisitions, such as Trackless Vehicles Limited, have further strengthened Federal Signal’s market presence and operational capabilities.
Looking ahead, Federal Signal remains optimistic about its growth prospects. The company has raised its full-year adjusted EPS outlook to a range of $2.95 to $3.15 per share, reflecting confidence in sustained demand and effective execution of strategic initiatives. Federal Signal aims to maintain its momentum by investing in new product development, enhancing production efficiencies, and exploring further strategic acquisitions.
For more information on Federal Signal, visit www.federalsignal.com.
Federal Signal (NYSE:FSS) reported strong Q4 2024 results with net sales of $472 million, up 5% year-over-year, and operating income of $70.1 million, an 11% increase. The company achieved record full-year 2024 results with net sales of $1.86 billion (up 8%) and net income of $216.3 million.
Q4 highlights include GAAP EPS of $0.81 (up 8%) and adjusted EPS of $0.87 (up 18%). Operating cash flow was robust at $91 million. The Environmental Solutions Group saw a 6% sales increase, while Safety and Security Systems Group grew 1%.
For 2025, Federal Signal projects net sales between $2.02-2.10 billion and adjusted EPS of $3.60-3.90. The company recently acquired Hog Technologies and increased its quarterly dividend by 17% to $0.14 per share.
Federal Signal (NYSE: FSS) has announced a significant increase in its quarterly cash dividend. The Board of Directors declared a dividend of $0.14 per share on its common stock, representing a 17% increase ($0.02 per share) compared to the previous quarter's dividend. The dividend will be paid on March 27, 2025, to stockholders of record as of the close of business on March 14, 2025.
Federal Signal (NYSE: FSS), a leader in environmental and safety solutions, has scheduled its fourth quarter earnings announcement for February 26, 2025, before market opening. The company will host an investor conference call and webcast at 10 a.m. Eastern Time on the same day.
President and CEO Jennifer L. Sherman and Senior VP/CFO Ian A. Hudson will lead the conference. Investors can access the webcast at federalsignal.com, while the teleconference will be available at 1-877-704-4453 using conference ID 13751729. A replay will be accessible on the company's website and via phone at 1-844-512-2921 with the same pin number.
Federal Signal (NYSE: FSS) has completed the acquisition of Hog Technologies for an initial purchase price of $78.1 million, with a potential earn-out of up to $15 million based on 2025 financial targets. The company has also agreed to acquire Hog's manufacturing facility in Stuart, Florida for $14.5 million.
Hog Technologies, founded in 1988, is a leading U.S. manufacturer of truck-mounted road-marking, line-removal, and waterblasting equipment. The company generated annual revenues of $65 million in 2024, with aftermarket parts and services accounting for 35% of total revenues. Hog's product portfolio includes patented rubber- and paint-removal systems, pavement-marking and grinding trucks, and advanced waterblasting units.
The acquisition aligns with Federal Signal's strategic priorities to grow its specialty vehicle platform and strengthen its position in infrastructure maintenance. The transaction, completed on February 12, 2025, is expected to be accretive to earnings and cash flow in 2025.
Federal Signal (NYSE:FSS) reported strong Q3 2024 results with net sales of $474 million, up 6% year-over-year. The company achieved notable improvements with operating income increasing 21% to $75.9 million and GAAP Diluted EPS rising 23% to $0.87. Backlog remained robust at $1.03 billion, up 3% from last year.
The company raised its 2024 adjusted EPS outlook to $3.30-$3.40 and increased EBITDA margin targets for the Safety and Security Systems Group to 18-24%. Operating cash flow showed significant improvement, up 43% to $69 million in Q3.
Federal Signal (NYSE: FSS), a leader in environmental and safety solutions, has announced its participation in the Baird 2024 Global Industrials Conference in Chicago, Illinois, on Tuesday, November 12, 2024. Key executives attending include Jennifer L. Sherman (President and CEO), Ian A. Hudson (SVP and CFO), and Felix M. Boeschen (VP of Corporate Strategy and Investor Relations). Conference materials and investor presentation will be accessible on the company's website investor section at federalsignal.com.
Federal Signal (NYSE: FSS) has announced a quarterly cash dividend of $0.12 per share on its common stock. The dividend will be payable on December 2, 2024 to stockholders of record at the close of business on November 15, 2024. This declaration was made by the company's Board of Directors, demonstrating their commitment to returning value to shareholders.
Federal Signal (NYSE: FSS), a leader in environmental and safety solutions, has announced its upcoming third quarter earnings release and conference call. The company will release its Q3 2024 earnings before market open on Thursday, October 31, 2024. Following the release, Federal Signal will host an investor conference call and webcast at 10 a.m. Eastern Time on the same day.
The call will feature Jennifer L. Sherman, president and CEO, and Ian A. Hudson, senior vice president and CFO. Investors and analysts can access the webcast through the company's website at www.federalsignal.com. For those preferring to join by phone, the teleconference can be accessed 10 minutes before the start by calling 1-877-704-4453 with conference ID 13749732. An archived replay will be available on the company's website shortly after the call, with a replay telephone number of 1-844-512-2921 and pin number 13749732.
Federal Signal (NYSE: FSS) has completed the acquisition of Standard Equipment Company, a leading distributor of specialty maintenance and infrastructure equipment. The acquisition, which closed on October 4, 2024, includes an initial purchase price of $38.8 million and a potential earn-out payment of up to $4.8 million.
Standard Equipment, based in Elmhurst, Illinois, has been a partner for Federal Signal's product lines including Vactor, Elgin, and TRUVAC. This acquisition aligns with Federal Signal's aftermarket growth strategy, expanding its capabilities in parts, services, rental, and used equipment operations. The company expects the acquisition to be accretive to earnings and cash flow in 2025.
Federal Signal (NYSE:FSS) reported strong Q2 2024 results, with double-digit sales and earnings growth. Key highlights include:
- Net sales of $490 million, up 11% year-over-year
- Operating income of $81.1 million, up 37%
- GAAP EPS of $0.99, up 50%
- Adjusted EPS of $0.95, up 42%
- Backlog of $1.08 billion, up 7%
The company raised its 2024 adjusted EPS outlook to $3.20-$3.35 from $2.95-$3.15. Both Environmental Solutions and Safety and Security Systems segments showed impressive growth. Operating cash flow increased by 13% to $41 million, strengthening the company's financial position.
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