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.
On April 25, 2023, the Board of Directors of Federal Signal Corporation (NYSE: FSS) declared a quarterly cash dividend of $0.10 per share, marking an 11% increase from the previous quarter's dividend. The dividend is set to be paid on June 2, 2023 to stockholders who are on record as of May 19, 2023. Federal Signal, established in 1901 and headquartered in Oak Brook, Illinois, specializes in equipment manufacturing that supports municipal, governmental, industrial, and commercial sectors.
Federal Signal Corporation (NYSE: FSS) will announce its first quarter earnings before the market opens on May 2, 2023. The company will conduct an investor conference call and webcast at 10 a.m. Eastern Time on the same day, featuring Jennifer L. Sherman, president and CEO, and Ian A. Hudson, senior vice president and CFO. Investors can access the webcast on the company’s website, and a replay will be available shortly after.
Founded in 1901, Federal Signal is based in Oak Brook, Illinois, and specializes in environmental and safety solutions for municipal, governmental, and industrial sectors. With manufacturing facilities worldwide, the company operates in two segments: Environmental Solutions and Safety and Security Systems.
On April 3, 2023, Federal Signal Corporation (NYSE: FSS) announced the successful acquisition of substantially all assets and operations of Trackless Vehicles Limited, a leading manufacturer of municipal sidewalk tractors. This acquisition also includes Work Equipment Limited, the exclusive dealer for Trackless in Southwestern and Northern Ontario, Canada. The acquisition, first announced on February 23, 2023, is anticipated to be accretive to Federal Signal’s earnings in 2023. Founded in 1901, Federal Signal is a global leader in environmental and safety solutions, offering high-quality equipment and services for various sectors.
Federal Signal Corporation (NYSE:FSS) reported Q4 2022 net sales of $392 million, an increase of 30% year-over-year. Full-year net sales reached a record $1.43 billion, up 18%. GAAP EPS rose to $0.57 for Q4 and $1.97 for the year, reflecting increases of 78% and 21%, respectively. The company reported a record backlog of $879 million, driven by strong demand. 2023 guidance includes adjusted EPS between $2.15 and $2.40. Net cash generated was $39 million for Q4, supporting growth initiatives and dividends.
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