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 Corporation (NYSE: FSS) announced the acquisition of TowHaul Corporation for $46.1 million in cash, enhancing its position in the environmental and safety solutions market. TowHaul, known for its off-road towing and hauling equipment, contributes significantly to Federal Signal's product portfolio and aftermarket services, which account for 35% of TowHaul's revenue. The acquisition, expected to close in Q4 2022, aims to capitalize on industrial growth and vehicle electrification trends, creating synergies with Ground Force Worldwide, acquired previously. The merger is anticipated to be accretive to earnings in 2023.
Federal Signal Corporation (NYSE:FSS) reported second-quarter results for 2022, achieving net sales of $367 million, marking a 10% increase year-over-year. GAAP EPS rose to $0.55, up 15%, while adjusted EPS reached $0.53, a 6% jump. The company saw a record backlog of $795 million, an 82% increase from last year, with consolidated orders at $413 million, up 15%. Although supply chain challenges persist, improved price realization and strong aftermarket demand contributed to double-digit growth. The adjusted EPS outlook for 2022 was revised to a midpoint range of $1.85 to $2.00.
The Board of Directors of Federal Signal Corporation (NYSE: FSS) declared a quarterly cash dividend of $0.09 per share on its common stock. This dividend is scheduled for payment on September 2, 2022, to stockholders of record as of August 19, 2022.
Federal Signal, established in 1901 and headquartered in Oak Brook, Illinois, specializes in manufacturing equipment that supports municipal, governmental, industrial, and commercial sectors.
Federal Signal Corporation (NYSE: FSS) will announce its second quarter earnings on July 27, 2022, before the market opens. A conference call will follow at 10 a.m. Eastern Time, featuring CEO Jennifer L. Sherman and CFO Ian A. Hudson. Investors can access the call via a dedicated phone line or through a live webcast on the company's website. An archived version of the call will be available shortly after its conclusion. Federal Signal, based in Oak Brook, Illinois, specializes in environmental and safety solutions, serving various sectors globally.
The Board of Directors of Federal Signal Corporation (NYSE: FSS) has declared a quarterly cash dividend of nine cents ($0.09) per share on its common stock. This dividend will be paid on June 3, 2022, to stockholders of record as of May 20, 2022. Federal Signal, based in Oak Brook, Illinois, is a prominent designer and manufacturer of equipment that supports municipal and industrial applications.
Federal Signal Corporation (NYSE: FSS) will announce its first quarter earnings on May 2, 2022, before the market opens. An investor conference call, featuring CEO Jennifer L. Sherman and CFO Ian A. Hudson, will occur at 10 a.m. ET on the same day. The call will be accessible via teleconference, with a replay available afterward. The company specializes in high-quality environmental and safety solutions, serving various sectors including municipal and governmental markets. For more details, visit www.federalsignal.com.
Federal Signal Corporation (NYSE: FSS) reported its Q4 and full-year 2021 results, showcasing a 2% increase in quarterly net sales to $301 million and a 7% rise for the year, totaling $1.21 billion. The company experienced record orders of $444 million in Q4, up 61%, and a backlog of $629 million, a 107% increase year-over-year. Despite a non-cash pension settlement charge affecting quarterly EPS, adjusted EPS was $0.40. For 2022, Federal Signal forecasts adjusted EPS between $1.76 and $2.00, with net sales projected at $1.35 to $1.45 billion.
The Board of Directors of Federal Signal Corporation (NYSE: FSS) has declared a quarterly cash dividend of $0.09 per share on its common stock. This dividend will be payable on April 1, 2022, to stockholders of record as of March 18, 2022. Federal Signal is a prominent designer and manufacturer of solutions that serve municipal, governmental, industrial, and commercial customers, ensuring community protection and infrastructure maintenance.
Federal Signal Corporation (NYSE: FSS) is set to announce its fourth quarter earnings on March 1, 2022, before market opening. An investor conference call led by Jennifer L. Sherman and Ian A. Hudson will take place the same day at 10 a.m. ET. Investors can join the webcast via the company's website. Federal Signal, founded in 1901, specializes in environmental and safety solutions, serving a range of municipal and commercial clients globally.
Federal Signal Corporation (NYSE: FSS) announced the completion of its acquisition of Deist Industries, including Bucks Fabricating, Roll-Off Parts, and Switch-N-Go, based in Pennsylvania. This strategic move enhances Federal Signal's product offerings in the work truck industry, particularly in landscaping and waste hauling. The acquisition aims to leverage synergies through product innovation and expanded distribution. The purchase was initially announced on November 9, 2021, emphasizing Federal Signal's focus on growth and market expansion.
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