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) reported Q3 2021 results, showcasing a 7% increase in net sales to $298 million and a 15% rise in GAAP EPS to $0.47. The company achieved a record backlog of $487 million, up 60% year-over-year, and secured orders totaling $350 million, a 32% increase. Recent acquisition of Ground Force completed and a definitive agreement to acquire Deist Industries for $32.5 million, with potential earn-out of $7.5 million. Adjusted EPS is forecasted at $1.68 to $1.78 due to ongoing supply chain disruptions.
Federal Signal Corporation (NYSE: FSS) will announce its third quarter earnings on November 9, 2021, before the market opens. An investor conference call is scheduled for 10 a.m. Eastern Time the same day, featuring CEO Jennifer L. Sherman and CFO Ian A. Hudson. Investors can access the live webcast through the company’s website or join the teleconference by calling 1-855-327-6837 with conference ID 10017084. The company is a leader 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 $0.09 per share, payable on December 1, 2021. Stockholders of record will be determined at the close of business on November 19, 2021. Founded in 1901, Federal Signal is a leading manufacturer of safety and security systems, delivering quality equipment for municipal and commercial customers worldwide. The company operates through two main divisions: Environmental Solutions and Safety and Security Systems.
The Board of Directors of Federal Signal Corporation (NYSE: FSS) has appointed Shashank Patel as a new board member, effective October 25, 2021. Mr. Patel, previously the CFO of Watts Water Technologies, brings extensive experience from his 21 years at Xylem Inc. and ITT Corporation, focusing on finance, operations, and engineering. His appointment is expected to provide valuable insights to Federal Signal's board, enhancing governance and strategic direction within the company, which specializes in environmental and safety solutions.
Federal Signal Corporation (NYSE: FSS) has successfully completed the acquisition of Ground Force Worldwide for $45 million. This acquisition, initially announced on September 8, 2021, enhances Federal Signal's portfolio in specialized vehicles for the maintenance and infrastructure sectors. Ground Force is poised to benefit from growth in industrial activity and green initiatives, with potential for operational improvements and future acquisitions. This strategic move aims to create long-term value and leverage synergies in the growing market.
Federal Signal Corporation (NYSE: FSS) has signed a definitive agreement to acquire Ground Force Worldwide for $45 million. Ground Force, based in Post Falls, Idaho, specializes in manufacturing specialty material handling vehicles used in metal extraction, generating approximately $34 million in revenue over the last year. This strategic acquisition is expected to enhance Federal Signal's market position and supports their aftermarket needs. The company anticipates the transaction will close in the fourth quarter of 2021 and be accretive in its first year.
Federal Signal Corporation (NYSE:FSS) reported a robust second quarter for the period ending June 30, 2021, with net sales of $335 million, a 24% increase from the previous year. Operating income rose to $38.5 million, a 23% gain, while GAAP EPS climbed 37% to $0.48. Orders surged by 79% to $361 million, contributing to a record backlog of $437 million. The company raised its full-year adjusted EPS outlook to $1.78 - $1.90. Despite supply chain challenges, operational performance surpassed expectations, with strong cash flow supporting ongoing investments and shareholder returns.
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 is scheduled for payment on September 1, 2021, to stockholders who are on record by the close of business on August 20, 2021. Federal Signal, based in Oak Brook, Ill., is a prominent global provider of equipment and solutions serving municipal, governmental, industrial, and commercial sectors.
Federal Signal Corporation (NYSE: FSS) will announce its second quarter earnings on July 29, 2021, before market opening. The company will conduct an investor conference call at 10 a.m. Eastern Time on the same day, featuring CEO Jennifer L. Sherman and CFO Ian A. Hudson. Investors can access the webcast on the company's website or join by teleconference using ID 10015761. Federal Signal is a leader in environmental and safety solutions, designing and manufacturing products for municipal, governmental, industrial, and commercial customers.
Federal Signal Corporation (NYSE:FSS) announced strong first-quarter results for 2021, highlighting record orders of $384 million, a 26% increase from the previous year, and a backlog of $410 million, up 35%. Despite net sales of $279 million showing a slight decline, adjusted EPS remains stable at $0.38. The company completed the acquisition of OSW Equipment for $53.5 million to enhance growth opportunities. Outlook remains optimistic with anticipated adjusted EPS of $1.73 to $1.85 for the year, despite short-term production challenges.
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