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 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.
Federal Signal Corporation (NYSE: FSS) announced a quarterly cash dividend of $0.09 per share on April 27, 2021. The dividend will be payable on June 2, 2021, to stockholders recorded by the end of business on May 21, 2021. This demonstrates the company's ongoing commitment to returning value to shareholders. Founded in 1901, Federal Signal specializes in equipment that supports municipal, governmental, and commercial sectors.
Federal Signal Corporation (NYSE: FSS) will announce its first quarter earnings on May 4, 2021, before market opening, followed by an investor conference call at 10 a.m. Eastern Time. The call will feature insights from Jennifer L. Sherman, president and CEO, and Ian A. Hudson, CFO. Investors can access the webcast via the company's website, with a replay available shortly after the call. Federal Signal, headquartered in Oak Brook, Ill., provides environmental and safety solutions globally, serving municipal, governmental, and industrial sectors.
Federal Signal Corporation (NYSE:FSS) reported its fourth quarter results for 2020, with net sales of $295 million, down from $314 million year-over-year. The operating margin was stable at 11.5%, while adjusted EBITDA margin improved to 15.9% from 15.4%. GAAP EPS was $0.42, with adjusted EPS at $0.44. The company generated $57 million in operating cash flow, up 27% year-over-year, and reduced total debt by over $30 million. Looking ahead, Federal Signal projects a strong 2021, expecting adjusted EPS between $1.73 and $1.85, driven by market recovery and strategic initiatives.
The Board of Directors of Federal Signal Corporation (NYSE: FSS) announced a quarterly cash dividend of $0.09 per share, marking a 13% increase from the previous quarter's dividend. This increase reflects the company's commitment to delivering shareholder value. The dividend is scheduled for payment on March 31, 2021, to shareholders on record as of March 19, 2021.
Federal Signal Corporation (NYSE: FSS) announced the acquisition of OSW Equipment and Repair, LLC for $52.5 million. OSW, a producer of dump truck bodies and custom truck equipment, enhances Federal Signal's platform, expanding its geographic reach into key markets in the West Coast and Canada. The acquisition includes subsidiary operations from Northend Truck Equipment and Western Truck Body, further strengthening Federal Signal's presence in the infrastructure and construction sectors. The CEO emphasized the strategic importance of this acquisition for long-term value creation.
Federal Signal Corporation (NYSE: FSS) will announce its fourth quarter earnings on February 25, 2021, before market opening. The company will conduct a conference call at 10 a.m. ET on the same day, featuring CEO Jennifer L. Sherman and CFO Ian A. Hudson. Investors can access the webcast via the company's website. Federal Signal is a leading provider of environmental and safety solutions, serving municipal, governmental, industrial, and commercial markets.
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