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 reports developments in environmental and safety solutions for municipal, governmental, industrial and commercial customers. The company operates through Environmental Solutions and Safety and Security Systems, with products that move material, clean infrastructure and protect communities, including street sweepers, sewer cleaners, vacuum and hydro-excavation trucks, water-blasting equipment, dump bodies, trailers, public-safety equipment and signaling and warning systems.
Company news commonly covers quarterly results, orders, backlog, cash generation, outlook updates, dividend actions and board composition. Completed acquisition activity includes Mega Corp., a manufacturer of specialty vehicles and equipment for global metal extraction and construction markets, which adds to Federal Signal's specialty vehicle platform.
Federal Signal Corporation (NYSE:FSS) reported second-quarter results for 2020, with net sales of $270 million, compared to $324 million a year ago. Operating margin was 11.6% and adjusted EBITDA margin was 16.8%. The company generated operating cash flow of $60 million, a 73% increase year-over-year. Net income was $21.4 million ($0.35 per share), down from $32.8 million ($0.54 per share) last year. The company reinstated full-year guidance, projecting adjusted EPS between $1.53 and $1.65.
The Board of Directors of Federal Signal Corporation (NYSE: FSS) has declared a quarterly cash dividend of $0.08 per share on its common stock. This dividend is scheduled for payment on September 4, 2020, to stockholders of record by the close of business on August 21, 2020. Federal Signal, a leading provider of high-quality equipment, serves various sectors, including municipal and industrial markets. Founded in 1901 and headquartered in Oak Brook, Ill., it operates two groups: Environmental Solutions and Safety and Security Systems.
Federal Signal Corporation (NYSE: FSS) will announce its second quarter earnings on July 29, 2020, before the market opens. An investor conference call and webcast will follow at 10 a.m. Eastern Time, featuring CEO Jennifer L. Sherman and CFO Ian A. Hudson. Investors can access the call via the company’s website or by dialing in 10 minutes prior. Federal Signal, established in 1901 and headquartered in Oak Brook, Illinois, specializes in safety and environmental solutions, serving a global market across various sectors.
Federal Signal Corporation (NYSE:FSS) announced the acquisition of assets and operations from Public Works Equipment and Supply, Inc. for $2.5 million. PWE, a distributor in North Carolina, South Carolina, and Tennessee, specializes in maintenance and infrastructure equipment for municipalities and contractors. This acquisition adds a third location in a densely populated region, enhancing Federal Signal's aftermarket business and customer service capabilities. PWE will continue operating within the Environmental Solutions Group, maintaining its focus on high-quality products and services.