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 (NYSE: FSS) has completed the acquisition of Standard Equipment Company, a leading distributor of specialty maintenance and infrastructure equipment. The acquisition, which closed on October 4, 2024, includes an initial purchase price of $38.8 million and a potential earn-out payment of up to $4.8 million.
Standard Equipment, based in Elmhurst, Illinois, has been a partner for Federal Signal's product lines including Vactor, Elgin, and TRUVAC. This acquisition aligns with Federal Signal's aftermarket growth strategy, expanding its capabilities in parts, services, rental, and used equipment operations. The company expects the acquisition to be accretive to earnings and cash flow in 2025.
Federal Signal (NYSE:FSS) reported strong Q2 2024 results, with double-digit sales and earnings growth. Key highlights include:
- Net sales of $490 million, up 11% year-over-year
- Operating income of $81.1 million, up 37%
- GAAP EPS of $0.99, up 50%
- Adjusted EPS of $0.95, up 42%
- Backlog of $1.08 billion, up 7%
The company raised its 2024 adjusted EPS outlook to $3.20-$3.35 from $2.95-$3.15. Both Environmental Solutions and Safety and Security Systems segments showed impressive growth. Operating cash flow increased by 13% to $41 million, strengthening the company's financial position.
Federal Signal (NYSE:FSS) has announced a quarterly cash dividend of $0.12 per share on its common stock. The dividend will be paid on August 30, 2024 to stockholders of record at the close of business on August 16, 2024. This declaration by the Board of Directors demonstrates the company's commitment to returning value to its shareholders through regular dividend payments.
Federal Signal (NYSE: FSS), a leader in environmental and safety solutions, has announced its upcoming second quarter earnings release and conference call. The company will release its Q2 2024 earnings before the market opens on Thursday, July 25, 2024. Following the release, FSS will host an investor conference call and webcast at 10 a.m. Eastern Time on the same day.
The call will feature Jennifer L. Sherman, president and CEO, and Ian A. Hudson, senior VP and CFO. Investors and analysts can access the webcast at www.federalsignal.com or join the teleconference by calling 1-877-704-4453 with conference ID 13747736. An archived replay will be available on the company's website shortly after the call, with a replay telephone number of 1-844-512-2921 and pin number 13747736.
Ernst & Young announced Jennifer Sherman, CEO of Federal Signal , as an Entrepreneur Of The Year® 2024 Midwest Award winner on June 13, 2024. Sherman was recognized for her leadership in creating long-term value and driving significant company growth. This accolade celebrates her achievements, including a 450% increase in stockholder value and strategic transformation of the company. As a Midwest award winner, Sherman is now in contention for the National Entrepreneur Of The Year 2024 awards, with winners to be announced in November. This recognition places her among a global community of entrepreneurial leaders supported by EY's extensive resources.
Federal Signal (NYSE: FSS), a leader in environmental and safety solutions, announced that key executives will attend the KeyBanc Capital Markets 2024 Industrials and Basic Materials Conference. The event is scheduled for May 30, 2024, in Boston, Massachusetts. Representing the company will be CEO Jennifer L. Sherman, CFO Ian A. Hudson, and VP of Corporate Strategy and Investor Relations Felix M. Boeschen. An updated investor presentation is available on the Company's official website.
Federal Signal (NYSE:FSS) reported impressive first quarter results, including double-digit sales and earnings growth, with net sales of $425 million, a 10% increase from last year. Operating income rose by 37% to $54.3 million. GAAP EPS increased by 87% to $0.84, while adjusted EPS grew by 39% to $0.64. The company set new records with orders reaching $503 million and backlog at $1.10 billion. Operating cash flow surged by 341% to $31 million. The adjusted EPS outlook was raised to $2.95 to $3.15 for 2024.
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