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) has signed a definitive agreement to acquire Blasters, Inc., a truck-mounted waterblasting equipment manufacturer, for an initial price of $14 million, with a potential earn-out of $8 million. This acquisition aims to enhance Federal Signal's market position in the maintenance and infrastructure sectors, leveraging synergies with its previous acquisition of Mark Rite Lines. The transaction is expected to close in about 90 days, contingent on customary conditions. Both companies anticipate significant growth opportunities from this strategic partnership.
Federal Signal Corporation (NYSE:FSS) reported strong third-quarter results, with net sales of $346 million, up 16% year-over-year, and adjusted EPS of $0.53, a 10% increase. The company raised its full-year adjusted EPS outlook to a range of $1.91 to $2.00 and net sales outlook to between $1.41 billion and $1.44 billion. Orders increased by 9% to $382 million, and the backlog reached a record $824 million, up 69% from the previous year. Despite supply chain disruptions, the company achieved impressive growth in both its Environmental Solutions and Safety and Security Systems groups.
Federal Signal Corporation (NYSE: FSS) will announce its third quarter earnings on November 3, 2022, before market opening. An investor conference call will take place at 10 a.m. ET, featuring CEO Jennifer L. Sherman and CFO Ian A. Hudson. Investors can access the webcast via federalsignal.com. The company specializes in environmental and safety solutions and operates globally, serving municipal, governmental, industrial, and commercial customers. Stay tuned for earnings insights that may affect stock performance.
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 December 2, 2022, to stockholders of record as of November 18, 2022. Federal Signal, founded in 1901 and headquartered in Oak Brook, Illinois, specializes in manufacturing equipment for municipal, governmental, and industrial customers.
Federal Signal Corporation (NYSE: FSS) announced a new five-year $800 million credit facility, replacing its $500 million facility. This includes a $675 million revolving credit facility and a $125 million term loan. The arrangement allows for an increase in borrowing capacity based on EBITDA performance, enhancing financial flexibility for growth initiatives and acquisitions. CEO Jennifer L. Sherman expressed confidence in the more favorable terms, reflecting strong cash flow. Additional details will be disclosed in a Form 8-K filing.
Federal Signal Corporation (NYSE: FSS) has finalized its acquisition of TowHaul Corporation for $46.1 million, enhancing its position as a diversified industrial manufacturer. This strategic purchase, announced on September 7, 2022, allows Federal Signal to expand its offering in off-road towing and hauling equipment. The company anticipates the acquisition will be accretive in 2023 and aims to leverage operational improvements for long-term growth. CEO Jennifer L. Sherman emphasized the opportunity for enhanced product range and global market service.
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.