Federal Signal Stock Price, News & Analysis

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.

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.