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 manufacturing company focused on environmental and safety solutions, with operations organized into the Environmental Solutions Group and the Safety and Security Systems Group. Company news frequently highlights performance in these segments, including net sales growth, operating income, adjusted EBITDA, orders and backlog.
Investors following FSS news can see regular quarterly earnings releases, where Federal Signal reports consolidated results and segment performance. These updates detail net sales and margin trends in the Environmental Solutions Group, which produces street sweepers, sewer cleaners, hydro-excavation trucks, high-performance water blasting equipment, dump truck bodies and trailers, and in the Safety and Security Systems Group, which provides campus and community alerting, emergency vehicle-related products and first responder interoperable communications.
Federal Signal’s news flow also includes acquisition announcements and integration updates. Recent releases describe the completed acquisition of Scranton Manufacturing Company LLC d/b/a New Way Trucks, a U.S.-based designer and manufacturer of refuse collection vehicles, and the agreement to acquire Mega Corp., a manufacturer of specialty vehicles and equipment for global metal extraction and construction markets. Earlier, the company reported the acquisition of Hog Technologies, a U.S. manufacturer of truck-mounted road-marking, line-removal and waterblasting equipment.
Other recurring topics in FSS news include dividend declarations, stock repurchase activity, changes to credit facilities and investor conference calls. Together, these items provide insight into Federal Signal’s capital allocation, liquidity, specialty vehicle platform expansion and demand indicators such as record orders and backlog. This news page aggregates such releases so readers can review the company’s recent financial results, strategic transactions and corporate actions in one place.
Federal Signal Corporation (NYSE: FSS) is set to announce its fourth quarter earnings on March 1, 2022, before market opening. An investor conference call led by Jennifer L. Sherman and Ian A. Hudson will take place the same day at 10 a.m. ET. Investors can join the webcast via the company's website. Federal Signal, founded in 1901, specializes in environmental and safety solutions, serving a range of municipal and commercial clients globally.
Federal Signal Corporation (NYSE: FSS) announced the completion of its acquisition of Deist Industries, including Bucks Fabricating, Roll-Off Parts, and Switch-N-Go, based in Pennsylvania. This strategic move enhances Federal Signal's product offerings in the work truck industry, particularly in landscaping and waste hauling. The acquisition aims to leverage synergies through product innovation and expanded distribution. The purchase was initially announced on November 9, 2021, emphasizing Federal Signal's focus on growth and market expansion.
Federal Signal Corporation (NYSE: FSS) reported Q3 2021 results, showcasing a 7% increase in net sales to $298 million and a 15% rise in GAAP EPS to $0.47. The company achieved a record backlog of $487 million, up 60% year-over-year, and secured orders totaling $350 million, a 32% increase. Recent acquisition of Ground Force completed and a definitive agreement to acquire Deist Industries for $32.5 million, with potential earn-out of $7.5 million. Adjusted EPS is forecasted at $1.68 to $1.78 due to ongoing supply chain disruptions.
Federal Signal Corporation (NYSE: FSS) will announce its third quarter earnings on November 9, 2021, before the market opens. An investor conference call is scheduled for 10 a.m. Eastern Time the same day, featuring CEO Jennifer L. Sherman and CFO Ian A. Hudson. Investors can access the live webcast through the company’s website or join the teleconference by calling 1-855-327-6837 with conference ID 10017084. The company is a leader in environmental and safety solutions, serving various sectors globally.
The Board of Directors of Federal Signal Corporation (NYSE: FSS) has declared a quarterly cash dividend of $0.09 per share, payable on December 1, 2021. Stockholders of record will be determined at the close of business on November 19, 2021. Founded in 1901, Federal Signal is a leading manufacturer of safety and security systems, delivering quality equipment for municipal and commercial customers worldwide. The company operates through two main divisions: Environmental Solutions and Safety and Security Systems.
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.