Federal Signal SEC Filings

Federal Signal Corp. reported that VP of Strategy and Investor Relations Felix Boeschen received new equity awards. He was granted 1,787 stock options at an exercise price of $116.43 per share and a restricted stock award of 590 common shares.

All 590 restricted shares vest on 02/27/2029. The options become exercisable in three tranches: 596 shares on 02/27/2027, 595 shares on 02/27/2028, and 596 shares on 02/27/2029. Following these grants, Boeschen directly owns 1,726 common shares and 1,787 options.

Federal Signal Corporation furnished an investor presentation outlining its business profile, recent acquisitions and 2026 financial outlook. The company reported 2025 net sales of approximately $2.18 billion and adjusted EBITDA of $438.9 million, representing a 20.1% adjusted EBITDA margin.

From 2016 to 2025, net sales grew at a ~13% compound annual rate, with organic growth of ~7%, and average cash conversion of 102% from 2021–2025. Net debt leverage was 1.1x as of Q4 2025. The Environmental Solutions Group generated 84% of 2025 net sales and the Safety and Security Systems Group 16%.

For 2026, Federal Signal targets net sales of $2.55–$2.65 billion, implying 17–22% year-over-year growth, and adjusted EPS of $4.50–$4.80, described as another year of double-digit growth and the highest adjusted EPS in its history. Planned 2026 capital expenditures are $45–$55 million. The outlook includes contributions from recently acquired New Way Trucks and Mega Corporation, alongside higher interest and amortization expense tied to these deals.

Federal Signal Corporation expanded its board of directors from seven to nine members and appointed Richard A. Maue and Eric A. Vaillancourt as new directors, effective February 26, 2026.

Maue, currently CFO of Crane Company, will also serve on the Audit Committee and is eligible for an annual base retainer of $90,000, an Audit Committee retainer of $9,000, and an annual equity award of $145,000, with 50% of retainers paid in stock until he meets director stock ownership guidelines. Vaillancourt, President and CEO of Enpro Inc., will serve on the Compensation and Benefits Committee and is eligible for a $90,000 base retainer, a $6,000 committee retainer, and a $145,000 annual equity award on similar terms.

The company states that neither new director was appointed pursuant to any arrangement with another person and that there are no related-party transactions requiring disclosure.

Federal Signal Corporation reports another year of strong growth, with 2025 net sales reaching $2.18 billion, up 17% from 2024, driven by higher volumes, pricing actions, and contributions from acquisitions.

Operating income rose 21% to $340.9 million, and net income increased 14% to $246.6 million, or $4.01 per diluted share. Adjusted EBITDA grew 25% to $438.9 million, lifting adjusted EBITDA margin to 20.1%. Orders hit a record $2.22 billion, supporting a $1.04 billion backlog.

The Environmental Solutions Group remained the main growth engine, posting an 18% sales increase across sewer cleaners, safe-digging trucks, road-marking equipment, refuse trucks, and aftermarket offerings, aided by the acquisitions of Hog, New Way, and Kinloch. Safety and Security Systems sales rose 13% on stronger public safety equipment and warning systems demand.

Operating cash flow improved 10% to $255 million. The company refinanced and upsized its credit facility, invested about $28 million in capital expenditures, completed multiple acquisitions, paid $34.1 million in dividends, and repurchased $39.7 million of common stock, highlighting a focus on both growth and shareholder returns.

Federal Signal Corporation has completed its previously announced acquisition of Mega Corp., a leading manufacturer of specialty vehicles and equipment used in global metal extraction and construction markets. The transaction closed on January 16, 2026, under the terms of an existing Equity Purchase Agreement.

This move brings Mega Corp.’s specialized product lines and market exposure under Federal Signal’s umbrella, potentially expanding its presence in heavy industrial and construction end markets. The company also issued a press release about the closing, which is attached as an exhibit to the report.

Federal Signal Corporation filed a current report to let investors know it has posted new investor presentation materials on its website. These January 2026 slides may be used in discussions with investors and analysts and are included in the report as Exhibit 99.1 under an information-only disclosure item.

The company states that this material is being "furnished" rather than "filed" under securities laws, which means it is not automatically subject to certain legal liabilities and is not incorporated into other SEC filings unless specifically referenced. The report does not itself present financial results, but directs readers to the posted investor materials for more detail.

Federal Signal Corp12/18/2025, she disposed of 1,805 shares of common stock in connection with a bona fide gift to the University of Michigan. After this gift, she held 570,164.8353 shares of common stock directly.

The filing also notes that 2,152.0834 shares were acquired through a dividend reinvestment plan. In addition, units held in the issuer’s 401(k) plan, which are convertible into Federal Signal common stock, were adjusted from 59,887.0215 to 60,000.5812 units based on an issuer price per share of $111.20 on 12/18/2025.