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.
Federal Signal Corporation entered into an Equity Purchase Agreement on December 17, 2025 to acquire all of the outstanding equity interests of Mega Corp., a leading manufacturer of specialty vehicles and equipment used in global metal extraction and construction markets.
The parties are targeting a closing date in the first quarter of 2026, subject to customary closing conditions, so the transaction is not yet complete. A related press release dated December 18, 2025 is furnished as Exhibit 99.1, providing additional details on the planned acquisition.
Federal Signal Corporation completed the acquisition of Scranton Manufacturing Company LLC, doing business as New Way, under a previously announced Equity Purchase Agreement. The company bought all of New Way’s outstanding equity interests for an initial purchase price of $396 million, subject to closing and post-closing adjustments. It also paid an additional $30 million for New Way’s manufacturing facilities and related real estate rights in Iowa and Mississippi. The transaction is documented in the Equity Purchase Agreement dated September 24, 2025, and the company has also released a press announcement describing the closing of the deal.
Federal Signal (FSS) disclosed an insider transaction by director John L. Workman. On 11/10/2025, he disposed of 2,500 shares of common stock under transaction code G, which indicates a bona fide gift at a reported price of $0.
Following the transaction, Workman beneficially owns 57,457 shares, held directly.
Federal Signal (FSS) reported insider activity. On 11/06/2025, SVP & COO Mark Weber exercised multiple stock options and sold shares the same day. Exercises included 2,546 shares at $27.8, 15,682 shares at $42.86, 19,780 shares at $35.8, 11,470 shares at $51.81, and 1,709 shares at $82.31.
Subsequent open‑market sales were reported at weighted average prices including $112.5457, $112.5001, $111.7011, $111.6109, $112.34, $111.0531, and $110.745, with detailed trade ranges available upon request as noted. Following these transactions, the reporting person held 73,874 shares of common stock directly.
Federal Signal (FSS) director Brenda Reichelderfer reported gifts of company stock. On 11/04/2025, she gifted 880 shares. On 11/05/2025, she recorded two additional gifts of 88 shares and 880 shares. All transactions were coded “G” and priced at $0, indicating bona fide gifts. Following these transactions, she directly beneficially owns 58,149 shares.