FSS Stock - Federal Signal Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.86B | $1.72B | $1.43B | $1.21B | $1.13B |
| Gross Profit | $533.00M | $450.20M | $344.90M | $288.70M | $293.60M |
| Gross Margin | 28.6% | 26.1% | 24.0% | 23.8% | 26.0% |
| Operating Income | $281.40M | $224.50M | $160.80M | $130.70M | $131.40M |
| Net Income | $216.30M | $157.40M | $120.40M | $100.60M | $96.20M |
| Net Margin | 11.6% | 9.1% | 8.4% | 8.3% | 8.5% |
| EPS | $3.55 | $2.59 | $1.99 | $1.65 | $1.59 |
Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through Environmental Solutions Group, and Safety and Security Systems Group. The Environmental Solutions Group segment offers a range of street sweepers, safe-digging trucks ,sewer cleaners, industrial vacuum loaders, vacuum, and hydro-excavation trucks; road-marking, line-removal and waterblasting equipment, dump truck bodies, trailers, and metal extraction support equipment under the Elgin, Vactor, Guzzler, TRUVAC, Westech, Jetstream, Mark Rite Lines, Ox Bodies, Crysteel, J-Craft, Duraclass, Rugby, Travis, OSW, NTE, WTB, Ground Force, Bucks, and Switch-N-Go brand names. It also offers refuse and recycling collection vehicles, camera systems, ice resurfacing equipment, and snow-removal equipment, as well as safety, and security systems. In addition, this segment engages in the sale of parts, service and repair, equipment rental, and training activities. The Safety and Security Systems Group segment provides systems and products for community alerting, emergency vehicles, first responder interoperable communications, and industrial communications. Its products include vehicle lightbars and sirens, industrial signaling equipment, public warning systems, general alarm systems, and public address systems. This segment sells its products under the Federal Signal, Federal Signal VAMA, and Victor brand names. The company sells its products through wholesaler, distributor, independent manufacturer representative, original equipment manufacturer, and direct sales force, as well as independent foreign distributor. Federal Signal Corporation was founded in 1901 and is headquartered in Oak Brook, Illinois.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| July 11th 2025 | KeyBanc Capital Markets | Downgrade | Sector Weight | - |
| May 12th 2025 | KeyBanc Capital Markets | Upgrade | Overweight | $110 |
| December 24th 2024 | Raymond James | Resumed | Outperform | $110 |
| May 31st 2024 | William Blair | Initiation | Outperform | - |
| July 31st 2023 | DA Davidson | Downgrade | Neutral | $66← $68 |
| February 23rd 2023 | Sidoti | Downgrade | Neutral | $50 |
| November 21st 2022 | KeyBanc Capital Markets | Downgrade | Sector Weight | - |
| October 7th 2022 | DA Davidson | Upgrade | Buy | $46← $39 |
Earnings History & Surprises
FSSEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Feb 25, 2026 | $1.08 | — | — | — |
Q4 2025 | Oct 30, 2025 | $1.07 | $1.14 | +6.5% | ✓ BEAT |
Q3 2025 | Jul 30, 2025 | $1.06 | $1.17 | +10.4% | ✓ BEAT |
Q2 2025 | Apr 30, 2025 | $0.73 | $0.76 | +4.1% | ✓ BEAT |
Q1 2025 | Feb 26, 2025 | $0.87 | $0.87 | 0.0% | = MET |
Q4 2024 | Oct 31, 2024 | $0.84 | $0.88 | +4.8% | ✓ BEAT |
Q3 2024 | Jul 25, 2024 | $0.84 | $0.95 | +13.1% | ✓ BEAT |
Q2 2024 | Apr 30, 2024 | $0.57 | $0.64 | +12.3% | ✓ BEAT |
Q1 2024 | Feb 27, 2024 | $0.66 | $0.74 | +12.1% | ✓ BEAT |
Q4 2023 | Nov 2, 2023 | $0.66 | $0.71 | +7.6% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $0.62 | $0.67 | +8.1% | ✓ BEAT |
Q2 2023 | May 2, 2023 | $0.40 | $0.46 | +15.0% | ✓ BEAT |
Q1 2023 | Mar 1, 2023 | $0.56 | $0.57 | +1.8% | ✓ BEAT |
Q4 2022 | Nov 3, 2022 | $0.53 | $0.53 | 0.0% | = MET |
Q3 2022 | Jul 27, 2022 | $0.47 | $0.53 | +12.8% | ✓ BEAT |
Q2 2022 | May 2, 2022 | $0.27 | $0.34 | +25.9% | ✓ BEAT |
Q1 2022 | Mar 1, 2022 | $0.38 | $0.40 | +5.3% | ✓ BEAT |
Q4 2021 | Nov 9, 2021 | $0.46 | $0.48 | +4.3% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $0.45 | $0.50 | +11.1% | ✓ BEAT |
Latest News
Federal Signal To Acquire Mega Corp. For Cash consideratoin $45.5M
📈 PositiveFederal Signal Raises Prelim FY2025 Adj EPS Guidance from $4.09-$4.17 to $4.12-$4.20 vs $4.02 Est; Raises FY2025 Sales Guidance from $2.100B-$2.140B to $2.120B-$2.160B vs $2.110B Est
📈 PositiveShares of companies in the broader machinery sector are trading higher. Stocks across sectors are rising after NY Fed President Williams indicated he sees room for a further policy adjustment in the near term.
📈 PositiveFederal Signal shares are trading lower. The company reported Q3 financial results.
📉 NegativeFederal Signal Raises FY2025 Adj EPS Guidance from $3.92-$4.10 to $4.09-$4.17 vs $4.02 Est; Raises FY2025 Sales Guidance from $2.070B-$2.130B to $2.100B-$2.140B vs $2.110B Est
📈 PositiveFederal Signal Q3 2025 Adj. EPS $1.14 Beats $1.07 Estimate, Sales $555M Beat $545.190M Estimate
📈 PositiveReported Earlier, Federal Signal To Acquire New Way Trucks For $396M Plus $30M Facilities Payment And Up To $54M Contingent Earn-Out
📈 PositiveFrequently Asked Questions about FSS
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