DOWNERS GROVE, Ill., April 24, 2025 /PRNewswire/ -- Federal Signal Corporation (NYSE:FSS) (the "Company") today announced that Brenda L. Reichelderfer succeeded Dennis J. Martin as Chair of the Company's Board of Directors (the "Board") effective April 22, 2025. Mr. Martin has been a member of the Board since March 2008, serving as Chair of the Board since January 2017. Mr. Martin previously served as Executive Chair from January 2016 to January 2017 and as the Company's President and Chief Executive Office ...

DOWNERS GROVE, Ill., April 22, 2025 /PRNewswire/ -- Federal Signal Corporation (NYSE: FSS) (the "Company") today announced that its Board of Directors ("Board") declared a quarterly cash dividend of fourteen cents ($0.14) per share on its common stock. The dividend is payable on May 30, 2025 to stockholders of record at the close of business on May 16, 2025. The Company also announced today that its Board has authorized an additional stock repurchase program of up to $150 million of the Company's common sto ...

Core Viewpoint - Federal Signal Corporation will announce its first quarter earnings on April 30, 2025, and will host an investor conference call and webcast on the same day [1]. Group 1: Earnings Announcement - The earnings announcement is scheduled before the market opens on April 30, 2025 [1]. - The investor conference call will take place at 10 a.m. Eastern Time on the same day [1]. Group 2: Access Information - Investors and analysts can access the webcast through the company's website [2]. - The teleconference can be accessed by calling 1-877-704-4453 with a conference ID of 13753307 [2]. - An archived replay of the investor conference call will be available shortly after the call concludes [2]. Group 3: Company Overview - Federal Signal Corporation is a leader in environmental and safety solutions, founded in 1901 [3]. - The company designs, manufactures, and supplies products for municipal, governmental, industrial, and commercial customers [3]. - Federal Signal operates two groups: Environmental Solutions and Safety and Security Systems [3].

Core Viewpoint - Federal Signal (FSS) is a niche-leading specialty vehicle and public safety equipment manufacturer that has shown significant long-term performance, rising 1,460% since 2010, and is positioned for continued growth due to its market dominance and strategic acquisitions [2]. Group 1: Industry Dominance - Federal Signal operates through two main segments: Environmental Solutions Group (ESG) and Safety and Security Systems Group (SSG), contributing 83% and 17% of total revenue respectively [3]. - The ESG segment includes products such as vacuum trucks, street sweepers, and industrial cleaning equipment, while the SSG segment focuses on public safety equipment and warning systems [4]. - The company holds a top market share in its niches and benefits from diversification across various industries, which enhances its resilience [5][7]. Group 2: Acquisition Strategy - Federal Signal has successfully executed 13 acquisitions since 2016, enhancing its market position and entering new verticals [8]. - The acquisition of HOG Technologies for $92.5 million exemplifies this strategy, allowing the company to expand its road marking operations and enter the airport market [9][10]. - The company has maintained an average return on invested capital (ROIC) of 12% over the past decade, indicating effective management of its M&A activities [11]. Group 3: Financial Performance - Federal Signal's EBITDA margins have improved over time due to strategic acquisitions that enhance profitability [12]. - The company has seen significant growth in EBITDA and free cash flow compared to sales since 2010, providing ample funding for future acquisitions [13][14]. - Despite prioritizing M&A spending, Federal Signal raised its dividend by 17% this year following a 29% increase in adjusted earnings per share (EPS) [14][15]. Group 4: Valuation - Federal Signal has achieved sales and EPS growth of 9% and 13% over the last decade, yet trades at a price-to-earnings ratio of 23, below the S&P 500 average of 29 [16].

Financial Data and Key Metrics Changes - For the full year 2024, net sales reached approximately $1.86 billion, an increase of $139 million or 8% compared to last year [8] - Operating income for the year was $281.4 million, up $56.9 million or 25% from last year [9] - Adjusted EBITDA for the year was $350.6 million, up $64.6 million or 23% compared to last year, translating to a margin of 18.8%, up 220 basis points from last year [9] - GAAP diluted EPS for the year was $3.50 per share, up $0.94 per share or 37% from last year [9] - Consolidated net sales for Q4 were $472 million, an increase of $24 million or 5% compared to last year [10] - Consolidated operating income for Q4 was $70.1 million, up $7 million or 11% compared to last year [10] - Consolidated adjusted EBITDA for Q4 was $89.3 million, up $11.8 million or 15% compared to last year [10] - GAAP diluted EPS for Q4 was $0.81 per share, up $0.06 per share or 8% from last year [11] Business Line Data and Key Metrics Changes - Environmental Solutions Group (ESG) sales were $396 million in Q4, an increase of $23 million or 6% compared to last year [11] - ESG's adjusted EBITDA for Q4 was $82.9 million, up $9.6 million or 13% compared to last year, with an adjusted EBITDA margin of 20.9% [12] - Safety and Security Systems Group (SSG) delivered $76 million in sales for Q4, up $1 million or 1% compared to last year [12] - SSG's adjusted EBITDA for Q4 was $16.4 million, up $400,000 or 2% from last year, with an adjusted EBITDA margin of 21.6% [12] Market Data and Key Metrics Changes - Orders in Q4 were $446 million compared to $465 million in Q4 last year, reflecting a decrease primarily due to lower orders from long lead time items [11][28] - Excluding street sweepers and sewer cleaners, total fourth-quarter orders increased by approximately 13% year-over-year [29] - Demand for aftermarket products and services remained strong, with revenues growing 2% year-over-year [24] Company Strategy and Development Direction - The company is focused on raising build rates for extended lead time products, particularly sewer cleaners and street sweepers [22] - The recent acquisition of HOG Technologies is expected to enhance the company's road marking and water blasting businesses, providing access to underpenetrated markets [30][31] - The company aims to capitalize on healthy end-market demand and is committed to operational excellence and customer service to unlock future growth opportunities [40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver another record year in 2025, anticipating net sales between $2.02 billion and $2.1 billion [46] - The company expects adjusted EPS for 2025 to be between $3.60 and $3.90 per share, representing double-digit growth [46] - Management noted that while there may be minor disruptions due to the transition of dealer territories, long-term benefits are expected [112] Other Important Information - The company ended the year with $133 million of net debt and has significant flexibility to invest in growth initiatives and return cash to shareholders [19] - A dividend increase of 17% to $0.14 per share was announced for the first quarter of 2025 [20] Q&A Session Summary Question: Health of big cities and exposure to municipal spending - Management highlighted the essential nature of their equipment and the strength in police orders, indicating a diversified revenue stream that positions the company well for 2025 [54][57] Question: Pricing strategies and tariffs - Management confirmed that they have locked in raw material costs for most of the year and can pass on tariff-related costs to customers if necessary [58][60] Question: Rental fleet growth and HOG acquisition - Management indicated that rental fleet growth was not significant in Q4, and HOG does not have a rental business but has a strong aftermarket segment [66][70] Question: Lead times for popular products - Management reported improvements in lead times for sewer cleaners but acknowledged challenges with street sweepers, with lead times extending into 2026 [76][77] Question: Organic growth headwinds for 2025 - Management expects minor issues in Q1 due to territory transitions but is confident in long-term growth opportunities [112] Question: Margins for each segment in 2025 - Management indicated potential for margin improvement across both segments, expecting overall year-over-year improvement in EBITDA margin [118]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6003 FEDERAL SIGNAL CORPORATION (Exact name of registrant as specified in its cha ...

Core Viewpoint - Federal Signal (FSS) reported quarterly earnings of $0.87 per share, exceeding the Zacks Consensus Estimate of $0.86 per share, and showing an increase from $0.74 per share a year ago [1] Financial Performance - The company achieved an earnings surprise of 1.16% for the quarter, and previously, it had a surprise of 7.32% when it reported earnings of $0.88 per share against an expectation of $0.82 per share [2] - Federal Signal's revenues for the quarter were $472 million, which fell short of the Zacks Consensus Estimate by 1.13%, compared to $448.4 million in the same quarter last year [3] Stock Performance and Outlook - Federal Signal shares have declined approximately 1.8% since the beginning of the year, while the S&P 500 has gained 1.3% [4] - The company's earnings outlook is mixed, with current consensus EPS estimates of $0.77 for the upcoming quarter and $3.76 for the current fiscal year, with revenues expected to be $456.63 million and $2.01 billion respectively [8] Industry Context - The Diversified Operations industry, to which Federal Signal belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, indicating potential challenges ahead [9]

Federal Signal Q4 2024 Earnings Call February 26, 2025 Jennifer Sherman, President & Chief Executive Officer Ian Hudson, SVP, Chief Financial Officer Felix Boeschen, VP, Corporate Strategy & Investor Relations Safe Harbor This presentation contains unaudited financial information and various forward-looking statements as of the date hereof and we undertake no obligation to update these forward- looking statements regardless of new developments or otherwise. Statements in this presentation that are not histo ...

Core Viewpoint - Federal Signal Corporation has declared a quarterly cash dividend of $0.14 per share, marking a 17% increase from the previous quarter's dividend [1]. Company Overview - Federal Signal Corporation, founded in 1901, is a leading global designer, manufacturer, and supplier of equipment that serves municipal, governmental, industrial, and commercial customers [2]. - The company operates two main groups: Environmental Solutions and Safety and Security Systems, and is headquartered in Downers Grove, Illinois, with manufacturing facilities worldwide [2].

Core Viewpoint - Federal Signal (FSS) is a strong candidate for investors looking for stocks that consistently beat earnings estimates and may continue this trend in the upcoming quarterly report [1] Company Performance - Federal Signal has a history of surpassing earnings estimates, averaging a 10.21% beat over the last two quarters [2] - In the most recent quarter, the company reported earnings of $0.88 per share against an expectation of $0.82, resulting in a surprise of 7.32% [3] - For the previous quarter, Federal Signal's earnings were $0.95 per share compared to an estimate of $0.84, leading to a surprise of 13.10% [3] Earnings Estimates - There has been a favorable change in earnings estimates for Federal Signal, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [4] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5] Earnings ESP Details - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6] - Federal Signal currently has an Earnings ESP of +0.69%, suggesting increased analyst optimism regarding its near-term earnings potential [7] Upcoming Earnings Report - The next earnings report for Federal Signal is expected to be released on February 26, 2025 [7]