Federal Signal (FSS) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.32%. A quarter ago, it was expected that this company that makes products ranging from street sweepers to toll booth technology for government, industrial and commercial customers would post earnings of $0.84 per s ...

Core Points - Federal Signal Corporation will announce its third quarter earnings on October 31, 2024, before the market opens [1] - An investor conference call and webcast will be held on the same day at 10 a.m. Eastern Time, featuring the CEO and CFO [1] - The company is a leader in environmental and safety solutions, serving various sectors including municipal, governmental, industrial, and commercial [3] Company Overview - Federal Signal Corporation, founded in 1901, is headquartered in Downers Grove, Illinois, and operates globally with manufacturing facilities [3] - The company specializes in designing, manufacturing, and supplying high-quality equipment for moving materials, cleaning infrastructure, and community protection [3] - Federal Signal operates two main groups: Environmental Solutions and Safety and Security Systems [3]

Core Viewpoint - Federal Signal Corporation has completed the acquisition of Standard Equipment Company, enhancing its aftermarket growth strategy and expanding its operational capabilities in the municipal and industrial markets [1][3][4]. Company Overview - Federal Signal Corporation is a leader in environmental and safety solutions, providing high-quality equipment for municipal, governmental, industrial, and commercial customers [6]. - Founded in 1901 and headquartered in Downers Grove, Illinois, the company operates two main groups: Environmental Solutions and Safety and Security Systems [6]. Acquisition Details - The acquisition includes an initial purchase price of $38.8 million, with a potential earn-out payment of up to $4.8 million based on financial performance [4]. - The transaction closed on October 4, 2024, and is expected to be accretive to earnings and cash flow in 2025 [5]. Strategic Implications - The acquisition of Standard Equipment enhances Federal Signal's existing aftermarket platform, allowing for increased scale and capabilities in parts, services, rental, and used equipment operations [4]. - It also enables the company to target new customer segments and expand its geographic footprint, leveraging additional product lines in the long term [4].

Core Viewpoint - Federal Signal is positioned for continued growth and multibagger returns due to its leadership in niche markets and strategic acquisitions [1][3]. Company Overview - Federal Signal manufactures vehicles and equipment for maintenance, infrastructure, and public safety, holding a leading market share in its segments [2][4]. - The company operates through two main segments: Environmental Solutions Group (83% of sales) and Safety and Security Systems Group (17% of sales) [4]. Revenue Sources - 41% of sales come from the cyclical industrial sector, while 51% are generated from publicly funded sources, providing revenue stability [5]. - The aftermarket segment, accounting for 27% of revenue, contributes recurring maintenance revenue and equipment-as-a-service [6]. Growth Drivers - The vacuum trucks segment, which represents 22% of sales, benefits from the adoption of safe digging practices across North America [7]. - Federal Signal has made 11 acquisitions since 2016, expanding into new verticals and enhancing growth potential [8][9]. Acquisition Strategy - The company targets reasonably priced niche-market leaders for acquisitions, exemplified by the purchases of Ground Force Worldwide and TowHaul, which positioned it as a leader in metal-extraction support [9][10]. - The acquisition of Trackless Vehicles for $54 million further diversified its offerings into snow and ice management and vegetation care [10]. Financial Performance - Federal Signal has a return on invested capital (ROIC) of 15%, exceeding its weighted-average cost of capital (WACC) of 10%, indicating effective capital utilization [11]. - The company has achieved a 10% annual sales growth over the past decade, with management targeting low double-digit growth moving forward [12]. Dividend Policy - The company has quadrupled its dividend payments since 2014, currently offering a 0.5% yield with a low payout ratio of 15%, allowing room for further increases and M&A activities [13]. Valuation - Federal Signal's price-to-earnings (P/E) ratio is currently at 26, comparable to the S&P 500 average of 27, suggesting a fair valuation following a recent 14% price dip [14].

Table of Contents (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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 charter) Delaware 36-1063330 (State or other jurisdiction of incorpora ...

OAK BROOK, Ill., June 13, 2024 /PRNewswire/ -- Ernst & Young LLP (EY US) today announced that Jennifer Sherman, President and Chief Executive Officer of Federal Signal Corporation, was named an Entrepreneur Of The Year® 2024 Midwest Award winner. Entrepreneur Of The Year is the preeminent competitive awards program for entrepreneurs and leaders of high-growth companies. "I am honored to be included in this prestigious group of business leaders. This award is a testament to the hard work and dedication of ou ...

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with Federal Signal (FSS) identified as a strong candidate due to its favorable growth metrics and Zacks Rank [1][2]. Group 1: Earnings Growth - Federal Signal's historical EPS growth rate is 8.7%, but projected EPS growth for this year is significantly higher at 19.5%, outperforming the industry average of 5.7% [5]. Group 2: Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 24%, which is substantially above the industry average of -7.7% [6]. - Over the past 3-5 years, Federal Signal's annualized cash flow growth rate has been 11.8%, compared to the industry average of 9.7% [7]. Group 3: Earnings Estimate Revisions - There have been upward revisions in current-year earnings estimates for Federal Signal, with the Zacks Consensus Estimate increasing by 0.4% over the past month [9]. - The positive trend in earnings estimate revisions supports the stock's potential for near-term price movements [8]. Group 4: Overall Assessment - Federal Signal has achieved a Growth Score of B and holds a Zacks Rank 2, indicating it is a solid choice for growth investors [10][11].

-- Approval provides U.S. veterans and other U.S. government agency employees who suffer gait and balance impairment due to multiple sclerosis (MS) access to the only portable neurostimulation therapy with the potential to generate neuroplasticity -- NEWTOWN, Pa., May 20, 2024 (GLOBE NEWSWIRE) -- Helius Medical Technologies, Inc. (Nasdaq:HSDT) ("Helius" or the "Company"), a neurotech company focused on delivering a novel therapeutic neuromodulation approach for balance and gait deficits, today announced the ...

OAK BROOK, Ill., May 16, 2024 /PRNewswire/ -- Federal Signal Corporation (NYSE: FSS) (the "Company"), a leader in environmental and safety solutions, announced today that Jennifer L. Sherman, president and chief executive officer, Ian A. Hudson, senior vice president and chief financial officer, and Felix M. Boeschen, vice president, corporate strategy and investor relations, will participate in the KeyBanc Capital Markets 2024 Industrials and Basic Materials Conference in Boston, Massachusetts, on Thursday ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the trad ...