Federal Signal Corporation Q4 2025 Earnings Call Summary

Record 2025 performance was driven by a combination of higher production throughput, continued price realization, and meaningful contributions from recent acquisitions. Management attributes the 110 basis point expansion in consolidated adjusted EBITDA margins to proactive price-cost management and improved manufacturing efficiencies. The company is executing a 'build-more-parts' initiative to vertically integrate certain parts production, aiming to drive increased recurring parts revenue streams and ...