Federal Signal (US:FSS)2021-02-26 19:07Financial Performance - Full Year 2020 - Net sales decreased to $1.13 billion from $1.22 billion[9] - Operating income decreased to $131.4 million from $147.1 million[9] - Adjusted EBITDA decreased to $182.2 million from $191.3 million[9] - Adjusted EBITDA margin improved to 16.1% from 15.7%[9] - GAAP EPS decreased to $1.56 from $1.76[9] - Adjusted EPS decreased to $1.67 from $1.79[9] Financial Performance - Q4 2020 - Net sales decreased to $295 million from $314 million[11] - Operating income decreased to $33.8 million from $36.4 million[11] - Adjusted EBITDA decreased to $47.0 million from $48.5 million[11] - Adjusted EBITDA margin improved to 15.9% from 15.4%[11] - GAAP EPS decreased to $0.42 from $0.48[11] - Adjusted EPS decreased to $0.44 from $0.48[11] - Orders increased by $10 million, or 4%, compared to Q3 2020, reaching $276 million[11] - Backlog increased to approximately $330 million by the end of January 2021[11] Segment Performance - Q4 2020 - ESG sales decreased by 6% to $237.6 million from $252.2 million[13] - ESG adjusted EBITDA increased by 1% to $44.2 million from $43.8 million[13] - SSG sales decreased by 8% to $57.2 million from $62.2 million[13] - SSG adjusted EBITDA decreased by 11% to $11.2 million from $12.6 million[13] Financial Position - Cash and cash equivalents of $81.7 million[19] - Debt was reduced by approximately $32 million in Q4, with a total outstanding debt of $210 million[19] - Net debt of approximately $128 million[19] 2021 Outlook - Adjusted EPS is projected to range from $1.73 to $1.85, representing a 4% to 11% increase over 2020[21]