Federal Signal Corporation
Description
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 two segments, Environmental Solutions Group, and Safety and Security Systems Group. The Environmental Solutions Group segment manufactures and supplies street sweepers, sewer cleaners, industrial vacuum loaders, safe-digging trucks, dump truck bodies, and trailers, as well as waterblasting, road-marking, line-removal, and metal extraction support equipment under the Elgin, Vactor, Guzzler, TRUVAC, WestechTM, Jetstream, Blasters, Mark Rite Lines, Trackless, Ox Bodies, Crysteel, J-Craft, Duraclass, Rugby, Travis, OSW, NTE, WTB, Ground Force, TowHaul, Bucks, and Switch-N-Go brands; and provides refuse and recycling collection vehicles through a dealer network or direct sales to service customers. This segment also engages in the sale of parts, service and repair, equipment rentals, and training. The Safety and Security Systems Group segment provides systems for community alerting, emergency vehicles, first responder interoperable communications, and industrial communications; public safety equipment, such as vehicle lightbars and sirens, industrial signaling equipment, public warning systems, and general alarm/public address systems under the Federal Signal, Federal Signal VAMA, and Victor brands. This segment sells products through wholesalers, distributors, independent manufacturer representatives, original equipment manufacturers, and direct sales force, as well as independent foreign distributors. Federal Signal Corporation was founded in 1901 and is based in Oak Brook, Illinois.
About
CEO
Ms. Jennifer L. Sherman
Employees
4,500
Instrument type
Common Stock
Sector
Industrials
Industry
Pollution & Treatment Controls
MIC code
XNYS
Address
1415 West 22nd Street, Oak Brook, IL 60523, United States
×
![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 29, 2025 | — | — | — | — |
| Jul 23, 2025 | — | — | — | — |
| Apr 28, 2025 | — | — | — | — |
| Feb 25, 2025 | 0.87 | — | — | — |
| Oct 31, 2024 | 0.84 | 0.88 | 0.04 | 4.76% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 6 | — | 8 |
| Average estimate | — | 0.78 | — | 3.74 |
| Low estimate | — | 0.66 | — | 3.54 |
| High estimate | — | 0.86 | — | 3.95 |
| Last year EPS | — | 0.64 | — | 3.35 |
[stock_revenue_estimate]
Growth estimates
Current qtr
17.760%
Next qtr. (Mar 2025)
19.690%
Current year
29.790%
Next year (Dec 2025)
11.690%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.72B | 1.43B | 1.21B | 1.13B | 1.22B |
| Cost of revenue | 1.27B | 1.09B | 924.50M | 837.20M | 898.50M |
| Gross profit | 450.20M | 344.90M | 288.70M | 293.60M | 322.80M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 210.10M | 171.70M | 159.50M | 149.20M | 164.40M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 224.90M | 160.30M | 118.30M | 134.80M | 149.60M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 19.70M | 10.30M | 4.50M | 5.70M | 7.90M |
| Other income expense | -2.20M | 900,000 | 3.80M | -4.50M | -3.10M |
| Pretax income | 203.00M | 150.90M | 117.60M | 124.60M | 138.60M |
| Tax provision | 45.60M | 30.50M | 17.00M | 28.50M | 30.20M |
| Net income | 157.40M | 120.40M | 100.60M | 96.20M | 108.50M |
| Basic EPS | 2.59 | 1.99 | 1.65 | 1.59 | 1.80 |
| Diluted EPS | 2.56 | 1.97 | 1.63 | 1.56 | 1.76 |
| Basic average shares | 60.70M | 60.50M | 60.80M | 60.30M | 60.20M |
| Diluted average shares | 60.70M | 60.50M | 60.80M | 60.30M | 60.20M |
| EBITDA | 283.50M | 215.40M | 170.40M | 178.50M | 190.50M |
| Net income from continuing op. | 157.40M | 120.40M | 100.60M | 96.20M | 108.50M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 1.62B | 1.52B | 1.37B | 1.21B | 1.17B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 61.00M | 47.50M | 40.50M | 81.70M | 31.60M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 186.20M | 173.80M | 136.00M | 127.00M | 134.20M |
| Other receivables | — | — | — | — | — |
| Inventory | 303.40M | 292.70M | 229.10M | 185.00M | 182.90M |
| Prepaid assets | — | — | 25.40M | 11.80M | 12.00M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 19.60M | 17.40M | 25.40M | 11.80M | 12.00M |
| Non current assets | |||||
| Properties | 203.30M | 179.20M | 182.00M | 178.70M | 176.60M |
| Land and improvements | 16.80M | 13.40M | 8.50M | 4.80M | 4.30M |
| Machinery furniture equipment | 221.90M | 204.40M | 202.20M | 175.00M | 159.20M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -220.80M | -201.80M | -195.40M | -179.70M | -159.10M |
| Goodwill | 1.15B | 1.12B | 1.07B | 941.90M | 940.50M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 207.50M | 208.20M | 205.70M | 153.50M | 162.90M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 23.50M | 18.20M | 17.10M | 13.50M | 18.20M |
| Total liabilities | 618.60M | 663.40M | 582.10M | 506.70M | 523.90M |
| Current liabilities | |||||
| Accounts payable | 66.70M | 72.40M | 64.80M | 51.60M | 65.00M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | 11.50M | 8.40M | 9.40M | 8.40M | 8.40M |
| Deferred revenue | 27.10M | 25.40M | 21.90M | 13.30M | 11.50M |
| Tax payable | 42.30M | 31.10M | 29.90M | 30.30M | 31.10M |
| Pensions | — | 31.10M | 29.90M | 30.30M | 31.10M |
| Other current liabilities | 48.20M | 43.20M | 44.40M | 44.80M | 44.20M |
| Non current liabilities | |||||
| Long term debt | 309.20M | 380.00M | 304.30M | 225.30M | 241.90M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 53.20M | 51.00M | 53.20M | 53.70M | 52.70M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 16.20M | 13.00M | 13.80M | 24.50M | 17.30M |
| Shareholders equity | |||||
| Common stock | 70.00M | 69.50M | 68.90M | 67.80M | 66.90M |
| Retained earnings | 915.80M | 782.20M | 683.60M | 605.00M | 528.20M |
| Other shareholders equity | -81.30M | -84.00M | -74.20M | -91.70M | -89.10M |
| Total shareholders equity | 1.00B | 860.90M | 784.00M | 702.10M | 641.60M |
| Additional paid in capital | 291.10M | 271.80M | 256.70M | 240.80M | 228.60M |
| Treasury stock | 193.70M | 178.60M | 151.00M | 119.80M | 93.00M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1986 | 1985 | 1984 | 1983 | 1982 | 1981 | 1980 | 1979 | 1978 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||||||||||||
| Net Income | 157.40M | 120.40M | 100.60M | 96.20M | 108.50M | 94.00M | 61.60M | 43.80M | 63.50M | 63.70M | 160.00M | -27.50M | -14.20M | -175.70M | 19.80M | -95.00M | 54.90M | 22.70M | -4.60M | -2.30M | 37.30M | 38.20M | 47.57M | 58.38M | 57.60M | 59.40M | 59.00M | 62.00M | 51.60M | 46.80M | 39.80M | 34.40M | 31.00M | 28.20M | 23.00M | — | — | — | — | — | — | — | — | — | — |
| Depreciation | 60.40M | 54.70M | 50.40M | 44.80M | 41.50M | 36.40M | 30.00M | 19.10M | 12.30M | 11.50M | 11.00M | 13.20M | 13.00M | 11.40M | 14.70M | 14.90M | 14.10M | 17.90M | 18.20M | 16.20M | 18.40M | 22.20M | 30.26M | 29.06M | 25.80M | 22.00M | 20.60M | 18.40M | 15.90M | 10.30M | 9.20M | 8.70M | 8.20M | 7.80M | 8.10M | — | — | — | — | — | — | — | — | — | — |
| Deferred Taxes | -300,000 | -4.20M | -6.50M | 5.80M | 3.30M | -5.60M | -14.90M | 7.90M | 25.90M | 18.90M | -110.50M | -4.80M | 1.80M | 75.70M | 3.70M | -14.40M | 5.40M | -2.70M | -39.70M | 9.90M | 4.50M | 2.40M | -458,000 | -220,000 | 1.00M | 5.00M | 4.10M | 4.40M | 2.50M | 3.50M | -400,000 | 2.20M | 300,000 | -200,000 | -1.00M | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 13.10M | 10.20M | 7.60M | 8.40M | 8.80M | 7.60M | 4.60M | 4.80M | 6.80M | 6.10M | 4.00M | 2.60M | 1.80M | 2.10M | 3.10M | 2.90M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -4.00M | 400,000 | -3.20M | 100,000 | -1.90M | -700,000 | -1.80M | -5.20M | 800,000 | -5.40M | -4.40M | 52.00M | 27.40M | 103.90M | 900,000 | 133.80M | 7.50M | -1.30M | 100,000 | 11.40M | 11.60M | 2.30M | — | — | -100,000 | -100,000 | -200,000 | 200,000 | -100,000 | 200,000 | -1.80M | -700,000 | -100,000 | 1.60M | 700,000 | — | — | — | — | — | — | — | — | — | — |
| Accounts Receivable | -6.10M | -38.00M | 2.50M | 8.60M | -4.70M | -7.90M | -11.10M | -8.00M | -300,000 | 1.50M | -3.90M | 9.30M | -27.30M | 23.90M | 17.80M | -14.20M | 3.50M | -21.20M | 15.10M | -6.90M | -14.10M | 8.60M | 11.05M | -10.01M | -10.20M | -5.90M | -8.70M | -15.30M | -6.40M | -20.10M | -10.70M | 1.20M | -6.30M | -1.30M | -8.00M | — | — | — | — | — | — | — | — | — | — |
| Accounts Payable | -8.50M | 8.30M | 6.40M | -13.90M | -6.60M | 15.60M | -5.20M | -13.90M | -3.10M | 400,000 | -400,000 | 2.60M | 3.70M | 2.00M | -3.30M | -10.40M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -29.90M | -79.20M | -54.40M | -5.30M | -46.00M | -46.00M | -2.50M | -12.30M | -3.20M | -12.50M | 10.10M | -11.30M | 12.50M | -13.00M | 9.40M | -16.70M | -17.70M | -22.90M | 36.70M | 5.90M | -13.60M | 6.60M | 19.67M | -4.03M | -31.40M | -16.10M | -800,000 | -5.30M | -4.40M | 600,000 | 4.80M | -3.90M | 5.00M | 6.40M | 9.40M | — | — | — | — | — | — | — | — | — | — |
| Operating Cash Flow | 182.10M | 72.60M | 103.40M | 144.70M | 102.90M | 93.40M | 60.70M | 36.20M | 102.70M | 84.20M | 65.90M | 36.10M | 18.70M | 30.30M | 66.10M | 900,000 | 67.70M | -7.50M | 25.80M | 34.20M | 44.10M | 80.30M | 108.09M | 73.18M | 42.70M | 64.30M | 74.00M | 64.40M | 59.10M | 41.30M | 40.90M | 41.90M | 38.10M | 42.50M | 32.20M | — | — | — | — | — | — | — | — | — | — |
| Investing Activities | |||||||||||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -30.30M | -53.00M | -37.40M | -29.70M | -35.40M | -14.10M | -8.00M | -6.10M | -9.60M | -13.20M | -11.50M | -11.20M | -11.60M | -9.50M | -10.40M | 10.00M | -19.50M | -15.70M | -6.50M | -19.40M | -16.80M | -18.80M | -18.42M | -22.29M | -23.40M | -19.20M | -19.60M | -16.90M | -15.70M | -11.10M | -10.10M | -8.80M | -12.00M | -8.30M | -9.20M | — | — | — | — | — | — | — | — | — | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -55.00M | -49.80M | -131.80M | -5.40M | -49.60M | 3.00M | -269.20M | -102.60M | — | — | — | 82.10M | — | -97.30M | -13.50M | — | -147.50M | — | — | — | — | -48.10M | -19.66M | -24.40M | -57.90M | -64.30M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -1.50M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 81.20M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -83.70M | -99.70M | -168.70M | -34.40M | -84.40M | -11.00M | -277.10M | -103.00M | -11.50M | -5.80M | -10.50M | 69.90M | -11.60M | -106.80M | -13.90M | -100,000 | -168.70M | -18.60M | 3.50M | -13.90M | -17.60M | -71.00M | -59.21M | -64.83M | -105.10M | -93.00M | -38.40M | -54.20M | -88.10M | -96.90M | -38.10M | -26.90M | -47.80M | -14.60M | -24.10M | — | — | — | — | — | — | — | — | — | — |
| Financing Activities | |||||||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | — | 75.00M | 215.00M | — | — | 12.50M | 148.80M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -800,000 | — | — | — | — | — | — | -43.40M | -5.80M | -21.60M | -153.60M | -282.30M | -47.80M | -70.80M | -90.20M | -169.50M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -600,000 | -1.80M | -200,000 | — | -11.30M | — | -300,000 | -1.60M | 1.20M | 1.20M | -7.10M | -4.50M | -1.00M | 800,000 | 200,000 | 200,000 | 400,000 | 1.10M | 700,000 | — | 700,000 | 3.30M | 2.29M | 524,000 | 2.20M | 1.00M | 600,000 | 1.00M | 400,000 | 400,000 | 800,000 | 300,000 | 800,000 | 400,000 | 300,000 | — | — | — | — | — | — | — | — | — | — |
| Financing Cash Flow | -101.80M | 35.30M | 22.20M | -54.00M | -26.30M | -82.50M | 189.10M | -37.60M | -34.00M | -53.70M | -65.60M | -254.60M | -79.50M | 119.20M | -101.80M | -37.40M | -11.10M | -22.50M | -17.80M | -19.30M | -37.70M | -37.10M | -46.01M | -51.29M | -35.00M | -40.90M | -38.90M | -30.80M | -25.50M | -27.80M | -16.90M | -18.20M | -16.50M | -16.10M | -8.40M | — | — | — | — | — | — | — | — | — | — |
| Other Cash Details | |||||||||||||||||||||||||||||||||||||||||||||
| End Cash Position | 61.00M | 47.50M | 40.50M | 81.70M | 31.60M | 37.40M | 37.50M | 50.70M | 76.00M | 24.10M | 13.60M | 29.70M | 9.50M | 62.10M | 21.10M | 23.40M | 16.00M | 19.30M | 91.90M | 14.90M | 10.00M | 9.70M | 16.88M | 13.56M | 8.80M | 15.30M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 164.10M | 18.80M | 64.40M | 106.50M | 67.70M | 78.70M | 64.80M | 18.60M | 87.60M | 58.60M | 63.20M | 10.20M | -9.70M | 19.00M | 48.00M | 95.70M | 45.30M | 11.50M | 54.00M | 33.10M | 53.50M | 83.30M | 76.69M | 42.10M | 34.30M | 56.30M | 44.60M | 44.50M | 47.20M | 42.70M | 38.70M | 31.40M | 31.90M | 40.00M | 25.40M | — | — | — | — | — | — | — | — | — | — |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | Nov 30, 2024 | 3,958,502 | 383.42M | 6.48% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,946,794 | 188.57M | 3.19% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 1,681,683 | 162.89M | 2.75% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 1,530,536 | 148.25M | 2.50% |
| Delaware Group Equity Fds V-Small Cap Core Fund | Nov 30, 2024 | 1,214,893 | 117.67M | 1.99% |
| Conestoga Small Cap Fund | Sep 30, 2024 | 992,750 | 96.16M | 1.62% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 918,281 | 88.94M | 1.50% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 844,051 | 81.75M | 1.38% |
| Neuberger & Berman Genesis Fund | Nov 30, 2024 | 837,832 | 81.15M | 1.37% |
| First Trust RBA American Industrial RenaissanceTM ETF | Nov 30, 2024 | 723,475 | 70.08M | 1.18% |
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