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Earnings transcript
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FSS
Federal Signal Corporation
$121.53
0.88
(0.73%)
| Exchange: | NYSE |
| Market Cap: | 7.418B |
| Shares Outstanding: | 45M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Agricultural – Machinery | |||||
| CEO: | Jennifer L. Sherman | |||||
| Full Time Employees: | 5800 | |||||
| Address: |
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| Website: | https://www.federalsignal.com |
Federal Signal Corporation, operating through its various subsidiaries, specializes in the development, production, and distribution of an extensive range of products and integrated solutions. The company serves a diverse client base, including municipal, governmental, industrial, and commercial entities across the United States, Canada, Europe, and other global regions. Its operations are structured into two primary divisions: the Environmental Solutions Group and the Safety and Security Systems Group. The Environmental Solutions Group offers a wide spectrum of specialized vehicles and equipment. This includes street cleaning machinery, non-destructive excavation vehicles, sewer cleaning apparatus, heavy-duty industrial vacuum loaders, and trucks designed for vacuum and hydro-excavation. It also provides equipment for road line marking, paint removal, and high-pressure waterblasting, alongside various truck bodies for hauling, trailers, and support machinery used in metal extraction. These products are marketed under numerous prominent brands such as Elgin, Vactor, Guzzler, TRUVAC, Westech, Jetstream, Mark Rite Lines, Ox Bodies, Crysteel, J-Craft, Duraclass, Rugby, Travis, OSW, NTE, WTB, Ground Force, Bucks, and Switch-N-Go. Furthermore, this segment delivers vehicles for waste collection and recycling, advanced camera systems, ice resurfacing equipment, snow-removal solutions, and certain safety and security systems. Beyond product sales, it provides comprehensive after-market services, including parts, maintenance and repair, equipment leasing, and specialized training programs. The Safety and Security Systems Group focuses on delivering systems and products crucial for public alerting, emergency service vehicles, communication interoperability for first responders, and industrial communication needs. Its portfolio features vehicle-mounted lightbars and sirens, industrial signaling devices, public warning infrastructure, general alarm mechanisms, and public address systems. These offerings are available under the Federal Signal, Federal Signal VAMA, and Victor brand names. Federal Signal distributes its products through a variety of channels, including wholesalers, distributors, independent manufacturer representatives, original equipment manufacturers (OEMs), its direct sales teams, and independent international distributors. Established in 1901, Federal Signal Corporation maintains its corporate headquarters in Oak Brook, Illinois.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1,722,700 | 1,861,500 | 2,180,500 |
| Gross Profit | 450,200 | 533,000 | 631,200 |
| EBITDA | 283,100 | 341,700 | 419,100 |
| Operating Income | 224,500 | 281,400 | 356,900 |
| Net Income | 157,400 | 216,300 | 246,600 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 1,620,500 | 1,765,200 | 2,392,600 |
| Total Liabilities | 618,600 | 579,100 | 1,010,600 |
| Total Stockholders Equity | 1,001,900 | 1,186,100 | 1,382,000 |
| Total Debt | 320,700 | 252,400 | 594,600 |
| Cash and Cash Equivalents | 61,000 | 91,100 | 63,700 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 194,400 | 231,300 | 254,700 |
| Capital Expenditure | -30,300 | -40,600 | -27,600 |
| Free Cash Flow | 164,100 | 190,700 | 227,100 |
| Net Income | 157,400 | 216,300 | 246,600 |
| Net Change in Cash | 13,500 | 30,100 | -27,400 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 2,983,580.426 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 3,104,599.995 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 3,032,393.476 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 758,622.803 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 789,393.954 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 771,034.298 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 392,010.231 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 408,060.501 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 399,449.270 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 368,891.851 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 383,854.790 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 374,927.129 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 6.500 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 6.640 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 6.370 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 3 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 2 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance: Federal Signal Corporation reported a 15% year-over-year revenue increase in Q2 2025, as highlighted in the earnings call transcript. This growth is supported by robust net income and operating cash flow trends from income and cash flow statements, reflecting operational efficiency and profitability.
- Healthy Margins and Returns: Key metrics such as gross profit margin TTM and net profit margin TTM indicate strong cost management and profitability compared to industry averages, while a high ROE TTM underscores effective use of shareholder equity.
- Positive Market Performance: Performance data shows consistent gains across short-term (1-week, 1-month) and long-term (1-year, 5-year) periods, suggesting sustained investor confidence and stock stability relative to sector trends.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates FSS intrinsic value between $45.48 – $72.60 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about FSS valuation
Is Federal Signal Corporation (FSS) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Federal Signal Corporation (FSS) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is FSS a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether FSS trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is FSS’s P/E ratio?
You can see FSS’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for FSS?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is FSS a good long-term investment?
Whether FSS fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
FSS
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Daily snapshot
0.73
Trading Metrics:
| Open: | 119.6 | Previous Close: | 120.65 | |
| Day Low: | 119.6 | Day High: | 123.3 | |
| Year Low: | 101.19 | Year High: | 134.51 | |
| Price Avg 50: | 122.13 | Price Avg 200: | 115.01 | |
| Volume: | 288889 | Average Volume: | 502001 |
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Login — it's freeFSS full analysis
Welcome to MARKETSNAP’s SWOT analysis for Federal Signal Corporation, also known by its ticker FSS. If you’re looking to build wealth through smart, long-term investments, you’re in the right place. Today, we’re diving deep into a company that might not be a household name for everyone but plays a critical role in some essential industries. Let’s break down what makes Federal Signal tick, analyze its current standing with a full SWOT framework, and figure out if it’s a potential gem…
