NYSE$FSS

Federal Signal Corporation · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Federal Signal reported Q2 2025 revenue of $564.6M, net income of $71.4M, diluted EPS of $1.16.

For Q2 2025, Federal Signal reported Revenue was $564.6M, net income was $71.4M, diluted EPS was $1.16. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $564.6M for Q2 2025.
  • Net income $71.4M.
  • Diluted EPS $1.16.

Headline financials

Total Revenue

$565M

Previous: $490M+15.1%
EPS (adj)

$1.16

Previous: $0.99+17.2%
Backlog

$1.08B

No prior period
Operating Margin

17.3%

No prior period
Total Orders

$540M

No prior period
Adjusted EBITDA

$118M

No prior period
Adjusted EBITDA Margin

20.9%

No prior period
Operating Cash Flow

$60M

No prior period
Capital Expenditures

-$12.9M

Previous: -$24.2M+46.7%
Free Cash Flow

$58.5M

Previous: $36.6M+59.8%
Net Income

$71.4M

Previous: $60.8M+17.4%
Operating Income

$97.7M

Previous: $81.1M+20.5%
Gross Profit

$170M

Previous: $144M+17.8%
Cash & Equivalents

$64.7M

Previous: $48.6M+33.1%
Total Assets

$1.92B

Previous: $1.69B+13.3%

Revenue & EPS history

Federal Signal · Revenue · Quarterly

$565M

Q2 2025+15.1%vs Q2 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Federal Signal · $597M total across 2 segments · Q4 2025

  • Environmental Solutions
    $504M+27.3%
  • Safety & Security Systems
    $93M+22.5%

Forward guidance

Industrial and transport outlook reflects volumes, pricing, and capital discipline.

Tailwinds

  • Pricing on core routes and services.
  • Cross-border and infrastructure demand.

Headwinds

  • Fuel, labor, and macro volume risk.
  • Integration costs from acquisitions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+1.2%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+2.9%

Avg return

30 days after

58%

38 / 65 earnings

Positive

+20.7%

Q4 2011

Best reaction

-24.9%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+8.7%+5.1%-4.7%
Q4 2025+1.9%+2.2%-9.0%
Q3 2025-10.5%-12.4%-12.1%
Q2 2025+17.8%+18.8%+17.3%
Q1 2025+7.6%+15.5%+24.3%
Q4 2024-11.9%-11.7%-17.2%
Q3 2024-3.5%-0.2%+14.9%
Q2 2024+5.0%+4.5%-0.6%
Q1 2024-5.7%-3.7%+2.4%
Q4 2023+0.2%-1.6%+3.4%
Q3 2023+11.2%+10.5%+21.1%
Q2 2023-0.9%-0.1%-5.6%
Q1 2023+3.4%+1.7%+5.5%
Q4 2022+6.9%+4.7%+2.7%
Q3 2022-0.1%+2.7%+6.6%
Q2 2022+7.4%+10.4%+8.3%
Q1 2022+1.8%-0.6%+4.5%
Q4 2021-4.2%-3.5%-6.5%
Q3 2021+2.6%+4.5%-4.7%
Q2 2021+1.7%-0.2%+4.1%
Q1 2021+0.4%+3.3%+2.3%
Q4 2020-4.5%-1.3%+1.7%
Q3 2020-1.3%+2.4%+10.4%
Q2 2020+5.6%+6.1%+9.9%
Q1 2020-8.6%-9.1%-1.1%
Q4 2019-5.8%-0.5%-13.4%
Q3 2019-3.8%-4.1%-3.1%
Q2 2019+8.1%+1.7%+2.9%
Q1 2019-3.6%-6.7%-16.2%
Q4 2018+7.0%+8.4%+13.3%
Q3 2018+8.0%+1.0%-2.5%
Q2 2018+7.4%+5.7%+11.2%
Q1 2018+5.7%+4.5%+9.2%
Q4 2017+7.8%+11.9%+12.3%
Q3 2017+4.7%+0.5%-0.6%
Q2 2017+0.2%-1.2%-1.2%
Q1 2017+8.4%+10.1%+11.0%
Q4 2016+0.2%-2.0%-10.6%
Q3 2016-0.3%+0.2%+30.5%
Q2 2016-5.5%-8.6%-5.8%
Q1 2016-8.1%
Q4 2015-24.9%
Q3 2015+7.6%
Q2 2015+5.8%
Q1 2015-7.8%
Q4 2014-5.8%
Q3 2014+11.5%
Q2 2014+6.8%
Q1 2014-4.2%
Q4 2013+11.1%
Q3 2013+4.0%
Q2 2013+9.8%
Q1 2013-1.5%
Q4 2012-3.2%
Q3 2012+3.3%
Q2 2012+9.9%
Q1 2012+6.1%
Q4 2011+20.7%
Q3 2011-10.4%
Q2 2011-5.8%
Q1 2011-1.5%
Q4 2010+3.8%
Q3 2010+13.9%
Q2 2010-12.5%
Q1 2010-21.1%

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