NYSE$FSS

Federal Signal Corporation · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Federal Signal reported growth in net sales, operating income, and adjusted EPS.

Federal Signal reported a record Q4 2024 with a 5% increase in net sales, 11% rise in operating income, and 18% growth in adjusted EPS compared to the prior year.

  • Net sales increased by 5% to $472 million.
  • Operating income rose by 11% to $70.1 million.
  • Adjusted EPS increased by 18% to $0.87.
  • Net income for the quarter was $50 million.

Headline financials

Total Revenue

$472M

Previous: $448M+5.3%
EPS (adj)

$0.87

Previous: $0.74+17.6%
Backlog

$997M

Previous: $1.03B-3.2%
Operating Margin

14.9%

No prior period
Total Orders

$446M

Previous: $465M-4.0%
Adjusted EBITDA

$89.3M

No prior period
Adjusted EBITDA Margin

18.9%

No prior period
Operating Cash Flow

$90M

No prior period
Free Cash Flow

$91M

Previous: $94.5M-3.7%
Net Income

$50M

Previous: $46.4M+7.8%
Operating Income

$70.1M

Previous: $61.5M+14.0%
Gross Profit

$133M

Previous: $116M+14.7%
Cash & Equivalents

$91M

Previous: $61M+49.2%
Total Assets

$1.77B

Previous: $1.62B+8.9%

Revenue & EPS history

Federal Signal · Revenue · Quarterly

$472M

Q4 2024+5.3%vs Q4 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Federal Signal · $472M total across 2 segments · Q4 2024

  • Environmental Solutions
    $396M+6.2%
  • Safety & Security Systems
    $75.9M+0.8%

Forward guidance

Federal Signal expects record performance for 2025, with projected net sales of $2.02 to $2.10 billion and adjusted EPS between $3.60 to $3.90.

Tailwinds

  • Strong demand for dump truck bodies.
  • Increased demand for road-marking products.
  • High visibility into 2026 from current backlog.
  • Double-digit improvement in pre-tax earnings expected.
  • EBITDA margin projected to be in the upper range of target.

Headwinds

  • Recent decline in orders for sewer cleaners.
  • Extended lead times for street sweepers.
  • Inflationary pressures on costs.
  • Supply chain challenges continue.
  • Potential impact from geopolitical uncertainties.

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 Q4 2024

Historical avgQ4 2024

+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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