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Federal Signal Corp. (FSS)
NYSE:FSS
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.87Last Year’s EPS
$0.74Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 8.42%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial and operational performance with significant growth in key metrics like net sales, operating income, and adjusted EBITDA. The ESG and SSG segments both showed improved margins and sales, and the company increased its guidance for the year. However, there were challenges in the safe digging segment and an increase in corporate operating expenses. Overall, the positive aspects outweigh the negatives, suggesting a robust business outlook.Company Guidance
During the third quarter earnings call for Federal Signal Corporation (FSS), guidance for 2024 reflected strong financial performance and positive projections. The company reported a 6% year-over-year organic net sales growth, with consolidated net sales reaching $474 million, and operating income increasing by 21% to $75.9 million. Adjusted EBITDA grew by 18% to $93 million, translating to a 19.6% margin, up 200 basis points from last year. The Environmental Solutions Group (ESG) saw a 7% rise in net sales, with adjusted EBITDA up 21%, achieving a margin of 21.9%. The Safety and Security Systems Group (SSG) reported a 4% increase in net sales and a 22% rise in adjusted EBITDA, with a margin improvement of 350 basis points to 23.4%. Federal Signal also raised its full-year adjusted EPS outlook to $3.30 to $3.40 and narrowed its net sales forecast to $1.86 billion to $1.88 billion, reflecting robust demand and a strong backlog of $1.03 billion. The company emphasized its commitment to growth through strategic acquisitions and organic initiatives, supported by a strong cash flow and low net debt leverage.Strong Financial Performance
Consolidated net sales for the quarter were $474 million, an increase of $28 million or 6% compared to last year. Operating income was $75.9 million, up 21%, and adjusted EBITDA was $93 million, up 18%. GAAP diluted EPS was $0.87, up 23% from last year.
Environmental Solutions Group (ESG) Growth
ESG net sales were $398 million, an increase of 7% compared to last year. ESG's adjusted EBITDA margin expanded by 260 basis points year-over-year to 21.9%, a new quarterly record.
Safety and Security Systems Group (SSG) Performance
SSG's net sales increased by 4% year-over-year, with operating income up 23% and adjusted EBITDA margin improving by 350 basis points to 23.4%.
Strong Cash Flow and Debt Reduction
Generated $69 million of cash from operations, an increase of $21 million from last year. Paid down approximately $25 million of debt, ending the quarter with $158 million of net debt.
Strong Order Intake and Backlog
Order intake for the quarter was $426 million, contributing to a backlog of $1.03 billion, up 3% compared to Q3 last year.
Increased Guidance for 2024
Raised full year adjusted EPS outlook to a range of $3.30 to $3.40 and narrowed net sales outlook to $1.86 billion to $1.88 billion.
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FSS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FSS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $84.67 | $81.46 | -3.79% |
| Jul 25, 2024 | $94.29 | $96.13 | +1.95% |
| Apr 30, 2024 | $84.84 | $80.98 | -4.55% |
| Feb 27, 2024 | $81.66 | $83.78 | +2.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Federal Signal Corp. (FSS) report earnings?
Federal Signal Corp. (FSS) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Federal Signal Corp. (FSS) earnings time?
Federal Signal Corp. (FSS) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FSS EPS forecast?
FSS EPS forecast for the fiscal quarter 2024 (Q4) is $0.87.
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