Federal Signal
Makes infrastructure-maintenance vehicles and warning systems for municipal and industrial customers.
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Profile
Manufactures infrastructure-maintenance vehicles and equipment, from street sweepers and sewer cleaners to refuse trucks and road-marking systems, while also supplying emergency-vehicle, public-warning, and industrial signaling products. Equipment sales are supported by parts, repair, rentals, and training, with municipal and industrial demand concentrated in the United States.
Builds specialty vehicles and equipment for infrastructure maintenance through Environmental Solutions, including street sweepers, sewer cleaners, vacuum and hydro-excavation trucks, refuse vehicles, waterblasting and road-marking systems, dump bodies, and metal-extraction support equipment. Aftermarket parts, repair, rentals, and training extend the installed fleet through a North American service network.
Supplies emergency-vehicle lightbars and sirens, public-warning and interoperable-communications systems, and industrial signaling through Safety and Security Systems. Specialized brands, dealer relationships, direct sales, and service centers connect the portfolio to municipal, governmental, industrial, utility, and commercial customers; most sales remain U.S.-based, while products reach customers worldwide. Government procurement cycles, customer-provided chassis, component availability, and the integration of acquired businesses shape delivery and execution.
Company facts
Categories
Key statistics
Year to date +6.0% · Average volume (30d) 393.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | Citigroup | Initiate | Buy | |||
| Apr 30, 2026 | KeyBanc | Target | $130 | $140 | ||
| Mar 10, 2026 | Keybanc | Upgrade | Sector Weight | Overweight | $48 | $130 |
| Feb 26, 2026 | CJS Securities | Upgrade | Market Perform | Market Outperform | ||
| Jul 31, 2025 | CJS Securities | Downgrade | Outperform | Market Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $1.29 | $1.42 | +10.1% | $667.0M | $670.2M | +0.5% | +11.34% |
| Apr 29, 2026Q1 FY26 | $0.88 | $1.18 | +33.5% | $579.9M | $625.6M | +7.9% | +1.36% |
| Feb 25, 2026Q4 FY25 | $1.08 | $1.16 | +7.4% | $545.5M | $597.1M | +9.5% | −1.50% |
| Oct 30, 2025Q3 FY25 | $1.07 | $1.14 | +6.5% | $551.4M | $555.0M | +0.7% | +1.95% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $463.8M | $564.6M | $555.0M | $597.1M | $625.6M | $670.2M | |
| Gross profit | $130.8M | $169.6M | $161.5M | $169.3M | $179.4M | $203.8M | |
| Operating income | $66.3M | $98.2M | $95.6M | $96.8M | $100.9M | $118.9M | |
| Net income | $46.3M | $71.4M | $68.1M | $60.8M | $70.4M | $86.1M | |
| Diluted EPS | $0.75 | $1.16 | $1.11 | $0.99 | $1.14 | $1.40 | |
| Gross margin | 28.2% | 30.0% | 29.1% | 28.4% | 28.7% | 30.4% | |
| Operating margin | 14.3% | 17.4% | 17.2% | 16.2% | 16.1% | 17.7% |
Fiscal years (4-quarter sums)FY21 $1.21B · FY22 $1.43B · FY23 $1.72B · FY24 $1.86B · FY25 $2.18B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $62.8M · Total debt $485.8M · Total assets $2.44B · Shareholders' equity $1.51B
Dividends
Raised for 11 straight years — most recently to $0.15 from $0.14 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Aug 27 | $0.15 | |
| May 15, 2026 | May 15 | May 29 | $0.15 | |
| Mar 13, 2026 | Mar 13 | Mar 26 | $0.15 | raised from $0.14 |
| Nov 14, 2025 | Nov 14 | Dec 2 | $0.14 | |
| Aug 15, 2025 | Aug 15 | Aug 28 | $0.14 | |
| May 16, 2025 | May 16 | May 30 | $0.14 | |
| Mar 14, 2025 | Mar 14 | Mar 27 | $0.14 | raised from $0.12 |
| Nov 15, 2024 | Nov 15 | Dec 2 | $0.12 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 61.04M · Float 59.50M · 97.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 9.62M | 15.76% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 3.50M | 5.73% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 2.65M | 4.34% | 13F | Aug 13, 2026 |
| State Street Corp | 2.45M | 4.01% | 13F | Aug 7, 2026 |
| Capital World Investors | 2.24M | 3.68% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | Brenda Reichelderfer | director | −6,070 | $131.02 |
| Aug 3, 2026 | Diane Bonina | officer: VP, Gen'l Counsel & Secretary | −4,408 | $128.75 |
| Aug 4, 2026 | Diane Bonina | officer: VP, Gen'l Counsel & Secretary | −14,756 | $130.44 |
| Mar 10, 2026 | Richard A. Maue | director | +2,000 | $110.77 |
| Nov 6, 2025 | Mark Weber | officer: SVP & COO | −51,187 | $111.56 |
Peers
- Oshkosh
Refuse and emergency vehicle overlap with McNeilus and Pierce
- Alamo Group
Municipal sweepers, vacuum trucks, snow equipment, and parts
- Aebi-Schmidt
Specialty vehicles and infrastructure maintenance after Shyft merger
- Terex
Current traded home for REV fire, ambulance, and waste vehicles
- Eaton
Industrial alarms, strobes, horns, notification, and PA overlap
- Motorola Solutions
Public safety communications and mass-notification software overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Federal Signal | $118.13 | +0.04% | $7.21B | 25.5 | 21.8 | 2.9 | +18.7% |
| Oshkosh | $153.96 | −0.05% | $9.51B | 17.6 | 11.8 | 0.9 | +6.7% |
| Alamo Group | $165.27 | +0.02% | $2.01B | 19.8 | 14.8 | 1.2 | +7.6% |
| Aebi-Schmidt | $12.35 | 0.00% | $957.2M | 38.9 | 12.1 | 0.5 | +124.9% |
| Terex | $63.73 | −0.02% | $7.28B | 32.4 | 11.7 | 1.1 | +50.5% |
| Eaton | $403.75 | +0.23% | $156.40B | 41.0 | 26.9 | 5.2 | +21.4% |
| Motorola Solutions | $461.92 | −4.94% | $80.67B | 38.3 | 26.8 | 6.6 | +13.3% |
| Median | 35.3 | 13.4 | 1.2 | +17.4% |