Federal Signal approves $150M additional stock repurchase program

The Company announced that its Board has authorized an additional stock repurchase program of up to $150M of the Company’s common stock. The repurchase program supplements the Board’s prior authorization from March 2020, which had approximately $27M of availability remaining as of the end of the Q1. The newly-authorized program is intended primarily to facilitate purchases of Company stock as a means to provide cash returns to stockholders, enhance stockholder returns, and manage the Company’s capital structure.