Federal Signal (FSS) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 05, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.89

Last Year’s EPS

0.76

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 4 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 25, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call highlighted broad-based, record-setting financial performance across revenue, EBITDA, EPS, orders, and cash generation, driven by strong organic growth, segment execution (ESG and SSG), and strategic M&A (New Way and MEGA). Management provided constructive 2026 guidance and emphasized balance-sheet flexibility. Near-term headwinds are mostly related to acquisition and integration costs, acquired backlog that inflates short-term orders, amortization and tax normalization, and the mechanical transition away from third-party refuse sales (an $80M backlog unwind). On balance, the positives — including robust top-line and margin expansion, strong cash flow, and clear synergy targets — materially outweigh the manageable near-term challenges.

Company Guidance

For 2026 the company guided full‑year net sales of $2.55–$2.65 billion and adjusted EPS of $4.50–$4.80 (midpoint would be a record adjusted EPS), implying roughly 17–22% revenue growth year‑over‑year with about 5–9% organic contribution and the remainder from acquisitions (notably New Way and MEGA); management expects an approximate 25% tax rate (excluding discrete benefits), CapEx of $45–$55 million (about half growth‑focused, half maintenance), Q1 sales and earnings to be seasonally lower, New Way to be roughly adjusted‑EPS neutral in 2026 with $15–$20 million of targeted synergies by 2028 (≈50/50 cost vs. revenue), MEGA to be modestly accretive to cash flow and EPS in 2026, the remaining $80 million of third‑party refuse backlog to be delivered over the next four quarters, an aggregate $0.16/share headwind from higher acquisition‑related amortization and tax normalization, and continued emphasis on a long‑term target of low double‑digit top‑line growth split roughly evenly between inorganic and organic while maintaining financial flexibility (net debt $501 million, $925 million available under the new five‑year credit facility) and a cash conversion target of ~100% (103% in 2025).

Record Full-Year Financial Performance (2025)

Net sales of $2,180,000,000, a company record, up $319,000,000 or 17% year-over-year; organic net sales growth of $205,000,000 or 11%. Operating income $340,900,000, up $59,500,000 or 21%. Net income $246,600,000, up $30,300,000 or 14%. Adjusted EBITDA $438,900,000, up $88,300,000 or 25%, with margin of 20.1% (up 130 basis points). GAAP diluted EPS $4.10 (up 15%); adjusted EPS $4.23 (up 27%). Orders for the year $2,220,000,000, up 20%; year-end backlog $1,040,000,000, up 5%.

Record Fourth Quarter Results (Q4 2025)

Consolidated Q4 net sales $597,000,000, up 27% (organic Q4 growth $85,000,000 or 18%). Q4 operating income $83,500,000, up 19%; net income $60,800,000, up 22%. Adjusted EBITDA $119,400,000, up 34% with a 20% margin (up 110 bps). GAAP diluted EPS $0.99 (up 22%); adjusted EPS $1.10 (up 36%). Orders for Q4 $647,000,000, up $201,000,000 or 45% (including $132,000,000 acquired backlog).

Strong Segment Performance — ESG and SSG

Environmental Solutions Group (ESG): Q4 net sales $504,000,000 up 27%; adjusted EBITDA $109,000,000 up 31%, margin 21.6% (up 70 bps); Q4 orders $566,000,000 up 55%. Safety & Security Systems Group (SSG): Q4 sales $93,000,000 up 23%; adjusted EBITDA $23,400,000 up 43%, margin 25.2% (up 360 bps); SSG orders roughly flat at ~$82,000,000.

Cash Generation and Improved Cash Conversion

Generated $97,000,000 cash from operations in Q4 (up 7% year-over-year) and $255,000,000 for the full year (up 10%). Full-year cash conversion 103%, slightly ahead of the 100% target. Ended Q4 with net debt of $501,000,000 and $925,000,000 availability under the new credit facility, providing financial flexibility.

Strategic M&A Adds Capabilities

Completed acquisition of New Way (initial payment ~ $413,000,000) and MEGA (~ $45,000,000). MEGA LTM net sales ~ $40,000,000 and expected to be modestly accretive to cash flow and EPS in 2026. Management expects New Way to be adjusted EPS neutral in 2026 and to deliver targeted $15,000,000–$20,000,000 annual synergies by 2028 (roughly half cost, half revenue).

Confident 2026 Outlook

Full-year 2026 guidance: net sales $2,550,000,000 to $2,650,000,000 and adjusted EPS $4.50 to $4.80. Management expects midpoint to represent another year of double-digit growth and the highest adjusted EPS in company history. CapEx guidance $45,000,000 to $55,000,000.

Operational Progress & Aftermarket Strength

Increased production throughput (unit production up vs. 2024 and up 13% for full year), progress on reducing lead times for sewer cleaners and four-wheel sweepers, and aftermarket revenue up 20% in the quarter driven by parts, service, and rental income. Investments in vertical integration (in-house parts) and a fourth PCB line to support new product development and efficiency in 2026.

Federal Signal (FSS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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FSS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 05, 2026	2026 (Q1)	0.89 / -	0.76	―	―	―
Feb 25, 2026	2025 (Q4)	1.07 / 1.16	0.87	33.33% (+0.29)
Oct 30, 2025	2025 (Q3)	1.08 / 1.14	0.88	29.55% (+0.26)
Jul 30, 2025	2025 (Q2)	1.06 / 1.17	0.95	23.16% (+0.22)
Apr 30, 2025	2025 (Q1)	0.73 / 0.76	0.64	18.75% (+0.12)
Feb 26, 2025	2024 (Q4)	0.87 / 0.87	0.74	17.57% (+0.13)
Oct 31, 2024	2024 (Q3)	0.83 / 0.88	0.71	23.94% (+0.17)
Jul 25, 2024	2024 (Q2)	0.84 / 0.95	0.67	41.79% (+0.28)
Apr 30, 2024	2024 (Q1)	0.56 / 0.64	0.46	39.13% (+0.18)
Feb 27, 2024	2023 (Q4)	0.66 / 0.74	0.57	29.82% (+0.17)

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

FSS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 25, 2026	$116.83	$119.25	+2.08%
Oct 30, 2025	$129.41	$115.46	-10.78%
Jul 30, 2025	$104.47	$123.48	+18.21%
Apr 30, 2025	$75.26	$81.00	+7.63%

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.

FAQ

When does Federal Signal Corp. (FSS) report earnings?

Federal Signal Corp. (FSS) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).

What is Federal Signal Corp. (FSS) earnings time?

Federal Signal Corp. (FSS) earnings time is at May 05, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

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What is FSS EPS forecast?

FSS EPS forecast for the fiscal quarter 2026 (Q1) is 0.89.