Q1 2026 Federal Signal Corp Earnings Call Transcript

Apr 29, 2026 / 02:00 PM GMT

Release Date Price: €89 (-2.73%)

Transcript 10-Q

Key Points

Positve

Federal Signal Corp (FSS) reported a 35% year-over-year increase in net sales, reaching $626 million.
The company achieved a 52% improvement in operating income and a 190 basis point increase in adjusted EBITDA margin.
Strong cash generation was noted, with $101 million generated from operations, a 176% increase from the previous year.
The Environmental Solutions Group (ESG) saw a 38% increase in net sales and a 46% rise in adjusted EBITDA.
The Safety and Security Systems Group (SSG) reported a 22% increase in net sales and a 460 basis point improvement in adjusted EBITDA margin.

Negative

Corporate operating expenses increased to $13 million from $9.8 million last year, due to higher acquisition and integration-related expenses.
There was a $20 million year-over-year reduction in international export orders, affecting several product lines.
The backlog decreased by approximately 6% year-over-year, driven by successful execution and reduced lead times.
Interest expense increased by $3.9 million due to higher average debt levels.
The effective tax rate for Q1 was 23.6%, with an increase in tax expense of $6.1 million compared to the previous year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FSS.N - Federal Signal Corp
Q1 2026 Federal Signal Corp Earnings Call
Apr 29, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings, and welcome to the Federal Signal Corporation First Quarter Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.

If anyone should require operator assistance, please press star zero on your telephone keypad.

It is now my pleasure to introduce your host, Felix Boshen, Vice President of Corporate Strategy and Investor Relations.

Thank you. You may begin.

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Unidentified_2 [2]
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Good morning, and welcome to Federal Signal's first quarter

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