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Federal Signal Corporation (FSS)



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Upturn Advisory Summary
06/27/2025: FSS (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Year Target Price $103.17
Year Target Price $103.17
2 | Strong Buy |
2 | Buy |
2 | Hold |
0 | Under performing |
0 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit 32.54% | Avg. Invested days 47 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.37B USD | Price to earnings Ratio 30.63 | 1Y Target Price 107.21 |
Price to earnings Ratio 30.63 | 1Y Target Price 107.21 | ||
Volume (30-day avg) - | Beta 1.25 | 52 Weeks Range 66.37 - 106.07 | Updated Date 06/29/2025 |
52 Weeks Range 66.37 - 106.07 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 0.54% | Basic EPS (TTM) 3.41 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 11.1% | Operating Margin (TTM) 14.21% |
Management Effectiveness
Return on Assets (TTM) 10.41% | Return on Equity (TTM) 18.78% |
Valuation
Trailing PE 30.63 | Forward PE 27.25 | Enterprise Value 6615895233 | Price to Sales(TTM) 3.35 |
Enterprise Value 6615895233 | Price to Sales(TTM) 3.35 | ||
Enterprise Value to Revenue 3.48 | Enterprise Value to EBITDA 18.59 | Shares Outstanding 60968800 | Shares Floating 59392795 |
Shares Outstanding 60968800 | Shares Floating 59392795 | ||
Percent Insiders 2.69 | Percent Institutions 103.81 |
Analyst Ratings
Rating 4 | Target Price 103.17 | Buy 2 | Strong Buy 2 |
Buy 2 | Strong Buy 2 | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Federal Signal Corporation

Company Overview
History and Background
Federal Signal Corporation was founded in 1901 as Federal Electric Company. It initially focused on electric signs and signaling devices. Over time, it evolved through acquisitions and organic growth, expanding into safety and signaling systems for municipal, industrial, and emergency services.
Core Business Areas
- Environmental Solutions Group (ESG): This segment offers Elgin street sweepers, Vactor sewer cleaners, Guzzler industrial vacuum trucks, and TRUVAC excavation trucks, used for infrastructure maintenance, cleaning, and environmental compliance.
- Safety and Security Systems Group (SSG): This segment provides safety and security solutions, including audible and visual signaling devices, public safety software, and integrated systems for emergency response, alerting, and mass notification. Brands include Federal Signal, Whelen, and Code 3.
Leadership and Structure
Jennifer L. Sherman serves as the President and Chief Executive Officer. The company operates with a divisional structure, separating the Environmental Solutions Group and the Safety and Security Systems Group.
Top Products and Market Share
Key Offerings
- Street Sweepers (Elgin): Elgin street sweepers are used by municipalities and contractors for cleaning streets and other paved surfaces. Market share data varies regionally, but Elgin is a leading brand. Competitors include Tennant Company and Schwarze Industries. Revenue from ESG was $1.12 Billion in 2023, a large portion is attributed to this product line.
- Sewer Cleaners (Vactor): Vactor sewer cleaners are used for cleaning and maintaining sewer and drain lines. Vactor holds a significant market share in North America. Competitors include Super Products and Vac-Con. Revenue from ESG was $1.12 Billion in 2023, a large portion is attributed to this product line.
- Emergency Warning Systems (Federal Signal & Whelen): Federal Signal and Whelen sirens, light bars, and communication systems are used by emergency services and industrial facilities. Federal Signal and Whelen hold substantial market shares in the emergency warning systems sector. Competitors include Code 3 (owned by Federal Signal), Tomar Electronics, and SoundOff Signal. Revenue from SSG was $498.4 million in 2023, a large portion is attributed to this product line.
Market Dynamics
Industry Overview
The industries Federal Signal operates in are driven by infrastructure spending, environmental regulations, and public safety concerns. Demand is generally stable but can be affected by economic cycles and government budgets.
Positioning
Federal Signal is a leading provider of specialized vehicles and signaling solutions. Its competitive advantages include a strong brand reputation, a diverse product portfolio, and an established distribution network.
Total Addressable Market (TAM)
The total addressable market for Federal Signal's products is estimated to be in the billions of dollars annually. The company is well-positioned to capture a significant share of this market due to its established market presence and product offerings.
Upturn SWOT Analysis
Strengths
- Strong brand recognition
- Diverse product portfolio
- Established distribution network
- Leading market positions in key segments
- Recurring revenue streams
Weaknesses
- Cyclical exposure to infrastructure spending
- Dependence on government budgets
- Potential for product liability claims
- Susceptibility to raw material price fluctuations
Opportunities
- Increasing infrastructure investment
- Growing demand for environmental solutions
- Expansion into new geographic markets
- Technological advancements in safety and signaling systems
- Acquisitions of complementary businesses
Threats
- Economic downturns
- Increased competition
- Changes in government regulations
- Product obsolescence
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- NNBR
- DOV
- ITT
Competitive Landscape
Federal Signal benefits from a strong brand reputation and a diverse product portfolio. However, it faces competition from larger, more diversified companies and smaller, niche players.
Major Acquisitions
DeWind Co
- Year: 2022
- Acquisition Price (USD millions): 53.5
- Strategic Rationale: Expanded Federal Signal's footprint in the sewer cleaner marketplace in the US, it included fixed operations and an additional 17 service trucks. This acquisition should allow them to expand the fleet of Vactor sewer cleaner, which will create more opportunities with Federal Signal existing customers.
Growth Trajectory and Initiatives
Historical Growth: Federal Signal has achieved consistent revenue growth through organic expansion and strategic acquisitions.
Future Projections: Analysts project continued revenue growth in the mid-single digits, driven by infrastructure spending and demand for safety solutions.
Recent Initiatives: Recent initiatives include acquisitions to expand product offerings and geographic reach, as well as investments in new technologies.
Summary
Federal Signal is a well-established company with a strong market position in specialized vehicles and signaling solutions. Its diverse product portfolio and established distribution network provide a competitive advantage. The company's growth is driven by infrastructure spending and demand for safety solutions. However, Federal Signal needs to be mindful of cyclical exposure to infrastructure, the dependence on government budgets, and also raw material price fluctuations.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Federal Signal Corporation Investor Relations
- SEC Filings (10-K, 10-Q)
- Market research reports
- Analyst estimates
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Market conditions and company performance can change, and past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Federal Signal Corporation
Exchange NYSE | Headquaters Downers Grove, IL, United States | ||
IPO Launch date 1982-03-01 | President, CEO & Director Ms. Jennifer L. Sherman | ||
Sector Industrials | Industry Pollution & Treatment Controls | Full time employees 4700 | Website https://www.federalsignal.com |
Full time employees 4700 | Website https://www.federalsignal.com |
Federal Signal Corporation designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group, and Safety and Security Systems Group. The company offers street sweepers, sewer cleaners, industrial vacuum loaders, safe-digging trucks, dump truck bodies, and trailers, as well as waterblasting, road-marking, line-removal, metal extraction support equipment, and multi-purpose maintenance vehicles under the Elgin, Vactor, Guzzler, TRUVAC, Westech, Jetstream, Blasters, Mark Rite Lines, Trackless, Ox Bodies, Crysteel, J-Craft, Duraclass, Rugby, Travis, OSW, NTE, WTB, Ground Force, TowHaul, Bucks, and Switch-N-Go brands; and provides refuse and recycling collection vehicles through a dealer network or direct sales to service customers. It is also involved in sale of parts, service and repair, equipment rentals, and training. The company also provides systems for community alerting, emergency vehicles, first responder interoperable communications, and industrial communications; public safety equipment, such as vehicle lightbars and sirens, industrial signaling equipment, public warning systems, and general alarm/public address systems under the Federal Signal, Federal Signal VAMA, and Victor brand names through wholesalers, distributors, independent manufacturer representatives, original equipment manufacturers, and direct sales force, as well as independent foreign distributors. Federal Signal Corporation was founded in 1901 and is based in Downers Grove, Illinois.
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