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Federal Signal Acquires New Way Trucks for $396M

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Federal Signal Acquires New Way Trucks for $396M

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The latest announcement is out from Federal Signal ( (FSS) ).

On September 24, 2025, Federal Signal Corporation announced its agreement to acquire Scranton Manufacturing Company Inc., known as New Way Trucks, for $396 million, with additional considerations for facilities and real estate rights. This acquisition, expected to close in the fourth quarter of 2025, marks Federal Signal’s expansion into the refuse collection vehicle market, enhancing its specialty vehicle platform and positioning it for growth in the recession-resilient waste and recycling industry. The transaction is anticipated to be neutral to earnings per share in 2026 but accretive in subsequent years, with significant synergies expected by 2028.

The most recent analyst rating on (FSS) stock is a Buy with a $144.00 price target. To see the full list of analyst forecasts on Federal Signal stock, see the FSS Stock Forecast page.

Spark’s Take on FSS Stock

According to Spark, TipRanks’ AI Analyst, FSS is a Outperform.

Federal Signal’s strong financial performance, characterized by robust growth and operational efficiency, is complemented by positive earnings call guidance. Despite technical indicators suggesting a potential overbought condition and a high valuation, the company’s overall outlook remains positive, driven by strong demand and strategic initiatives.

To see Spark’s full report on FSS stock, click here.

More about Federal Signal

Federal Signal Corporation, founded in 1901 and headquartered in Downers Grove, Illinois, is a global leader in designing, manufacturing, and supplying products and total solutions that serve municipal, governmental, industrial, and commercial customers. The company operates through two main groups: Environmental Solutions and Safety and Security Systems, focusing on equipment that moves material, cleans infrastructure, and protects communities.

Average Trading Volume: 621,977

Technical Sentiment Signal: Buy

Current Market Cap: $7.38B

For an in-depth examination of FSS stock, go to TipRanks’ Overview page.

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