Federal Signal reports Q4 adjusted EPS 74c, consensus 66c

Reports Q4 revenue $448M, consensus $428.58M. “Our record-setting fourth quarter performance represented a strong finish to a year in which we delivered the highest net sales and adjusted EPS in our history,” commented Jennifer L. Sherman, President and CEO. “Within our Environmental Solutions Group, increased sales volumes, contributions from recent acquisitions, and strong price realization contributed to a 15% year-over-year net sales increase and a 190 basis point improvement in EBITDA margin. Our Safety and Security Systems Group also delivered impressive results, with double-digit top line growth and an EBITDA margin in excess of 21%. Demand for our products remains high, with our strong order intake this quarter contributing to a record backlog of $1.03 billion at the end of 2023.”