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Federal Signal Corporation Executes Bold Acquisition Strategy—How New Way And Mega Equipment Could Transform Its Portfolio!

Federal Signal Corporation reported record financial results for the fourth quarter and full year, reflecting strong demand across its environmental solutions and safety systems businesses as well as contributions from acquisitions and higher production levels. Net sales for the year reached approximately $2.18 billion, representing a 17 percent increase from the prior year, while operating income rose more than 20 percent. Adjusted EBITDA also expanded significantly, resulting in a margin exceeding 20 percent. Earnings per share increased year over year on both a reported and adjusted basis. The fourth quarter followed a similar pattern, with revenue rising more than 25 percent and adjusted EBITDA increasing at a faster pace than sales. Gross margin improved modestly while operating expenses declined as a percentage of revenue despite higher acquisition-related costs.