Federal Signal Corporation: Initiation Of Coverage – Their Geographic Expansion Initiatives, The Challenges Lying Ahead

Federal Signal Corporation reported on its third-quarter 2024 performance, demonstrating a combination of year-over-year growth in sales, margin expansion, and improved earnings. Consolidated net sales grew by 6% to $474 million, marking a $28 million increase purely from organic growth. This growth was primarily driven by their Environmental Solutions Group (ESG), whose sales increased by 7%, and the Safety and Security Systems Group (SSG), which saw a 4% rise.