Federal Signal Corporation reported consolidated net sales of $464 million for the first quarter ended March 31, 2025, an increase of 9% compared to the prior-year quarter. The company achieved adjusted net income of $47.0 million, or $0.76 per diluted share, up from $0.64 per diluted share in the same period last year. Consolidated operating income increased by 21% to $65.7 million, with the operating margin expanding to 14.2% from 12.8%.
The Environmental Solutions Group (ESG) delivered 9% year-over-year net sales growth and a 17% increase in adjusted EBITDA, driven by production increases, higher sales of aftermarket offerings, and contributions from recent acquisitions. The Safety and Security Systems Group (SSG) also showed strong performance with 8% top-line growth and an adjusted EBITDA margin of 22.0%.
The company reported record consolidated orders of $568 million for the first quarter, marking the highest quarterly orders in its history, and a record consolidated backlog of $1.10 billion as of March 31, 2025. Based on this strong performance and demand, Federal Signal raised its full-year adjusted EPS outlook to a new range of $3.63 to $3.90, while reaffirming its full-year net sales outlook of between $2.02 billion and $2.10 billion.
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