Federal Signal Corporation concluded a record year, reporting full-year 2024 consolidated net sales of $1.86 billion, an 8% increase from the prior year, and adjusted net income of $206.3 million, or $3.34 per diluted share, up from $2.58 in 2023. Fourth quarter 2024 consolidated net sales were $472 million, a 5% increase year-over-year, with adjusted net income of $53.8 million, or $0.87 per diluted share.
Consolidated operating income for the fourth quarter increased by 11% to $70.1 million, leading to an operating margin of 14.9%. The company's adjusted EBITDA for the quarter was $89.3 million, up 15%, with an adjusted EBITDA margin of 18.9%. Both the Environmental Solutions Group and Safety and Security Systems Group contributed to these results with increased sales volumes and margin improvements.
For 2025, Federal Signal anticipates full-year net sales between $2.02 billion and $2.10 billion, and adjusted EPS in the range of $3.60 to $3.90. The midpoint of this EPS guidance represents another year of double-digit growth and the highest adjusted EPS level in the company's history. The company's backlog of $1.00 billion at year-end 2024 provides visibility well into 2025 and for certain products into the first half of 2026.
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