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Federal Signal FSS Rental income — Net Sales

Other product segments

Vehicles and equipment
$425.9M+41.2%
Parts
$77.9M+29.6%
Public safety and security equipment
$65.2M+28.9%
Industrial signaling equipment
$18.3M+10.2%
Other
$12M+12.1%
Warning systems
$9.4M+2.2%

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Other financials

Income statement

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Revenue$625.6M+34.9%
Gross profit$179.4M+37.2%
Operating income$99.7M+51.8%
Net income$70.4M+52.1%
EPS (diluted)$1.14+52.0%

Balance sheet

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Cash & equivalents$71.4M+24.2%
Total debt$589.1M+80.7%
Total equity$1.4B+19.3%
Total assets$2.5B+30.6%

Cash flow

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Operating cash flow$101.3M+176%
CapEx$6.7M+19.6%
Free cash flow$94.6M+204%

Valuation

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Market cap$7.95B+4.3%
Enterprise value$8.46B+7.6%
P/E29.4×-5.0×
P/S3.4×-0.5×

Profitability

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Gross margin29%+0.2pp
Operating margin16%+0.6pp
Net margin11.6%+0.5pp
FCF margin12.4%+1.9pp

Returns & leverage

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Return on equity20.5%+1.7pp
Debt / equity0.4×+0.1×
Current ratio2.8×+0.5×

Where this comes from

Reported directly by Federal Signal in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Federal Signal’s 10-Q, filed April 29, 2026.

Filed
Apr 29, 2026, 3:19 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-028312
(in millions)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Environmental Solutions
Vehicles and equipment (a)$425.9$301.6
Parts77.960.1
Rental income (b)16.915.0
Other (c)12.010.7
Total532.7387.4
Safety and Security Systems
Public safety and security equipment65.250.6

Item 1. Financial Statements (Unaudited).

FAQ

What is Federal Signal's rental income — net sales?
Federal Signal (FSS) reported rental income — net sales of $16.9M in Q1 2026.
How has Federal Signal's rental income — net sales changed year-over-year?
Federal Signal's rental income — net sales increased by 12.7% year-over-year, from $15M to $16.9M.
What is the long-term trend for Federal Signal's rental income — net sales?
Over 4 years (2021 to 2025), Federal Signal's rental income — net sales has grown at a 13.0% compound annual growth rate (CAGR), from $44.7M to $72.9M.
What does rental income — net sales mean?
This metric represents the total revenue generated from the short-term or long-term leasing of specialized equipment, such as street sweepers, sewer cleaners, and hydro-excavation trucks. It reflects the company's ability to monetize its asset base through rental services rather than direct product sales, providing a recurring revenue stream that complements the primary manufacturing business. This segment performance is a key indicator of customer demand for flexible equipment access and the utilization efficiency of the company's rental fleet.

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