Federal Signal Corporation (FSS)

Federal Signal beat consensus on both revenue and EPS in the second fiscal quarter of 2026, reported July 30, as revenue rose 19% to about $670.2 million, roughly 0.5% above the $667.0 million estimate, and EPS of $1.42 topped the $1.29 consensus by 10.1%. Environmental Solutions led the quarter with about $577.7 million of revenue, up 20%, while Vehicles and equipment climbed 20% to roughly $449.8 million and Parts rose nearly 30% to about $88.6 million. Gross margin held near 30.4% and operating margin around 17.6%, with net income increasing 21% to about $86.1 million from $71.4 million a year ago. Operating cash flow came in at $112.9 million, and the company repurchased $100,000 of stock and paid $9.1 million in dividends. Next-period consensus calls for EPS of $1.26 on revenue of $661.9 million.