Filing Flows › Federal Signal (FSS) › Q1 2025
Federal Signal (FSS) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Federal Signal (FSS) reported revenue of $464M for the first quarter 2025 (Q1 2025), +9% from a year earlier and -2% from the quarter before. Operating margin was 14.2%, net earnings $46.3M (10.0% of revenue).
Federal Signal, Q1 2025: revenue $464M (+9% year over year), operating margin 14.2%, net earnings $46.3M, operating cash flow $36.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $464M | -2% | +9% |
| Gross profit | $131M | -1% | +13% |
| Operating profit | $65.7M | -6% | +21% |
| Net earnings | $46.3M | -7% | -10% |
| Operating cash flow | $36.7M | -59% | +17% |
| Free cash flow | $31.1M | -62% | +36% |
What changed
Revenue was $463.8M in Q1 2025, up 9% year over year and down 2% from the previous quarter. Environmental Solutions was the largest line at 84% of revenue. Environmental Solutions added $33.4M year over year (up 9%), 86% of the total change.
Gross margin was 28.2%, up 0.9 points from a year earlier. Operating profit was $65.7M, a 14.2% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 29% reached operating profit, above the 13% margin then. Operating expenses grew 6% against revenue growth of 9%. Net earnings were $46.3M, down 10% year over year. The effective tax rate was 25.3%.
Operating cash flow was $36.7M (up 17% year over year), 79% of net earnings. Non-cash charges added back $18.7M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $30.7M. Capital expenditures of $5.6M left free cash flow of $31.1M.
Questions
What was Federal Signal's revenue in the first quarter 2025?
Federal Signal (FSS) reported revenue of $464M for the first quarter 2025 (Q1 2025), +9% from a year earlier and -2% from the quarter before.
Was Federal Signal profitable in the first quarter 2025?
Operating profit was $65.7M (14.2% of revenue) and net earnings $46.3M.
Source: Federal Signal 10-Q on SEC EDGAR.