Filing Flows › Federal Signal (FSS) › Q1 2026
Federal Signal (FSS) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Federal Signal (FSS) reported revenue of $626M for the first quarter 2026 (Q1 2026), +35% from a year earlier and +5% from the quarter before. Operating margin was 15.9%, net earnings $70.4M (11.3% of revenue).
Federal Signal, Q1 2026: revenue $626M (+35% year over year), operating margin 15.9%, net earnings $70.4M, operating cash flow $101M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $626M | +5% | +35% |
| Gross profit | $179M | +6% | +37% |
| Operating profit | $99.7M | +19% | +52% |
| Net earnings | $70.4M | +16% | +52% |
| Operating cash flow | $101M | +4% | +176% |
| Free cash flow | $94.6M | +6% | +204% |
What changed
Revenue was $625.6M in Q1 2026, up 35% year over year and up 5% from the previous quarter. Environmental Solutions was the largest line at 85% of revenue. Environmental Solutions added $145.3M year over year (up 38%), 90% of the total change.
Gross margin was 28.7%, up 0.5 points from Q1 2025. Operating profit was $99.7M, a 15.9% margin (up 1.8 points year over year). Of the extra revenue versus Q1 2025, 21% reached operating profit, above the 14% margin then. Operating expenses grew 22% against revenue growth of 35%. The fastest-growing cost line was Other operating costs (+57%). Net earnings were $70.4M, up 52% year over year. The effective tax rate was 23.6%.
Operating cash flow was $101.3M (up 176% year over year), 144% of net earnings. Non-cash charges added back $23.8M of depreciation and amortization and $2.7M of share-based compensation. Capital expenditures of $6.7M left free cash flow of $94.6M.
Questions
What was Federal Signal's revenue in the first quarter 2026?
Federal Signal (FSS) reported revenue of $626M for the first quarter 2026 (Q1 2026), +35% from a year earlier and +5% from the quarter before.
Was Federal Signal profitable in the first quarter 2026?
Operating profit was $99.7M (15.9% of revenue) and net earnings $70.4M.
Source: Federal Signal 10-Q on SEC EDGAR.