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FEDERAL SIGNAL CORP (FSS)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Environmental Solutions  1,190.61,004.0915.8992.9863.5692.6490.7534.1
    Safety & Security Systems  244.2209.2215.0228.4226.0205.9217.2233.9
Total revenues   [+]1,434.81,213.21,130.81,221.31,089.5898.5707.9768.0
            Revenue growth   [+]18.3%7.3%-7.4%12.1%21.3%26.9%-7.8%-1.4%
Cost of goods sold  1,089.9924.5837.2898.5807.4677.3524.5542.4
Gross profit  344.9288.7293.6322.8282.1221.2183.4225.6
            Gross margin  24.0%23.8%26.0%26.4%25.9%24.6%25.9%29.4%
Selling, general and administrative  171.7149.2149.2164.4159.1144.3119.5122.0
Other operating expenses  -0.5-8.92.12.5 -6.1  
EBITDA   [+]215.5187.9177.5188.6159.4113.083.0115.9
            EBITDA margin  15.0%15.5%15.7%15.4%14.6%12.6%11.7%15.1%
Depreciation  41.839.535.232.728.425.219.112.3
EBITA  173.7148.4142.3155.9131.087.863.9103.6
            EBITA margin  12.1%12.2%12.6%12.8%12.0%9.8%9.0%13.5%
Amortization of intangibles  12.910.99.68.88.04.8  
EBIT   [+]160.8137.5132.7147.1123.083.063.9103.6
            EBIT margin  11.2%11.3%11.7%12.0%11.3%9.2%9.0%13.5%
Non-recurring items   [+] 6.81.3 1.59.43.10.4
Interest expense  10.34.55.77.99.37.31.92.3
Other income (expense), net   [+]0.4-8.6-1.1-0.6-0.6-5.3-2.1-1.0
Pre-tax income  150.9117.6124.6138.6111.661.056.899.9
Income taxes  30.517.028.530.217.90.517.434.1
            Tax rate  20.2%14.5%22.9%21.8%16.0%0.8%30.6%34.1%
Net income  120.4100.696.2108.594.061.643.863.5
            Net margin  8.4%8.3%8.5%8.9%8.6%6.9%6.2%8.3%
   
Basic EPS   [+]$1.99$1.65$1.59$1.80$1.56$1.01$0.65$1.06
Diluted EPS   [+]$1.97$1.63$1.56$1.76$1.53$1.00$0.64$1.04
   
Dividends per share   [+]$0.36$0.36$0.32$0.32$0.31$0.28$0.28$0.25
   
Shares outstanding (basic)   [+]60.560.860.360.259.959.760.462.2
Shares outstanding (diluted)   [+]61.261.961.761.661.260.461.263.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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