Federal Signal Corporation Financials

$224.4 M

Revenue Q2, 2017

$1.2 B

Mkt cap, 13-Dec-2017
Gross profit (Q2, 2017)54.7 M
Gross profit margin (Q2, 2017), %24%
Net income (Q2, 2017)11.4 M
EBIT (Q2, 2017)18.7 M
Cash, 30-Jun-201737 M

Financials

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

851.3 m918.5 m768 m707.9 m

Revenue growth, %

8%(16%)(8%)

Cost of goods sold

646.2 m685.2 m542.4 m524.8 m

Gross profit

205.1 m233.3 m225.6 m183.1 m

Gross profit Margin, %

24%25%29%26%

EBIT

70.6 m92.6 m103.2 m57.7 m

EBIT margin, %

8%10%13%8%

Interest expense

8.8 m3.8 m2.3 m1.9 m

Pre tax profit

53 m87.3 m99.9 m56.8 m

Income tax expense

107.2 m(24.3 m)(34.1 m)(17.4 m)

Net Income

160 m63.7 m63.5 m43.8 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

209.3 m200.2 m234.6 m219.3 m221.6 m230.8 m205.8 m172.8 m172.3 m186.7 m177.8 m224.4 m

Cost of goods sold

158.8 m153.4 m175.7 m160.9 m162.4 m165.1 m146.2 m125.4 m127.3 m141.4 m134.2 m169.7 m

Gross profit

50.5 m46.8 m58.9 m58.4 m59.2 m65.7 m59.6 m47.4 m45 m45.3 m43.6 m54.7 m

Gross profit Margin, %

24%23%25%27%27%28%29%27%26%24%25%24%

EBIT

18.8 m12.8 m23.9 m24.9 m24.8 m29.2 m25.9 m16.1 m14.3 m13.5 m11.3 m18.7 m

EBIT margin, %

9%6%10%11%11%13%13%9%8%7%6%8%

Interest expense

1.5 m1 m900 k900 k600 k600 k500 k400 k400 k600 k600 k1.3 m

Pre tax profit

17.3 m11.8 m22.7 m23.7 m23.3 m28.5 m25.1 m16.1 m14.2 m13.2 m11 m17.6 m

Income tax expense

(500 k)(4.2 m)(5.7 m)(8.5 m)(8.4 m)(10.2 m)(8.7 m)(5.7 m)(4.8 m)(5.7 m)3.8 m6.1 m

Net Income

16 m7.4 m17.1 m15.4 m14.9 m18.3 m18.8 m13.6 m9.1 m8.5 m7.3 m11.4 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

23.8 m30.4 m76 m50.7 m

Inventories

109.8 m121 m87.2 m120.1 m

Current Assets

265.5 m290.5 m315.1 m259.6 m

Goodwill

273.8 m266.3 m231.6 m236.5 m

Total Assets

644.8 m658.7 m666.5 m643.2 m

Accounts Payable

50.5 m50.7 m38 m35.3 m

Current Liabilities

132.6 m139.1 m117.2 m84.9 m

Total Liabilities

249.1 m

Additional Paid-in Capital

177 m187 m195.6 m200.3 m

Retained Earnings

227 m274.9 m301.8 m

Total Equity

405.6 m394.1 m

Financial Leverage

1.6 x1.6 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

20.9 m16 m24.2 m29.1 m23 m35.9 m66.2 m77.3 m38.7 m50.8 m56.8 m37 m

Inventories

111.3 m121.4 m124.3 m131.4 m126.5 m120.1 m124.7 m93.6 m119.5 m115.8 m127.5 m139.7 m

Current Assets

266 m271.1 m281.7 m283.3 m291.6 m306.7 m312.8 m276.7 m253.7 m260.8 m273.4 m302.9 m

PP&E

41.6 m

Goodwill

273.1 m273.5 m273.6 m269.2 m260.8 m262.4 m261.6 m236.2 m236.2 m238.3 m237 m372.2 m

Total Assets

656.8 m651.6 m658.5 m651.3 m649 m660.7 m662.8 m583.2 m651.3 m648.6 m652 m997.6 m

Accounts Payable

48.8 m54.5 m58.7 m53.7 m55.1 m49.4 m49.1 m37 m40.9 m37.7 m41.2 m66.7 m

Short-term debt

6.1 m5 m2.8 m

Current Liabilities

127.9 m141.9 m149.5 m145 m136.4 m131.8 m129.4 m89.9 m95.1 m91.9 m90.9 m132.7 m

Total Debt

6.1 m5 m2.8 m

Total Liabilities

366.6 m291 m283 m272 m281.3 m272.7 m263.6 m175.8 m255.3 m247.1 m254.3 m585.2 m

Additional Paid-in Capital

175.2 m178.3 m180.4 m182.1 m187.7 m190.2 m192.4 m195.5 m197.4 m198.8 m201 m204.4 m

Retained Earnings

141.8 m176.3 m191.5 m205 m238.1 m252.7 m267.7 m284.2 m289 m293.3 m304.9 m312.1 m

Total Equity

290.2 m360.6 m375.5 m379.3 m367.7 m388 m399.2 m407.4 m396 m401.5 m397.7 m412.4 m

Financial Leverage

2.3 x1.8 x1.8 x1.7 x1.8 x1.7 x1.7 x1.4 x1.6 x1.6 x1.6 x2.4 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

160 m63.7 m63.5 m43.8 m

Depreciation and Amortization

14.2 m15 m12.3 m19.1 m

Accounts Receivable

2.6 m(17 m)(300 k)(8 m)

Inventories

10.5 m(20 m)(3.3 m)(2.3 m)

Accounts Payable

(2.5 m)1.9 m(3.1 m)(13.9 m)

Cash From Operating Activities

74.8 m72.3 m97.2 m24.7 m

Cash From Investing Activities

(11.5 m)(103 m)

Cash From Financing Activities

(65.6 m)(53.7 m)(33 m)(36.4 m)

Income Taxes Paid

(600 k)(1.1 m)(1.5 m)(4.4 m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

132.9 m7.4 m17.1 m15.4 m14.9 m33.2 m18.8 m13.6 m9.1 m8.5 m7.3 m

Depreciation and Amortization

10.4 m3.6 m7.7 m

Inventories

120.1 m124.7 m93.6 m119.5 m115.8 m127.5 m

Accounts Payable

49.4 m49.1 m37 m40.9 m37.7 m41.2 m

Cash From Operating Activities

32.2 m(7.2 m)27.4 m

Cash From Investing Activities

(10.7 m)2.8 m

Cash From Financing Activities

(30.4 m)(3.5 m)

Ratios

Y, 2017

Financial Leverage

2.4 x