Federal Signal (FSS) Announces $150M Share Buyback, Declares Dividend

Federal Signal Corporation (NYSE: FSS) (the "Company") today announced that its Board of Directors ("Board") declared a quarterly cash dividend of fourteen cents ($0.14) per share on its common stock. The dividend is payable on May 30, 2025 to stockholders of record at the close of business on May 16, 2025.

The Company also announced today that its Board has authorized an additional stock repurchase program of up to $150 million of the Company's common stock. The repurchase program supplements the Board's prior authorization from March 2020, which had approximately $27 million of availability remaining as of the end of the first quarter of 2025. The newly-authorized program is intended primarily to facilitate purchases of Company stock as a means to provide cash returns to stockholders, enhance stockholder returns, and manage the Company's capital structure.

"Our objective with our stock repurchase programs, and with all of our initiatives, is to optimize value for our stockholders," said Jennifer L. Sherman, President and Chief Executive Officer. "In taking this action, we are reaffirming our confidence in the prospects for our businesses. With the strength of our balance sheet, our robust free cash flow generation, and our low debt levels, we can fund opportunistic repurchases of our stock and offset dilution over time, without impacting our ability to invest in our growth initiatives, including our disciplined and focused acquisition efforts."

Under its stock repurchase programs, the Company is authorized to repurchase, from time to time, shares of its outstanding common stock. Stock repurchases by the Company are subject to market conditions and other factors and may be commenced, suspended, or discontinued at any time.

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