Federal Signal Corp designs and manufactures a suite of products and integrated solutions for municipality, industrial and others. The company operates in two segments namely Environmental Solutions Group and Safety and Security Systems Group.
Net sales increased by $24.1 million, or 10%, in the three months ended March 31, 2019 as compared to the prior-year quarter. The Environmental Solutions Group reported a net sales increase of $22.9 million, or 12%, largely due to increases in shipments of street sweepers, vacuum trucks, refuse trucks, dump truck bodies, sewer cleaners and trailers, as well as higher aftermarket sales. Within the Safety and Security Systems Group, net sales increased by $1.2 million, or 2%, primarily due to increases in global sales of public safety products and industrial signaling equipment in the U.S., partially offset by lower domestic warning system sales and unfavorable foreign currency translation effects.