Federal Signal Corporation Buyback
OLI recorded this information on 3/13/2020
Federal Signal Corporation
Federal Signal Corporation (NYSE:FSS) (the "Company") today announced that its Board of Directors has authorized an additional stock repurchase program of up to $75 million of the Company's common stock. The repurchase program supplements the Board's prior authorization from November 2014, which had approximately $29 million of availability remaining as of December 31, 2019. 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.
Federal Signal designs, manufactures and supplies products and solutions for municipal, governmental, industrial and commercial customers. Co.'s reportable segments are: Environmental Solutions Group, which manufactures and supplies a range of street sweepers, sewer cleaners, industrial vacuum loaders, safe-digging trucks, waterblasting equipment, road-marking and line-removal equipment, dump truck bodies, and trailers; and Safety and Security Systems Group, which manufactures and supplies systems and products that law enforcement, fire rescue, emergency medical services, campuses, military facilities and industrial sites use to protect people and property.
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Buy (3.00 out of 4)