Federal Signal Corporation Buyback
OLI recorded this information on 3/13/2020
Company: |
Federal Signal Corporation |
Buyback: |
FSS buyback |
$Amount Authorized: |
$75,000,000 |
Buyback Details: |
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 Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. Co.'s segments include Environmental Solutions Group and Safety and Security Systems. The Environmental Solutions Group is a manufacturer and supplier of a full range of street sweepers, sewer cleaners, industrial vacuum loaders, safe-digging trucks, water blasting equipment, road-marking and line-removal equipment, dump truck bodies, trailers, metal extraction support equipment and multi-purpose tractors.
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