GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Federal Signal Corp (NYSE:FSS) » Definitions » EBIT

Federal Signal (Federal Signal) EBIT : $237 Mil (TTM As of Mar. 2024)


View and export this data going back to 1969. Start your Free Trial

What is Federal Signal EBIT?

Federal Signal's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $54 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $237 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Federal Signal's annualized ROC % for the quarter that ended in Mar. 2024 was 15.29%. Federal Signal's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 31.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Federal Signal's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.30%.


Federal Signal EBIT Historical Data

The historical data trend for Federal Signal's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Federal Signal EBIT Chart

Federal Signal Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 146.50 130.30 122.10 161.20 222.70

Federal Signal Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.40 58.30 62.20 62.80 54.10

Competitive Comparison of Federal Signal's EBIT

For the Pollution & Treatment Controls subindustry, Federal Signal's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Federal Signal's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Federal Signal's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Federal Signal's EV-to-EBIT falls into.



Federal Signal EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $237 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Federal Signal  (NYSE:FSS) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Federal Signal's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=220.8 * ( 1 - -1.38% )/( (1450.5 + 1477.4)/ 2 )
=223.84704/1463.95
=15.29 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Federal Signal's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=216.4/( ( (346.6 + max(324.9, 0)) + (357.5 + max(347.5, 0)) )/ 2 )
=216.4/( ( 671.5 + 705 )/ 2 )
=216.4/688.25
=31.44 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(186.2 + 303.4 + 19.6) - (109 + 27.1 + 48.2)
=324.9

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(191.4 + 322.7 + 32.3) - (125.1 + 28.7 + 45.1)
=347.5

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Federal Signal's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=237.4/5521.999
=4.30 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Federal Signal EBIT Related Terms

Thank you for viewing the detailed overview of Federal Signal's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Federal Signal (Federal Signal) Business Description

Traded in Other Exchanges
Address
1415 West 22nd Street, Suite 1100, Oak Brook, IL, USA, 60523
Federal Signal Corp designs and manufactures products and integrated solutions for municipal, governmental, industrial, and airport customers. It operates in the segments of Environmental Solutions Group and the Safety and Security Systems Group. The Environmental solutions group manufactures and supplies street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks, high-performance waterblasting equipment, dump truck bodies and trailers. The Safety and Security Systems Group offers comprehensive systems and products such as campus and community alerting, emergency vehicles, first responder interoperable communications, and others. The company generates a majority of its revenue from the Environmental Solutions Group segment.
Executives
Mark Weber officer: President-Envir. Products Grp. 1415 W. 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Felix Boeschen officer: VP Strategy/Investor Relations 1415 W. 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Dennis J Martin director 505 WEST FRANKLIN AVENUE, NAPERVILLE IL 60540
Lauren B Elting officer: VP & Corporate Controller 1415 WEST 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Ian A. Hudson officer: V.P. & Corporate Controller 1415 WEST 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Diane Bonina officer: VP, Gen'l Counsel & Secretary 1415 W. 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Shashank Patel director 1 INTERNATIONAL DRIVE, RYE BROOK NY 10573
Svetlana Vinokur officer: VP, Treasurer & Corp. Develop. 1415 WEST 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Jennifer L Sherman officer: VP, General Counsel & Sec. 1415 W. 22ND STREET, SUITE 1100, OAK BROOK IL 60523
William F Owens director C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
John L Workman director C/O HEALTHSOUTH CORPORATION, ONE HEALTHSOUTH PARKWAY, BIRMINGHAM AL 35243
Richard R Mudge director 1415 WEST 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Lowe Eugene Joseph Iii director 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Patrick E. Miller director C/O COMMERICAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Samuel Miceli officer: Sr. VP - Env. Solutions. Group 1415 WEST 22ND STREET, SUITE 1100, OAK BROOK IL 60523