Federal Signal Corporation (NYSE:FSS) Q1 2024 Earnings Call Transcript

Preston Graham: Got it. Very helpful. Thank you. And then one follow-up. Last quarter, you touched on some lumpiness in sort of the fleet orders, some of the large fleet orders. Obviously, it’s hard to predict, but I guess, could you talk a little bit more about what you’re seeing from your fleet customers from a demand perspective?

Jennifer Sherman: Yeah. So one of the things we were encouraged was demand across the board was very strong. And we’re particularly encouraged by, as we talked about, kind of the dump truck orders, the SSG orders were strong. And despite the fact that the year-over-year comparable is tough, because they had a one-time $11 million order to Mexico in Q1 of 2023. And again, it’s pretty balanced between the publicly funded and the industrial side, which we believe is encouraging and an important sign of the health of our business.

Preston Graham: Thank you. That’s helpful. Okay. I’ll jump back in the queue.

Operator: There are no further questions at this time. I would now like to turn the floor back over to Jennifer Sherman for closing comments.

Jennifer Sherman: In closing, I would like to reiterate that we are confident in the long-term prospects for our businesses and our markets. We remain focused on executing against our strategic framework. We would like to express our thanks to our stockholders, employees, distributors, dealers, and customers for their continued support. Thank you for joining us today and we’ll talk to you soon.

Operator: This concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.