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On May 22, 2026, Spectrum Brands Holdings Inc (SPB) shares rose 3.7% today, reaching a current price of $78.35. The stock has experienced a 52-week range of $49

Industrial stocks have been leaders so far in 2026. That's great, but has made valuation a new risk for the sector's investors.

Posted by Defense World Staff on Mar 29th, 2026

Representative Josh Gottheimer (Democratic-New Jersey) recently bought shares of Monster Beverage Corporation (NASDAQ:MNST). In a filing disclosed on March 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Monster Beverage stock on February 2nd. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of Infineon Technologies (OTCMKTS:IFNNY) on 2/27/2026. Sold $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 2/27/2026. Purchased $1,001 – $15,000 in shares of Federal Signal (NYSE:FSS) on 2/26/2026. Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 2/20/2026. Sold $1,001 – $15,000 in shares of Carvana (NYSE:CVNA) on 2/18/2026. Sold $1,001 – $15,000 in shares of Visa (NYSE:V) on 2/18/2026. Purchased $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 2/5/2026. Purchased $1,001 – $15,000 in shares of Cummins (NYSE:CMI) on 2/5/2026. Purchased $1,001 – $15,000 in shares of GE Vernova (NYSE:GEV) on 2/5/2026. Sold $1,001 – $15,000 in shares of Cloudflare (NYSE:NET) on 2/4/2026. Monster Beverage Stock Performance Shares of MNST stock opened at $71.83 on Friday. Monster Beverage Corporation has a fifty-two week low of $54.73 and a fifty-two week high of $87.38. The company has a 50 day moving average price of $79.56 and a 200 day moving average price of $74.22. The stock has a market capitalization of $70.18 billion, a P/E ratio of 37.03, a price-to-earnings-growth ratio of 2.32 and a beta of 0.44.

Monster Beverage (NASDAQ:MNST – Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS. On average, research analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Analysts Set New Price Targets Several analysts have recently issued reports on MNST shares. Argus increased their price objective on Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Bank of America upped their price target on Monster Beverage from $77.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Morgan Stanley reaffirmed an “overweight” rating and issued a $96.00 price target (up from $87.00) on shares of Monster Beverage in a research report on Monday, January 26th. BNP Paribas Exane upgraded Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price objective for the company in a research note on Friday, January 16th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $73.00 price objective (up from $53.00) on shares of Monster Beverage in a research report on Wednesday, December 3rd. Fourteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Monster Beverage currently has an average rating of “Moderate Buy” and an average price target of $83.95.

Check Out Our Latest Stock Analysis on Monster Beverage

Institutional Trading of Monster Beverage A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MNST. Physician Wealth Advisors Inc. increased its position in shares of Monster Beverage by 508.1% during the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after purchasing an additional 315 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Monster Beverage in the 3rd quarter valued at about $27,000. Harbor Investment Advisory LLC boosted its position in shares of Monster Beverage by 136.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock valued at $27,000 after purchasing an additional 205 shares during the period. Newbridge Financial Services Group Inc. grew its stake in Monster Beverage by 1,338.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after buying an additional 415 shares during the last quarter. Finally, First Horizon Corp acquired a new position in Monster Beverage during the third quarter worth approximately $29,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

About Representative Gottheimer Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Monster Beverage (Get Free Report)

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.

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Investors looking for stocks in the Automotive - Domestic sector might want to consider either General Motors (GM - Free Report) or Federal Signal (FSS - Free Report) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.

Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.

Right now, General Motors is sporting a Zacks Rank of #2 (Buy), while Federal Signal has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that GM is likely seeing its earnings outlook improve to a greater extent. But this is just one factor that value investors are interested in.

Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.

The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.

GM currently has a forward P/E ratio of 5.93, while FSS has a forward P/E of 22.22. We also note that GM has a PEG ratio of 0.40. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. FSS currently has a PEG ratio of 1.59.

Another notable valuation metric for GM is its P/B ratio of 1.04. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, FSS has a P/B of 4.61.

These are just a few of the metrics contributing to GM's Value grade of A and FSS's Value grade of C.

GM sticks out from FSS in both our Zacks Rank and Style Scores models, so value investors will likely feel that GM is the better option right now.

Posted by Defense World Staff on Apr 6th, 2026

Allspring Global Investments Holdings LLC raised its holdings in Federal Signal Corporation (NYSE:FSS – Free Report) by 47.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,210 shares of the conglomerate’s stock after purchasing an additional 28,299 shares during the period. Allspring Global Investments Holdings LLC owned 0.15% of Federal Signal worth $9,579,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FSS. Tudor Investment Corp ET AL boosted its stake in shares of Federal Signal by 200.0% during the third quarter. Tudor Investment Corp ET AL now owns 265,308 shares of the conglomerate’s stock valued at $31,569,000 after acquiring an additional 176,870 shares during the last quarter. Nordea Investment Management AB acquired a new position in Federal Signal in the 4th quarter valued at about $8,590,000. Fort Washington Investment Advisors Inc. OH raised its stake in Federal Signal by 76.7% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 247,531 shares of the conglomerate’s stock valued at $26,879,000 after purchasing an additional 107,474 shares during the last quarter. Congress Asset Management Co. lifted its holdings in Federal Signal by 7.5% in the 4th quarter. Congress Asset Management Co. now owns 551,556 shares of the conglomerate’s stock valued at $59,893,000 after purchasing an additional 38,660 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Federal Signal in the 3rd quarter valued at about $3,745,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Stock Performance Federal Signal stock opened at $109.18 on Monday. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $132.89. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.02 and a quick ratio of 1.35. The stock’s 50-day moving average is $112.43 and its 200-day moving average is $114.27.

Federal Signal (NYSE:FSS – Get Free Report) last issued its earnings results on Wednesday, February 25th. The conglomerate reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Federal Signal had a return on equity of 20.14% and a net margin of 11.31%.The business had revenue of $597.10 million during the quarter, compared to analysts’ expectations of $551.36 million. During the same quarter in the previous year, the business earned $0.87 EPS. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 4.500-4.800 EPS. Equities analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 13th were given a dividend of $0.15 per share. This is a positive change from Federal Signal’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. Federal Signal’s dividend payout ratio is currently 14.96%.

Analysts Set New Price Targets Several brokerages recently issued reports on FSS. CJS Securities raised shares of Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price objective on the stock in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a research note on Monday, December 29th. Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, KeyCorp raised Federal Signal from a “sector weight” rating to an “overweight” rating and set a $130.00 price target on the stock in a research note on Tuesday, March 10th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $131.75.

Check Out Our Latest Analysis on FSS

Federal Signal Profile (Free Report)

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.

Further Reading Five stocks we like better than Federal Signal

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Posted by Defense World Staff on Apr 19th, 2026

Federal Signal Corporation (NYSE:FSS – Get Free Report) has been given an average rating of “Moderate Buy” by the six research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $131.75.

A number of equities research analysts recently commented on the company. KeyCorp upgraded Federal Signal from a “sector weight” rating to an “overweight” rating and set a $130.00 target price on the stock in a research report on Tuesday, March 10th. CJS Securities upgraded Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 target price on the stock in a research report on Thursday, February 26th. Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Federal Signal in a research report on Monday, December 29th.

View Our Latest Stock Analysis on FSS

Institutional Investors Weigh In On Federal Signal A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its position in Federal Signal by 3.5% during the first quarter. Royal Bank of Canada now owns 93,618 shares of the conglomerate’s stock valued at $6,886,000 after purchasing an additional 3,153 shares during the period. AQR Capital Management LLC raised its position in Federal Signal by 10.9% during the first quarter. AQR Capital Management LLC now owns 35,702 shares of the conglomerate’s stock valued at $2,626,000 after purchasing an additional 3,520 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Federal Signal by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,822 shares of the conglomerate’s stock valued at $2,635,000 after purchasing an additional 1,594 shares during the period. NewEdge Advisors LLC raised its position in Federal Signal by 15.9% during the first quarter. NewEdge Advisors LLC now owns 1,838 shares of the conglomerate’s stock valued at $135,000 after purchasing an additional 252 shares during the period. Finally, Empowered Funds LLC purchased a new stake in Federal Signal during the first quarter valued at approximately $1,119,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Federal Signal Price Performance Shares of Federal Signal stock opened at $114.31 on Friday. The stock’s 50-day simple moving average is $112.80 and its 200-day simple moving average is $113.65. Federal Signal has a 52 week low of $71.92 and a 52 week high of $132.89. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.67 and a beta of 1.33. The company has a quick ratio of 1.35, a current ratio of 3.02 and a debt-to-equity ratio of 0.41.

Federal Signal (NYSE:FSS – Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The conglomerate reported $1.16 EPS for the quarter, beating the consensus estimate of $1.08 by $0.08. The business had revenue of $597.10 million for the quarter, compared to the consensus estimate of $551.36 million. Federal Signal had a return on equity of 20.14% and a net margin of 11.31%.The business’s revenue was up 26.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 earnings per share. Federal Signal has set its FY 2026 guidance at 4.500-4.800 EPS. As a group, analysts expect that Federal Signal will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 13th were given a $0.15 dividend. This is an increase from Federal Signal’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, March 13th. Federal Signal’s dividend payout ratio (DPR) is presently 14.96%.

About Federal Signal (Get Free Report)

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.

Featured Stories Five stocks we like better than Federal Signal

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Federal Signal Corporation (FSS) delivered robust revenue and profit growth, driven by acquisitions and strong demand across its segments. FSS's Environmental Solutions Group led expansion, with significant contributions from the New Way acquisition and aftermarket offerings. Despite operational strength and record backlog, FSS trades at fair to premium valuations versus peers, limiting upside.

, /PRNewswire/ -- Federal Signal Corporation (NYSE:FSS) (the "Company"), a leader in environmental and safety solutions, today reported financial results for the first quarter ended March 31, 2026.

First Quarter Highlights

Net sales of $626 million, up $162 million, or 35%, from last year; organic growth of $70 million, or 15% Operating income of $99.7 million, up $34.0 million, or 52%, from last year GAAP Diluted EPS of $1.14, up $0.39, or 52%, from last year Adjusted EPS of $1.18, up $0.42, or 55%, from last year Orders of $623 million, up $55 million, or 10%, from last year Operating cash flow of $101 million, up $65 million, or 176%, from last year Raises 2026 net sales outlook to a new range of $2.57 billion to $2.66 billion, from the prior range of $2.55 billion to $2.65 billion Raises 2026 adjusted EPS* outlook to a new range of $4.80 to $5.05, from the prior range of $4.50 to $4.80 Raises EBITDA margin targets for the Safety and Security Systems Group to a new range of 22% to 28%, from the prior range of 18% to 24% Consolidated net sales for the first quarter were $626 million, an increase of $162 million, or 35%, compared to the prior-year quarter. Net income for the first quarter was $70.4 million, or $1.14 per diluted share, compared to $46.3 million, or $0.75 per diluted share, in the prior-year quarter.

The Company also reported adjusted net income for the first quarter of $72.7 million, or $1.18 per diluted share, compared to $47.0 million, or $0.76 per diluted share, in the prior-year quarter. The Company is reporting adjusted results to facilitate comparisons of underlying performance on a year-over-year basis. A reconciliation of these and other non-GAAP measures is provided at the conclusion of this news release.

First Quarter Outperformance Represents Strong Start to the Year; Raising EBITDA Margin Targets for the Safety and Security Systems Group

"Our first quarter results exceeded our expectations, with our businesses delivering 35% year-over-year net sales growth, 52% operating income improvement, and a 190-basis point increase in adjusted EBITDA margin," commented Jennifer L. Sherman, President and Chief Executive Officer. "Within our Environmental Solutions Group, we delivered 38% year-over-year net sales growth and a 46% increase in adjusted EBITDA. Production increases at several of our businesses, higher sales of our aftermarket offerings, proactive management of price/cost dynamics, and contributions from recent acquisitions were meaningful year-over-year growth drivers. Our Safety and Security Systems Group also delivered impressive results, with 22% top-line growth and an adjusted EBITDA margin of approximately 27%. With its consistently strong performance over the last several quarters, we are raising the EBITDA margin targets for our Safety and Security Systems Group to a new range of 22% to 28%, from the prior range of 18% to 24%."

In the Environmental Solutions Group, net sales for the first quarter were $533 million, up $145 million, or 38%, compared to the prior-year quarter. In the Safety and Security Systems Group, net sales were $93 million, up $17 million, or 22%, compared to the prior-year quarter.

Consolidated operating income for the first quarter was $99.7 million, up $34.0 million, or 52%, compared to the prior-year quarter. Consolidated operating margin for the first quarter was 15.9%, up from 14.2% in the prior-year quarter.

Consolidated adjusted earnings before interest, tax, depreciation and amortization ("adjusted EBITDA") for the first quarter was $126.3 million, up $41.2 million, or 48%, compared to the prior-year quarter, and consolidated adjusted EBITDA margin was 20.2%, up from 18.3% in the prior-year quarter.

In the Environmental Solutions Group, adjusted EBITDA for the first quarter was $113.3 million, up $35.8 million, or 46%, compared to the prior-year quarter, and its adjusted EBITDA margin was 21.3%, up from 20.0% last year. In the Safety and Security Systems Group, adjusted EBITDA for the first quarter was $24.7 million, up $7.9 million, or 47%, compared to the prior-year quarter, and its adjusted EBITDA margin was 26.6%, up from 22.0% last year.

Consolidated orders for the first quarter were $623 million, an increase of $55 million, or 10%, compared to the prior-year quarter. Consolidated backlog at March 31, 2026 was $1.04 billion, compared to $1.10 billion in the prior-year quarter.

Increased Operating Cash Flow Provides Flexibility to Fund M&A, Organic Growth Opportunities, and Cash Returns to Stockholders

Net cash provided by operating activities during the first quarter was $101 million, an increase of $65 million, or 176%, from the prior-year quarter.

At March 31, 2026, total outstanding debt was $552 million, total cash and cash equivalents were $71 million, and the Company had $939 million of availability for borrowings under its credit facility.

"Our operating cash flow generation during the quarter was up 176% compared to last year," said Sherman. "With the increased cash generation and available capacity under our credit facility, we have significant financial flexibility to invest in organic growth initiatives, pursue additional strategic acquisitions, pay down debt, and provide returns to stockholders through dividends and opportunistic stock repurchases."

The Company funded dividends of $9.2 million during the first quarter, reflecting an increased dividend of $0.15 per share, and recently announced a similar $0.15 per share dividend that will be payable in the second quarter of 2026.

Outlook

"Demand for our products and our aftermarket offerings remains strong," noted Sherman. "With our better-than-expected first quarter performance, our current backlog, and continued execution against our strategic initiatives, we are raising our full-year adjusted EPS* outlook to a new range of $4.80 to $5.05, from the prior range of $4.50 to $4.80. We are also increasing our full-year net sales outlook to a new range of between $2.57 billion and $2.66 billion, from the prior range of between $2.55 billion and $2.65 billion."

CONFERENCE CALL

Federal Signal will host its first quarter conference call on Wednesday, April 29, 2026 at 10:00 a.m. Eastern Time. The call will last approximately one hour. The call may be accessed over the internet through Federal Signal's website at www.federalsignal.com or by dialing phone number 1-877-704-4453 and entering the pin number 13760128. A replay will be available on Federal Signal's website shortly after the call.

About Federal Signal

Federal Signal Corporation (NYSE: FSS) builds and delivers equipment of unmatched quality that moves material, cleans infrastructure, and protects the communities where we work and live. Founded in 1901, Federal Signal is a leading global designer, manufacturer and supplier of products and total solutions that serve municipal, governmental, industrial, and commercial customers. Headquartered in Downers Grove, Ill., with manufacturing facilities worldwide, the Company operates two groups: Environmental Solutions and Safety and Security Systems. For more information on Federal Signal, visit: www.federalsignal.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

This release contains unaudited financial information and various forward-looking statements as of the date hereof and we undertake no obligation to update these forward-looking statements regardless of new developments or otherwise. Statements in this release that are not historical are forward-looking statements. Forward looking statements should not be relied upon as a predictor of actual results. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include but are not limited to: economic and political uncertainty, risks and adverse economic effects associated with geopolitical conflicts including tariffs and other trade conflicts, legal and regulatory developments, foreign currency exchange rate changes, inflationary pressures, product and price competition, supply chain disruptions, availability and pricing of raw materials, interest rate changes, risks associated with acquisitions such as integration of operations and achieving anticipated revenue and cost benefits, work stoppages, increases in pension funding requirements, cybersecurity risks, increased legal expenses and litigation results, and other risks and uncertainties described in filings with the Securities and Exchange Commission.

* Adjusted earnings per share ("EPS") is a non-GAAP measure, which includes certain adjustments to reported GAAP net income and diluted EPS. In the three months ended March 31, 2026 and 2025, we made adjustments to exclude the impact of acquisition and integration-related expenses, net, and purchase accounting effects, where applicable. In prior years, we have also made adjustments to exclude the impact of pension-related charges, debt settlement charges, special tax items, and certain other unusual or non-recurring items. Should any similar items occur in the remainder of 2026, we would expect to exclude them from the determination of adjusted EPS. However, because of the underlying uncertainty in quantifying amounts which may not yet be known, a reconciliation of our Adjusted EPS outlook to the most applicable GAAP measure is excluded based on the unreasonable efforts exception in Item 10(e)(1)(i)(B).

FEDERAL SIGNAL CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

Three Months Ended March 31,

(in millions, except per share data)

2026

2025

Net sales

$    625.6

$    463.8

Cost of sales

446.2

333.0

Gross profit

179.4

130.8

Selling, engineering, general and administrative expenses

72.0

60.2

Amortization expense

6.5

4.3

Acquisition and integration-related expenses, net

1.2

0.6

Operating income

99.7

65.7

Interest expense, net

6.9

3.0

Other expense, net

0.6

0.7

Income before income taxes

92.2

62.0

Income tax expense

21.8

15.7

Net income

$      70.4

$      46.3

Earnings per share:

Basic

$      1.16

$      0.76

Diluted

$      1.14

$      0.75

Weighted average common shares outstanding:

Basic

60.9

61.1

Diluted

61.5

61.8

Cash dividends declared per common share

$      0.15

$      0.14

Operating data:

Operating margin

15.9 %

14.2 %

Adjusted EBITDA

$    126.3

$      85.1

Adjusted EBITDA margin

20.2 %

18.3 %

Total orders

$    622.8

$    567.9

Backlog

1,037.5

1,102.0

Depreciation and amortization

23.8

18.7

FEDERAL SIGNAL CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

March 31,
2026

December 31,
2025

(in millions, except per share data)

(Unaudited)

ASSETS

Current assets:

Cash and cash equivalents

$       71.4

$       63.7

Accounts receivable, net of allowances for doubtful accounts of $2.9 and $2.8, respectively

310.1

292.2

Inventories

477.8

471.6

Prepaid expenses and other current assets

17.5

26.3

Total current assets

876.8

853.8

Properties and equipment, net of accumulated depreciation of $215.1 and $208.0, respectively

287.2

274.6

Rental equipment, net of accumulated depreciation of $71.4 and $69.2, respectively

210.0

202.7

Operating lease right-of-use assets

29.9

28.4

Goodwill

626.8

619.8

Intangible assets, net of accumulated amortization of $110.3 and $104.2, respectively

393.9

382.9

Deferred tax assets

9.9

10.1

Deferred charges and other long-term assets

19.9

20.3

Total assets

$    2,454.4

$    2,392.6

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Current portion of long-term borrowings and finance lease obligations

$         3.0

$         0.5

Accounts payable

115.8

98.0

Customer deposits

66.3

47.7

Accrued liabilities:

Compensation and withholding taxes

38.4

52.3

Current operating lease liabilities

8.1

7.9

Contingent consideration

4.1

15.0

Other current liabilities

72.5

61.0

Total current liabilities

308.2

282.4

Long-term borrowings and finance lease obligations

548.6

564.6

Long-term operating lease liabilities

23.1

21.6

Long-term pension and other post-retirement benefit liabilities

41.9

43.1

Deferred tax liabilities

74.2

71.9

Other long-term liabilities

23.9

27.0

Total liabilities

1,019.9

1,010.6

Stockholders' equity:

Common stock, $1 par value per share, 90.0 shares authorized, 71.0 and 70.8 shares issued, respectively

71.0

70.8

Capital in excess of par value

333.9

330.4

Retained earnings

1,376.5

1,315.3

Treasury stock, at cost, 10.0 and 9.9 shares, respectively

(272.5)

(263.5)

Accumulated other comprehensive loss

(74.4)

(71.0)

Total stockholders' equity

1,434.5

1,382.0

Total liabilities and stockholders' equity

$    2,454.4

$    2,392.6

FEDERAL SIGNAL CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

Three Months Ended

March 31,

(in millions)

2026

2025

Operating activities:

Net income

$      70.4

$      46.3

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

23.8

18.7

Stock-based compensation expense

2.7

2.4

Changes in fair value of contingent consideration

0.2

—

Payments for acquisition-related activity

(3.5)

—

Deferred income taxes

2.3

0.7

Changes in operating assets and liabilities

5.4

(31.4)

Net cash provided by operating activities

101.3

36.7

Investing activities:

Purchases of properties and equipment

(6.7)

(5.6)

Payments for acquisition-related activity, net of cash acquired

(44.9)

(82.1)

Net cash used for investing activities

(51.6)

(87.7)

Financing activities:

(Decrease) increase in revolving lines of credit, net

(12.8)

64.2

Purchases of treasury stock

—

(18.5)

Redemptions of common stock to satisfy withholding taxes related to stock-based compensation

(8.2)

(8.6)

Payments for acquisition-related activity

(11.5)

—

Cash dividends paid to stockholders

(9.2)

(8.6)

Proceeds from stock-based compensation activity

0.1

—

Other, net

(0.1)

(11.6)

Net cash (used for) provided by financing activities

(41.7)

16.9

Effects of foreign exchange rate changes on cash and cash equivalents

(0.3)

0.5

Increase (decrease) in cash and cash equivalents

7.7

(33.6)

Cash and cash equivalents at beginning of year

63.7

91.1

Cash and cash equivalents at end of period

$      71.4

$      57.5

FEDERAL SIGNAL CORPORATION AND SUBSIDIARIES

GROUP RESULTS (Unaudited)

The following tables summarize group operating results as of and for the three months ended March 31, 2026 and 2025:

Environmental Solutions Group

Three Months Ended March 31,

($ in millions)

2026

2025

Change

Net sales

$    532.7

$    387.4

$    145.3

Operating income

89.1

59.7

29.4

Adjusted EBITDA

113.3

77.5

35.8

Operating data:

Operating margin

16.7 %

15.4 %

1.3 %

Adjusted EBITDA margin

21.3 %

20.0 %

1.3 %

Total orders

$    534.3

$    480.1

$     54.2

Backlog

965.9

1,033.1

(67.2)

Depreciation and amortization

22.6

17.6

5.0

Safety and Security Systems Group

Three Months Ended March 31,

($ in millions)

2026

2025

Change

Net sales

$     92.9

$     76.4

$     16.5

Operating income

23.6

15.8

7.8

Adjusted EBITDA

24.7

16.8

7.9

Operating data:

Operating margin

25.4 %

20.7 %

4.7 %

Adjusted EBITDA margin

26.6 %

22.0 %

4.6 %

Total orders

$     88.5

$     87.8

$      0.7

Backlog

71.6

68.9

2.7

Depreciation and amortization

1.1

1.0

0.1

Corporate Expenses

Corporate operating expenses were $13.0 million and $9.8 million for the three months ended March 31, 2026 and 2025, respectively.

SEC REGULATION G NON-GAAP RECONCILIATION

The financial measures presented below are unaudited and are not in accordance with U.S. generally accepted accounting principles ("GAAP"). The non-GAAP financial information presented herein should be considered supplemental to, and not a substitute for, or superior to, financial measures calculated in accordance with GAAP. The Company has provided this supplemental information to investors, analysts, and other interested parties to enable them to perform additional analyses of operating results, to illustrate the results of operations giving effect to the non-GAAP adjustments shown in the reconciliations below, and to provide an additional measure of performance which management considers in operating the business.

Adjusted Net Income and Earnings Per Share ("EPS"):

The Company believes that modifying its 2026 and 2025 net income and diluted EPS provides additional measures to assist it in comparing its performance on a consistent basis for purposes of business decision making by removing the impact of certain items that management believes are not representative of its underlying performance and to improve the comparability of results across reporting periods. Adjusted net income and Adjusted EPS are both non-GAAP measures. During the three months ended March 31, 2026 and 2025 adjustments were made to reported GAAP net income and diluted EPS to exclude the impact of acquisition and integration-related expenses, net, and purchase accounting effects, where applicable.

Three Months Ended March 31,

(in millions)

2026

2025

Net income, as reported

$        70.4

$        46.3

Add:

Income tax expense

21.8

15.7

Income before income taxes

92.2

62.0

Add:

Acquisition and integration-related expenses, net

1.2

0.6

Purchase accounting effects (a)

1.8

0.3

Adjusted income before income taxes

95.2

62.9

Adjusted income tax expense (b)

(22.5)

(15.9)

Adjusted net income

$        72.7

$        47.0

Three Months Ended March 31,

(dollars per diluted share)

2026

2025

EPS, as reported

$        1.14

$        0.75

Add:

Income tax expense

0.36

0.25

Income before income taxes

1.50

1.00

Add:

Acquisition and integration-related expenses, net

0.02

0.01

Purchase accounting effects (a)

0.03

0.01

Adjusted income before income taxes

1.55

1.02

Adjusted income tax expense (b)

(0.37)

(0.26)

Adjusted EPS

$        1.18

$        0.76

(a)   

Purchase accounting effects in the three months ended March 31, 2026 and 2025 relate to adjustments to exclude the step-up in the valuation of inventory acquired in connection with acquisitions that was sold subsequent to the acquisition date and the depreciation of the step-up in the valuation of acquired rental equipment, where applicable. Such costs are included as a component of Cost of sales on the Condensed Consolidated Statements of Operations.

(b)   

Adjusted income tax expense for the three months ended March 31, 2026 and 2025 was recomputed after excluding the tax impacts of acquisition and integration-related expenses, net, and purchase accounting effects.

Adjusted EBITDA and Adjusted EBITDA Margin:

The Company uses adjusted EBITDA and the ratio of adjusted EBITDA to net sales ("adjusted EBITDA margin"), at both the consolidated and segment level, as additional measures to assist in comparing its performance on a consistent basis for purposes of business decision making by removing the impact of certain items that management believes are not representative of its underlying performance and to improve the comparability of results across reporting periods. We believe that investors use versions of these metrics in a similar manner. For these reasons, the Company believes that adjusted EBITDA and adjusted EBITDA margin, at both the consolidated and segment level, are meaningful metrics to investors in evaluating the Company's underlying financial performance.

Consolidated adjusted EBITDA is a non-GAAP measure that represents the total of net income, interest expense, net, acquisition and integration-related expenses, net, purchase accounting effects, other expense, net, income tax expense, and depreciation and amortization expense, as applicable. Consolidated adjusted EBITDA margin is a non-GAAP measure that represents the total of net income, interest expense, net, acquisition and integration-related expenses, net, purchase accounting effects, other expense, net, income tax expense, and depreciation and amortization expense, as applicable, divided by net sales for the applicable period(s).

Segment adjusted EBITDA is a non-GAAP measure that represents the total of segment operating income, acquisition and integration-related expenses, net, purchase accounting effects, and depreciation and amortization expense, as applicable. Segment adjusted EBITDA margin is a non-GAAP measure that represents the total of segment operating income, acquisition and integration-related expenses, net, purchase accounting effects, and depreciation and amortization expense, as applicable, divided by segment net sales for the applicable period(s). Segment operating income includes all revenues, costs, and expenses directly related to the segment involved. In determining segment operating income, neither corporate nor interest expenses are included. Segment depreciation and amortization expense relates to those assets, both tangible and intangible, that are utilized by the respective segment.

Other companies may use different methods to calculate adjusted EBITDA and adjusted EBITDA margin.

Consolidated

The following table summarizes the Company's consolidated adjusted EBITDA and adjusted EBITDA margin and reconciles net income to consolidated adjusted EBITDA for the three months ended March 31, 2026 and 2025:

Three Months Ended March 31,

($ in millions)

2026

2025

Net income

$      70.4

$      46.3

Add:

Interest expense, net

6.9

3.0

Acquisition and integration-related expenses, net

1.2

0.6

Purchase accounting effects *

1.6

0.1

Other expense, net

0.6

0.7

Income tax expense

21.8

15.7

Depreciation and amortization

23.8

18.7

Consolidated adjusted EBITDA

$    126.3

$      85.1

Net sales

$    625.6

$    463.8

Consolidated adjusted EBITDA margin

20.2 %

18.3 %

* Excludes purchase accounting expense effects included within depreciation and amortization of $0.2 million and $0.2 million for the three months ended March 31, 2026 and 2025, respectively.

Environmental Solutions Group

The following table summarizes the Environmental Solutions Group's adjusted EBITDA and adjusted EBITDA margin and reconciles operating income to adjusted EBITDA for the three months ended March 31, 2026 and 2025:

Three Months Ended March 31,

($ in millions)

2026

2025

Operating income

$      89.1

$      59.7

Add:

Acquisition and integration-related expenses, net

—

0.1

Purchase accounting effects *

1.6

0.1

Depreciation and amortization

22.6

17.6

Adjusted EBITDA

$    113.3

$      77.5

Net sales

$    532.7

$    387.4

Adjusted EBITDA margin

21.3 %

20.0 %

* Excludes purchase accounting expense effects included within depreciation and amortization of $0.2 million and $0.2 million for the three months ended March 31, 2026 and 2025, respectively.

Safety and Security Systems Group

The following table summarizes the Safety and Security Systems Group's adjusted EBITDA and adjusted EBITDA margin and reconciles operating income to adjusted EBITDA for the three months ended March 31, 2026 and 2025:

Three Months Ended March 31,

($ in millions)

2026

2025

Operating income

$      23.6

$      15.8

Add:

Depreciation and amortization

1.1

1.0

Adjusted EBITDA

$      24.7

$      16.8

Net sales

$      92.9

$      76.4

Adjusted EBITDA margin

26.6 %

22.0 %

SOURCE Federal Signal Corporation

Posted by Defense World Staff on Apr 29th, 2026

Comerica Bank decreased its position in shares of Federal Signal Corporation (NYSE:FSS – Free Report) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,577 shares of the conglomerate’s stock after selling 6,546 shares during the period. Comerica Bank owned 0.17% of Federal Signal worth $11,465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSS. Royal Bank of Canada raised its stake in Federal Signal by 3.5% during the 1st quarter. Royal Bank of Canada now owns 93,618 shares of the conglomerate’s stock worth $6,886,000 after acquiring an additional 3,153 shares during the period. AQR Capital Management LLC grew its holdings in Federal Signal by 10.9% during the 1st quarter. AQR Capital Management LLC now owns 35,702 shares of the conglomerate’s stock valued at $2,626,000 after buying an additional 3,520 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Federal Signal by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,822 shares of the conglomerate’s stock valued at $2,635,000 after buying an additional 1,594 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Federal Signal by 15.9% during the 1st quarter. NewEdge Advisors LLC now owns 1,838 shares of the conglomerate’s stock valued at $135,000 after buying an additional 252 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in Federal Signal during the 1st quarter valued at approximately $1,119,000. Institutional investors own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. KeyCorp raised shares of Federal Signal from a “sector weight” rating to an “overweight” rating and set a $130.00 price objective for the company in a report on Tuesday, March 10th. Finally, CJS Securities raised shares of Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price objective for the company in a report on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.75.

Read Our Latest Stock Report on Federal Signal

Federal Signal Stock Down 3.2% Shares of FSS opened at $111.96 on Wednesday. The company has a market cap of $6.82 billion, a PE ratio of 27.92, a P/E/G ratio of 1.75 and a beta of 1.33. The business has a fifty day moving average of $112.22 and a 200 day moving average of $113.45. Federal Signal Corporation has a 52-week low of $74.35 and a 52-week high of $132.89. The company has a quick ratio of 1.35, a current ratio of 3.02 and a debt-to-equity ratio of 0.41.

Federal Signal (NYSE:FSS – Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. The company had revenue of $597.10 million during the quarter, compared to the consensus estimate of $551.36 million. Federal Signal had a return on equity of 20.14% and a net margin of 11.31%.Federal Signal’s revenue was up 26.5% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. Federal Signal has set its FY 2026 guidance at 4.500-4.800 EPS. On average, sell-side analysts expect that Federal Signal Corporation will post 4.71 EPS for the current year.

Federal Signal Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a $0.15 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is currently 14.96%.

About Federal Signal (Free Report)

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.

Featured Articles Five stocks we like better than Federal Signal Want to see what other hedge funds are holding FSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Signal Corporation (NYSE:FSS – Free Report).

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Does Federal Signal (FSS) have what it takes to be a top stock pick for momentum investors? Let's find out.

For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Federal Signal (FSS - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.

Federal Signal is one of 101 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Federal Signal is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for FSS' full-year earnings has moved 7.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the most recent data, FSS has returned 5.2% so far this year. At the same time, Auto-Tires-Trucks stocks have lost an average of 1.4%. This shows that Federal Signal is outperforming its peers so far this year.

Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is NIO Inc. (NIO - Free Report) . The stock has returned 28.2% year-to-date.

Over the past three months, NIO Inc.'s consensus EPS estimate for the current year has increased 52.3%. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Federal Signal belongs to the Automotive - Domestic industry, which includes 16 individual stocks and currently sits at #161 in the Zacks Industry Rank. On average, stocks in this group have gained 0.1% this year, meaning that FSS is performing better in terms of year-to-date returns.

On the other hand, NIO Inc. belongs to the Automotive - Foreign industry. This 23-stock industry is currently ranked #173. The industry has moved -12.6% year to date.

Investors with an interest in Auto-Tires-Trucks stocks should continue to track Federal Signal and NIO Inc.. These stocks will be looking to continue their solid performance.

For the quarter ended April 2026, PVH (PVH - Free Report) reported revenue of $2.03 billion, up 2.1% over the same period last year. EPS came in at $2.01, compared to $2.30 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $2 billion, representing a surprise of +1.38%. The company delivered an EPS surprise of +11.87%, with the consensus EPS estimate being $1.80.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how PVH performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenue by Segment- Americas: $602.9 million versus $606.94 million estimated by two analysts on average.Revenue by Segment- Asia-Pacific (APAC): $387 million versus $358.8 million estimated by two analysts on average.Revenue by Segment- Europe, the Middle East and Africa (EMEA): $946.1 million compared to the $940.26 million average estimate based on two analysts.Revenue by Segment- Licensing: $89.1 million versus $91.01 million estimated by two analysts on average.View all Key Company Metrics for PVH here>>>

Shares of PVH have returned +10.1% over the past month versus the Zacks S&P 500 composite's +5.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF, FRA:Z620) is stepping up its push into an underexplored onshore oil block in southeastern Türkiye,...

The Calvin Klein parent cuts its full-year revenue guidance, citing the conflict in the Middle East.

PVH Corp. is a stock to watch around its earnings release, considering how sensitive its price tends to be at the time. The company's Q1 2026 results released post-market yesterday, however, might not be as much of an event considering the mixed numbers. PVH showed better performance in reported than non-GAAP terms and reduced revenue guidance while keeping profits forecast steady.

Fineqia International Senior Associate Matteo Greco joined Steve Darling from Proactive to discuss the latest trends in cryptocurrency exchange-traded products (ETPs), the growing divergence between digital asset markets and traditional financial markets, and the factors that could drive heightened volatility in the months ahead.

Greco highlighted an unusual market dynamic that has emerged since late 2025. While major equity benchmarks such as the S&P 500 and Nasdaq have continued to reach record highs, cryptocurrency markets have generally struggled to maintain upward momentum, resulting in a notable disconnect between digital assets and broader risk markets.

According to Greco, this divergence stands in contrast to the pattern investors became accustomed to over the past several years, particularly following the approval and launch of spot cryptocurrency exchange-traded funds in the United States. Historically, digital assets often moved in tandem with broader growth-oriented investments, making the current separation between equities and cryptocurrencies particularly noteworthy.

One factor contributing to the divergence, Greco suggested, is the concentrated influence of artificial intelligence-related companies within major stock indices. A relatively small number of large-cap technology firms have been responsible for a significant portion of the gains seen across broader equity markets. As a result, headline index performance may not fully reflect conditions across the wider economy or investment landscape.

The discussion also focused on Fineqia’s latest May Crypto ETP report, which examined investment flows and performance trends across digital asset products. Greco explained that Bitcoin ETPs largely mirrored the performance of Bitcoin itself during the reporting period, with relatively balanced fund flows and limited net inflows or outflows. This suggests investors have generally maintained existing exposure while awaiting clearer market catalysts.

Ethereum, however, experienced a more challenging environment. Both Ethereum’s price performance and associated ETP flows lagged behind Bitcoin during 2026, reflecting weaker investor sentiment and a more cautious approach toward the second-largest cryptocurrency by market capitalization.
Despite the softer performance of the largest digital assets, Greco pointed to encouraging developments within segments of the altcoin market. Several alternative cryptocurrencies delivered stronger-than-expected returns and attracted increasing investor interest. He described recent market activity as resembling a modest "alt season," where smaller digital assets outperform larger cryptocurrencies and generate increased trading activity.

Looking ahead, Greco believes volatility is likely to remain elevated across both crypto and traditional financial markets. He noted that investors continue to face uncertainty surrounding monetary policy decisions, inflation trends, energy prices, and geopolitical developments, all of which have the potential to influence capital flows and risk sentiment.

#proactiveinvestors #fineqiainternationalinc #cse #fnq #otc #fnqqf #DigitalAssets #CryptoStrategy #ETP #Cryptocurrency #Bitcoin #Ethereum #CryptoETP #DigitalAssets #Blockchain #CryptoMarkets #ArtificialIntelligence #Investing

PVH Corp. beats Q1 estimates as DTC revenues rise 6% Y/Y; Calvin Klein and Tommy Hilfiger momentum holds even as FY26 revenue view eases.

Shares of PVH Corp. came under heavy pressure after the apparel company lowered its full-year revenue outlook, with analysts warning that the latest update could lead to additional estimate cuts despite better-than-expected quarterly earnings.

The owner of the Tommy Hilfiger and Calvin Klein brands saw its stock fall more than 22%, putting the shares on track for their steepest one-day decline in more than two years.

The selloff followed the company's decision to reduce its fiscal 2026 revenue outlook, citing the ongoing effects of the conflict in the Middle East on consumer demand across Europe, the Middle East and Africa (EMEA).

PVH now expects revenue for the fiscal year to be roughly flat, compared with its previous expectation for slight growth.

Analysts surveyed by FactSet had been forecasting growth of approximately 0.8%.

Chief Executive Officer Stefan Larsson said the company was "balancing two opposing forces: on one side, the increasing brand and business momentum we are driving in both Calvin and TOMMY, and on the other, the prolonged effects of the Middle East conflict."

The weaker outlook largely eclipsed what was otherwise a stronger-than-expected first quarter.

PVH reported adjusted earnings per share of $2.01, ahead of analyst expectations of $1.82. Revenue rose 2% to $2 billion, topping estimates of roughly $2 billion.

For the second quarter, however, the company forecast revenue would decline between 4% and 5%, compared with Wall Street expectations for a 1% decline.

PVH maintained its full-year adjusted earnings guidance of $11.80 to $12.10 per share. The outlook includes an estimated benefit of approximately $1.50 per share from tariff refunds.

According to the company, the prolonged Middle East conflict has offset roughly $100 million in gains from those tariff refunds by weighing on consumers in the EMEA region.

The region is particularly important for PVH, accounting for about 47% of first-quarter sales, a significantly larger contribution than for several of its apparel industry peers.

Following the earnings release, Evercore ISI downgraded PVH to In Line from Outperform and lowered its price target to $79 from $95.

According to TheFly, analyst Michael Binetti described the company's first-quarter report as a "low quality update" and said it exposed PVH to the risk of further negative estimate revisions during the second half of the year.

Evercore also noted that PVH is the only company in its coverage universe to include a one-time benefit from tariff refunds in its fiscal 2026 guidance.

The firm argued that without that benefit, the company would struggle to maintain its current margin and earnings outlook.

Needham also reduced its price target on the stock, lowering it to $102 from $107 while maintaining a Buy rating.

The brokerage said first-quarter earnings exceeded the company's own guidance primarily because of interest and tax benefits and lowered its fiscal 2027 earnings estimate to $12.80 per share from $13.40.

Long-term optimism remainsDespite the more cautious near-term outlook, not all analysts have turned negative on the stock.

UBS reiterated its Buy rating and maintained a $130 price target, citing confidence in PVH's brand portfolio, strategic direction and financial position.

The differing analyst views reflect the debate surrounding the company.

While the latest guidance cut has raised concerns about the impact of geopolitical uncertainty on consumer spending, some investors continue to see value in the long-term strength of the Tommy Hilfiger and Calvin Klein franchises.

For now, however, the market appears focused on slowing sales growth and the possibility that earnings expectations could face additional pressure in the months ahead.

Shares of PVH Corp (PVH +1.06%) sank on Thursday after the fashion conglomerate warned of a downturn in one of its major international segments.

Image source: Getty Images.

Mixed Q1 results The parent company of Calvin Klein and Tommy Hilfiger reported a 2% year-over-year rise in revenue to $2 billion in its fiscal first quarter, which ended on May 3. However, excluding the effects of foreign currency fluctuations, PVH's sales declined by 2%.

Notably, PVH grew its direct-to-consumer revenue by 6% (and 3% on a constant-currency basis). Sales at its owned-and-operated stores and websites climbed 5% and 11%, respectively.

Conversely, the company's wholesale revenue was flat and declined 6% on a constant-currency basis.

Today's Change

(

1.06

%) $

0.87

Current Price

$

82.68

All told, PVH's adjusted operating income fell to $131 million from $160 million in the year-ago quarter, as its operating margin decreased to 6.5% from 8.1%. Higher marketing and other brand-building costs contributed to the declines.

PVH's adjusted earnings per share, in turn, dropped 12.6% to $2.01.

A cautious outlook Investors appeared more concerned about management's guidance. PVH warned that ongoing tensions in the Middle East would weigh on its sales. The company expects revenue to fall by 3% to 4% in the second quarter, driven by a downturn in its Europe, the Middle East, and Africa (EMEA) division.

"As we look forward, we are balancing two opposing forces: on one side, the increasing brand and business momentum we are driving in both Calvin and TOMMY, and on the other, the prolonged effects of the Middle East conflict, which is putting pressure on the consumer in EMEA," CEO Stefan Larsson said.

Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Choosing between PVH (PVH +1.06%) and Tapestry (TPR +1.27%) requires balancing raw brand power against financial efficiency. Both companies aim to dominate the closet, but their paths to investor returns look very different.

PVH thrives on high-volume global apparel staples, while Tapestry focuses on the higher-margin accessible luxury market. While they both navigate a shifting retail landscape, investors often compare them to determine whether a deep-value play or a growth-oriented luxury leader is the better long-term fit.

The case for PVHPVH operates as a massive global force in the apparel stocks space, primarily through its control of the Tommy Hilfiger and Calvin Klein brands. These labels reach consumers across 40 countries using a mix of department store wholesale, company-owned retail locations, and a growing digital presence. While the company relies on diverse revenue streams, its five largest customers accounted for approximately 16.6% of total revenue in 2025, though no single customer represented more than 5% of sales.

In FY 2025, revenue reached nearly $9.0 billion, which represents a year-over-year increase of roughly 3.4% compared to the previous year. Despite this top-line growth, the company reported a net income of approximately $25.3 million, a significant decline from the $598.5 million earned in fiscal 2024. This sharp drop resulted in a net margin, which is the percentage of revenue left as profit after all expenses, of just 0.3% for the most recent fiscal year.

As of its February 2026 balance sheet, the debt-to-equity ratio is roughly 0.9x. This ratio compares total debt to shareholder equity, and a level below 1.0x suggests the company is not overly reliant on borrowed funds. The current ratio stands at approximately 1.5x, meaning the company has $1.50 in short-term assets for every $1.00 in liabilities. Free cash flow, which is cash from operations minus capital expenditures, was close to $538.4 million during the 2025 fiscal period.

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The case for TapestryTapestry positions itself as a premier house of brands, anchored by the iconic Coach name and the Kate Spade New York label. The company operates a sophisticated direct-to-consumer model, with Coach alone running over 900 stores globally to maintain high levels of brand control. Wholesale accounts for only about 13% of total net sales, and no individual customer accounts for more than 10% of sales in any segment, reducing the risk of relying on a single retail partner.

During FY 2025, Tapestry generated revenue of approximately $7.0 billion, marking a 5.1% increase over the prior year. Net income for the period was roughly $183.2 million, which represents a decline from the $816.0 million reported in fiscal 2024. This resulted in a net margin of about 2.6%, suggesting the company faced higher costs or unique charges even as its total sales grew throughout the year.

As of its June 2025 balance sheet, the debt-to-equity ratio was roughly 4.5x. This figure indicates that total liabilities exceed the value of shareholder equity, reflecting a higher level of leverage than its peer. However, the current ratio of nearly 1.9x indicates a healthy ability to cover short-term debts with current assets. Free cash flow, calculated as cash from operations after subtracting capital spending, reached approximately $1.1 billion in FY 2025.

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Risk profile comparisonPVH faces substantial geopolitical hurdles, specifically after being placed on China's Unreliable Entities List, which could lead to fines or import restrictions in a critical market. The business is also highly dependent on the continued prestige of its two main brands, meaning any shift in consumer taste could hurt sales. Additionally, PVH relies on third-party manufacturers like G-III Apparel Group, which introduces risks related to supply chain stability and quality control.

Tapestry is heavily concentrated in Southeast Asian manufacturing, making it vulnerable to trade policy changes or regional instability in countries like Vietnam and India. The company also relies on a small number of fulfillment centers in the United States, so a localized disaster could halt deliveries for the entire brand. Furthermore, Tapestry faces intense competition from other luxury players like Capri Holdings, and any failure to maintain its prestige image could drive shoppers toward rival labels.

Valuation comparisonPVH offers a much lower P/S ratio than Tapestry, which currently trades at a significantly higher Forward P/E relative to future earnings estimates.

MetricPVHTapestrySector BenchmarkForward P/E6.4x20.1x29.5xP/S ratio0.4x4.0xn/aSector benchmark uses the SPDR XLY sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

I'd go with Tapestry. The fashion industry is a tough place to be right now, with tariffs, shifting consumer spending, and geopolitical headwinds making life difficult for everyone selling clothes and accessories. But within that challenging backdrop, Tapestry's Coach brand is experiencing explosive growth. It’s adding millions of new customers and growing at a rate that keeps pushing management to raise its full-year outlook. In a sector full of headwinds, that's a pretty encouraging sign.

Although PVH owns two iconic brands in Calvin Klein and Tommy Hilfiger, the story with this stock right now is one of managing headwinds rather than capitalizing on tailwinds. Tariffs alone are a significant drag on the year, and the situation in China adds a layer of real uncertainty that I don’t like. With roughly a fifth of its suppliers and factories based in China, that's not a risk that goes away quietly.

Tapestry isn't without its own challenges, especially with the Kate Spade brand still in turnaround mode. But when one brand is firing the way Coach is right now, it could be the kind of engine that can carries a portfolio. As a patient, long-term investor, Coach's momentum is the more comfortable bet for me.

Investors need to pay close attention to PVH stock based on the movements in the options market lately.

AREX Capital Management, LP sold 251,536 shares of NCR Voyix; estimated transaction value of $2.73 million based on quarterly average pricing. The quarter-end position value fell by $3.44 million.

ATLANTA--(BUSINESS WIRE)--NCR Voyix (NYSE: VYX) today announced it has reached an agreement to sell its bank technology solutions business in Japan, operated by NCR Commerce Japan Ltd., to NTT DATA, a trusted global business and technology services leader headquartered in Tokyo. The transaction is expected to close by the end of 2026. The business has supported financial institution clients in Japan for many years, delivering specialized technology and mission‑critical services including foreig.

ATLANTA--(BUSINESS WIRE)--NCR Voyix Corporation (NYSE: VYX), a platform-powered leader in unified commerce for shopping and dining, will report financial results for the first quarter 2026 before the market opens on Thursday, May 7, 2026. The NCR Voyix management team will host a conference call at 8:00 a.m., ET, on May 7, 2026 to discuss the financial results. Conference Call Details Date and time: May 7, 2026 | 8:00 a.m., ET Dial-In Number: +1 (800) 715-9871 (Toll free) | +1 (646) 307-1963 (T.

The market expects NCR Voyix (VYX - Free Report) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis maker of ATMs and other hardware and software to handle payments is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of -11.1%.

Revenues are expected to be $591.5 million, down 4.1% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 13.33% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for NCR Voyix?For NCR Voyix, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -46.67%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that NCR Voyix will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that NCR Voyix would post earnings of $0.29 per share when it actually produced earnings of $0.31, delivering a surprise of +6.90%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

NCR Voyix doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAnother stock from the Zacks Computer - Integrated Systems industry, Advanced Micro Devices (AMD - Free Report) , is soon expected to post earnings of $1.3 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +35.4%. Revenues for the quarter are expected to be $9.84 billion, up 32.3% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Advanced Micro has been revised 1.8% up to the current level. Nevertheless, the company now has an Earnings ESP of +5.02%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that Advanced Micro will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.