Federal Signal completes New Way Trucks acquisition; raises 2025 net sales outlook
Federal Signal closed its acquisition of New Way Trucks on November 25, 2025, paying an initial $396 million plus $30 million for New Way's Iowa and Mississippi facilities and real estate rights, subject to adjustments. With the deal complete, the company raised its full-year 2025 net sales outlook to $2.12 billion to $2.16 billion and its adjusted EPS outlook to $4.12 to $4.20, though it expects the acquisition to be neutral to 2025 adjusted EPS.
Key points
- Initial purchase price of $396 million for New Way, plus $30 million for its manufacturing facilities and real estate rights, subject to closing and post-closing adjustments
- Acquisition completed November 25, 2025, under the Equity Purchase Agreement signed in September 2025
- Full-year 2025 net sales outlook raised to $2.12 billion to $2.16 billion, from $2.10 billion to $2.14 billion
- Full-year 2025 adjusted EPS outlook raised to $4.12 to $4.20, from $4.09 to $4.17; New Way backlog in excess of $100 million
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 01, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.