Federal Signal Corporation has completed the acquisition of Scranton Manufacturing Company LLC d/b/a New Way Trucks, a leading U.S.-based designer and manufacturer of refuse collection vehicles.
The acquisition aims to leverage New Way's market position and reputation to enhance growth and value for customers and stockholders.
Following the acquisition, Federal Signal has raised its full-year 2025 net sales outlook to a new range of $2.12 billion to $2.16 billion.
Acquisition Completion
Federal Signal has finalized the acquisition of New Way Trucks, welcoming over 750 employees to its family.
Revenue Outlook Increase
The company raised its full-year 2025 net sales outlook post-acquisition.
EPS Outlook
Adjusted earnings per share for 2025 are expected to be in the range of $4.12 to $4.20.
Long-Term Value
The acquisition is projected to deliver long-term value through growth and margin enhancement.
- The completion of the New Way Trucks acquisition positions Federal Signal to strengthen its presence in the refuse collection vehicles market.
- The raised revenue outlook signifies confidence in the synergies and growth opportunities from the acquisition.
Federal Signal's acquisition of New Way Trucks marks a strategic move to expand its portfolio and drive long-term value for stakeholders.