Federal Signal [FSS]
No date is written here that is not sourced. Where a date is not disclosed, the entry says so.
| catalyst | date | source / status | why it matters |
|---|---|---|---|
| Q2 2026 results and 10-Q | NOT YET FILED as of 2026-07-30 | Federal Signal's most recent EDGAR filing of any kind is an 8-K dated 2026-05-20. The FY2025 comparable 10-Q was filed 2025-07-30, the FY2024 comparable 2024-07-31. The event is imminent; the date is not disclosed and is not estimated here | The single most important observation on this name. It resolves whether Q1'26's 0.996 book-to-bill and −5.9% backlog were one hard comparison or a trend. It is also the first quarter with New Way, Kinloch and Mega all in for a full period |
| Q3 2026 results | not announced | FY2025 comparable 10-Q filed 2025-10-30 | second backlog observation |
| FY2026 10-K | not announced | FY2025 10-K filed 2026-02-25; FY2024 filed 2025-02-26 | annual orders, backlog and — if the pattern holds — the acquisition notes for Mega and any 2026 deals |
| New Way purchase-price allocation finalisation | within one year of 2025-11-25, i.e. by 2026-11-25 | 10-K: "The Company expects to finalize the valuation and complete the purchase price allocation as soon as practicable, but not more than one year from the acquisition date" | A disclosed deadline. Final PPA fixes the amortisation run-rate, which is 0.9% of revenue in the terminal-margin bridge |
| Mega purchase-price allocation finalisation | by 2027-01-16 | Q1'26 10-Q, same one-year language, acquisition closed 2026-01-16 | same |
| 2025 Credit Agreement maturity | 2030-10-29 | 10-K: "The 2025 Credit Agreement matures on October 29, 2030" | well beyond the thesis horizon. Covenant: consolidated total net leverage may not exceed 2.75:1.00 for an accordion expansion; current net debt / adjusted EBITDA is ~1.06x, so there is substantial acquisition capacity |
| FY2025 debt maturity ladder | 2026 $0.5m · 2027 $10.4m · 2028 $20.3m · 2029 $20.3m · 2030 $514.2m · thereafter $0.9m | 10-K maturity table at 2025-12-31 | no maturity wall inside the thesis horizon — $0.5m due in the next twelve months |