DOWNERS GROVE, Ill., Nov. 26, 2025 /PRNewswire/ -- Federal Signal Corporation (NYSE: FSS) (the "Company"), a leader in environmental and safety solutions, today announced that it has completed the acquisition of Scranton Manufacturing Company LLC d/b/a New Way Trucks ("New Way"), a leading U.S.-based designer and manufacturer of refuse collection vehicles. The signing of the purchase agreement was previously announced on September 24, 2025.

"We are thrilled to complete the acquisition of New Way and officially welcome its more than 750 employees to the Federal Signal family," said Jennifer L. Sherman, President and Chief Executive Officer. "New Way's leading market position in automated side loaders and its strong reputation for quality and customer focus make it a natural fit within our Environmental Solutions Group. With a current backlog in excess of $100 million, New Way has visibility into the first half of next year. Longer term, we expect to leverage the power of our specialty vehicle platform, from 80/20 product optimization to aftermarket expansion, to accelerate growth, enhance margins, and deliver long-term value for our customers and stockholders. Following the completion of the acquisition, we are raising our full-year 2025 net sales outlook to a new range of $2.12 billion to $2.16 billion, from the prior range of $2.10 billion to $2.14 billion. Although we expect the New Way acquisition to be neutral to adjusted EPS* this year, we are also ...