Federal Signal Corporation (FSS)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	450,200	427,400	392,500	365,000	344,900	315,700	303,800	295,600	288,700	297,200	298,900	287,600	293,600	299,200	308,600	327,300	322,800	313,300	300,300	290,500
Revenue (ttm)	US$ in thousands	1,722,700	1,665,800	1,565,800	1,490,100	1,434,800	1,344,700	1,296,600	1,264,600	1,213,200	1,206,600	1,188,100	1,123,500	1,130,800	1,150,400	1,179,400	1,233,600	1,221,300	1,186,300	1,146,900	1,113,600
Gross profit margin		26.13%	25.66%	25.07%	24.50%	24.04%	23.48%	23.43%	23.37%	23.80%	24.63%	25.16%	25.60%	25.96%	26.01%	26.17%	26.53%	26.43%	26.41%	26.18%	26.09%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $450,200K ÷ $1,722,700K
= 26.13%

The gross profit margin of Federal Signal Corp has shown a positive trend over the past eight quarters. The margin has gradually increased from 23.37% in Q1 2022 to 26.13% in Q4 2023. This indicates that the company has been able to effectively manage its production costs and maintain a healthy level of profitability on its sales. The consistent improvement in the gross profit margin reflects positively on the company's operational efficiency and overall financial performance.