Federal Signal's 2026 Q4 earnings analysis details New Way's and MEGA's contributions to net sales and adjusted EPS, highlighting incremental growth and EPS neutrality versus modest accretion.
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Please quantify quarterly 2026 net sales and adjusted EPS contribution expected from New Way and MEGA.
Federal Signal Corporation (FSS) completed acquisitions of New Way in Q4 2025 and MEGA in early January 2026. Below is a detailed quantification and financial impact analysis based on the available disclosures.
New Way:
MEGA:
New Way:
MEGA:
| Metric | New Way | MEGA |
|---|---|---|
| Prior Annual Net Sales | ~$250 million (2024) | ~$40 million (last 12 months) |
| Expected 2026 Sales Trend | Slightly lower or flat, offset by backlog transition and Canada expansion | Slight organic revenue growth |
| Approximate Sales Contribution (Annual) | Replacing $80 million third-party backlog plus incremental sales (exact net new likely modest in 2026) | ~ $40 million plus slight growth |
| Adjusted EPS Impact 2026 | Neutral (inclusive of amortization expense) | Modestly accretive |
| Synergies Target by 2028 | $15-20 million annually (50% cost, 50% revenue) | Included in synergy estimates, no separate figure provided |
| Quarterly EPS Contribution | Neutral in 2026; ramping after Q1 | Positive but modest and ramping |
References:
This analysis quantifies and contextualizes the financial contributions of New Way and MEGA to Federal Signal’s 2026 net sales and adjusted EPS forecast based on company disclosures.
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