Federal Signal Corporation (NYSE:FSS) Q2 2024 Earnings Conference Call July 25, 2024 10:00 AM ET
Company Participants
Felix Boeschen - VP, Corporate Strategy & IR
Ian Hudson - CFO
Jennifer Sherman - President & CEO
Conference Call Participants
Steve Barger - KeyBanc Capital Markets
Walt Liptak - Seaport Research
Chris Moore - CJS Securities
Mike Shlisky - D.A. Davidson
Greg Burns - Sidoti & Co.
Dave Storms - Stonegate
Operator
Greetings, and welcome to the Federal Signal Corporation's Second Quarter Earnings Conference Call. At this time all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Felix Boeschen, Vice President, Strategy, Investor Relations. Thank you, Felix. You may begin.
Felix Boeschen
Good morning and welcome to Federal Signal's Second Quarter 2024 Conference Call. I'm Felix Boeschen, the company's Vice President of Corporate Strategy and Investor Relations. Also with me on the call today is Jennifer Sherman, our President and Chief Executive Officer; and Ian Hudson, our Chief Financial Officer.
We will refer to some presentation slides today as well as to the earnings release, which we issued this morning. The slides can be followed online by going to our website, federalsignal.com, clicking on the Investor Call icon and signing into the webcast. We have also posted the slide presentation and the earnings release under the Investor tab on our website.
Before we begin, I'd like to remind you that some of our comments made today may contain forward-looking statements that are subject to the safe harbor language found in today's news release and in Federal Signal's filings with the Securities and Exchange Commission. These documents are available on our website. Our presentation also contains some measures that are not in accordance with US GAAP accounting principles. In our earnings release and filings, we reconcile these non-GAAP measures to GAAP measures. In addition, we will File our Form 10-Q later today.
Ian will start today by providing details on our second quarter financial results. Jennifer will then provide her perspective on our performance and update on our multi-year growth outlook and our updated guidance 2024. After our prepared comments, we will open the line for any questions.
With that, I’d now like to turn the call over to Ian.
Ian Hudson
Thank you Felix. Our consolidated second quarter financial results are provided in today's earnings release. In summary, we delivered strong financial results for the quarter with double-digit year-over-year organic net sales and earnings growth, gross margin expansion and a 280 basis point improvement in EBITDA margin. Consolidated net sales for the quarter were $490 million a record high for the company, and an increase of $48 million or 11% compared to last year. All of the growth this quarter was organic.