Federal Signal Earnings: Everything You Must Know Now

Federal Signal Corp. (NYSE:FSS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Federal Signal Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 53.33% to $0.23 in the quarter versus EPS of $0.15 in the year-earlier quarter.

Revenue: Rose 8.9% to $222.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Federal Signal Corp. reported adjusted EPS income of $0.23 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $208.8 million.

Quoting Management: “This was a very strong quarter, with both our Environmental Solutions Group and our Fire Rescue Group performing nicely,” said Dennis J. Martin, President and Chief Executive Officer. “Sales increased and operating margin expanded to 8.2%. This is also our first full quarter benefiting from our debt refinancing, which helped reduce interest expense by 62% compared to our first quarter this year.”

Key Stats (on next page)…

Revenue increased 11.41% from $199.8 million in the previous quarter. EPS increased 91.67% from $0.12 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.14 and has not changed. For the current year, the average estimate has moved up from a profit of $0.56 to a profit of $0.59 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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