Federal Signal forecasts FY adjusted EPS of $5.20-$5.32, versus $5.23 estimate
FSS•Federal Signal forecast full-year adjusted EPS of $5.20-$5.32 and sales of $2.61 billion-$2.64 billion. Third-quarter sales were $655.5 million and adjusted EPS was $1.34.
1. Quarterly results and outlook
Federal Signal reported third-quarter sales of $655.5 million, below the $661.6 million estimate, and net income of $79.6 million. Adjusted EPS was $1.34, compared with the $1.32 estimate. The company forecast full-year sales of $2.61 billion-$2.64 billion, versus an estimate of $2.638 billion, and adjusted EPS of $5.20-$5.32, versus $5.23 expected. Federal Signal said demand for its products and aftermarket offerings remained strong overall.
