Federal Signal Corporation Finishes Strong Year with Q4 Operating Income up 44%
by Admin, on Mar 2, 2015 12:00:00 AM
Oak Brook, IL, March 2, 2015 — Federal Signal Corporation (NYSE:FSS), a leader in environmental and safety solutions, today reported results for the fourth quarter and year ended December 31, 2014.
Consolidated net sales for the fourth quarter were $264.4 million, up 20% versus the same quarter a year ago. Fourth quarter income from continuing operations was $23.2 million, equal to $0.36 per diluted share, compared to $26.7 million, or $0.42 per share, in the prior-year quarter.
Consolidated net sales for the year ended December 31, 2014 were $918.5 million, up 8% compared to the prior year. Income from continuing operations for the year was $63.0 million, equal to $0.99 per diluted share, compared to $160.2 million, or $2.53 per share, in the prior year.
The Company also reported adjusted net income from continuing operations for the fourth quarter of $19.3 million, equal to $0.30 per diluted share, up 32% compared to $14.6 million, or $0.23 per diluted share, in the same quarter a year ago. For the full year, adjusted net income from continuing operations was $59.1 million, equal to $0.93 per diluted share, an increase of 40% compared to $42.3 million, or $0.67 per diluted share, in the prior year.
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