Federal Signal Raises Low End of Full-Year Outlook After Reporting 32% Increase in First Quarter Operating Income

by Admin, on May 2, 2019 12:00:00 AM

Oak Brook, Illinois, May 2, 2019 — Federal Signal Corporation (NYSE:FSS), a leader in environmental and safety solutions, today reported results for the first quarter ended March 31, 2019.

• Net sales of $274 million, up $24 million, or 10%, from last year

• Operating income of $25.8 million, up $6.2 million, or 32%, from last year

• GAAP EPS of $0.29, up $0.08, or 38%, from last year

• Adjusted EPS of $0.30, up $0.07, or 30%, from last year

• Record backlog of $364 million, up over $25 million, or 8%, from both last year and year-end

• Raising low end of 2019 adjusted EPS* outlook range by $0.02, establishing a new range of $1.50 to $1.60

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Federal Signal Raises Low End of Full-Year Outlook After Reporting 32% Increase in First Quarter Operating Income

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