Federal Signal (FSS) Tops Q1 EPS by 3c; Reaffirms Outlook

Federal Signal (NYSE: FSS) reported Q1 EPS of $0.19, $0.03 better than the analyst estimate of $0.16. Revenue for the quarter came in at $172.8 million versus the consensus estimate of $176.7 million.

Federal Signal reaffirmed FY2016 guidance of FY2016 EPS of $0.70-$0.80, versus the consensus of $0.78.

"Our first-quarter earnings met our expectations," said Jennifer L. Sherman, President and Chief Executive Officer. "Profitability declined as a result of lower sales, reflecting market conditions. Demand in our municipal markets remained steady, with particular strength in our public safety systems businesses that provide police lights and related products. On the other hand, the negative impacts from oil and gas have continued to depress incoming industrial order levels. We are executing plans to work through these headwinds while maintaining our long-term focus on profitable growth."

For earnings history and earnings-related data on Federal Signal (FSS) click here.

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