Federal Signal (FSS) Reports In-Line Q4 EPS

Federal Signal (NYSE: FSS) reported Q4 EPS of $0.16, in-line with the analyst estimate of $0.16. Revenue for the quarter came in at $165.3 million versus the consensus estimate of $189.8 million.

Outlook

"We are excited about our strategic initiatives, which position us well to benefit as our markets strengthen, and we are cautiously optimistic about the near-term economic outlook," Sherman continued. "For the full-year 2017, we expect solid top-line growth and year-over-year earnings improvement. The first quarter is likely to be soft as a result of a less favorable backlog and stronger seasonal effects than a year ago. However, our municipal markets, which represent about 60% of our revenues, remain stable overall. In addition, since early December, we have seen a strong increase in U.S. industrial orders and sales opportunities which should benefit us beginning in the second quarter. With that, we expect adjusted earnings per share for the year to be between $0.70 and $0.78."

(Street sees FY EPS of $0.76)

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

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