Federal Signal (FSS) Tops Q1 EPS by 2c, Reaffirms FY 2017 Guidance

Federal Signal (NYSE: FSS) reported Q1 EPS of $0.14, $0.02 better than the analyst estimate of $0.12. Revenue for the quarter came in at $177.8 million versus the consensus estimate of $174.97 million.

GUIDANCE:

Federal Signal sees FY2017 EPS of $0.70-$0.78.

"When we issued our 2017 outlook in February, we indicated that our quarterly earnings in Q1 would be the softest of the year. We also noted the recent uptick in orders, including the increase in U.S. industrial orders since December of last year. These trends continued through the end of the first quarter,\" Sherman noted. \"While it is still early days, the first quarter order improvement gives us confidence in our full-year outlook. At this time, we are reaffirming our full-year 2017 adjusted EPS outlook of $0.70 to $0.78."

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

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