Federal Signal (FSS) Tops Q2 EPS by 3c, Raises FY EPS Outlook

Federal Signal (NYSE: FSS) reported Q2 EPS of $0.23, $0.03 better than the analyst estimate of $0.20. Revenue for the quarter came in at $224 million versus the consensus estimate of $206.53 million.

GUIDANCE:

Federal Signal sees FY2017 EPS of $0.77-$0.80, versus the consensus of $0.77.

• "Our second quarter performance provides us with increased confidence in our full-year outlook," Sherman noted. "While our municipal markets continue to be steady overall, we have seen some recent deferrals of larger orders of street sweepers and public safety products, which we believe to be temporary. With the growth in organic orders experienced in the first half of the year contributing to a strong backlog for vacuum trucks and sewer cleaners, and up to $0.03 of accretion currently expected from TBEI, we are raising our full-year 2017 adjusted EPS outlook to a new range of $0.77 to $0.80, from a range of $0.70 to $0.78."

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

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