Federal Signal Reports Second Quarter Results; Reinstates Full-Year Guidance
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Federal Signal (FSS) Tops Q2 EPS by 10c, Revenues Beat; Reinstates FY20 EPS Guidance Above Consensus
July 29, 2020 8:02 AM EDTFederal Signal (NYSE: FSS) reported Q2 EPS of $0.41, $0.10 better than the analyst estimate of $0.31. Revenue for the quarter came in at $270 million versus the consensus estimate of $264.33 million.
Second Quarter Highlights
Net sales of $270 million, with double-digit sequential improvement in average weekly sales in both May and JuneOperating margin of 11.6%Adjusted EBITDA margin of 16.8%, exceeding high end of target rangeGAAP EPS of $0.35Adjusted EPS of $0.42Generated operating cash flow of $60 million, a 73% improvement from last year; further strengthened financial position, with $74 million of cash and $245 million of credit... More