Federal Signal (FSS) Tops Q2 EPS by 10c, Revenues Beat; Reinstates FY20 EPS Guidance Above Consensus
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Federal Signal Reports Second Quarter Results; Reinstates Full-Year Guidance
July 29, 2020 8:00 AM EDTOAK BROOK, Ill., July 29, 2020 /PRNewswire/ -- Federal Signal Corporation (NYSE: FSS) (the "Company"), a leader in environmental and safety solutions, today reported results for the second quarter ended June 30, 2020.
Second Quarter Highlights
Net sales of $270 million, with double-digit sequential improvement in average weekly sales in both May and June Operating margin of 11.6% Adjusted EBITDA margin of 16.8%, exceeding high end of target range GAAP EPS of $0.35 Adjusted EPS of $0.42 Generated operating cash flow of $60 million, a 73% improvement from last year; further... More