Federal Signal Earnings: Everything You Must Know Now
Federal Signal Corp. (NYSE:FSS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Federal Signal Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 300% to $0.12 in the quarter versus EPS of $0.03 in the year-earlier quarter.
Revenue: Decreased 11.04% to $199.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Federal Signal Corp. reported adjusted EPS income of $0.12 per share. By that measure, the company beat the mean analyst estimate of $0.10. It beat the average revenue estimate of $199.57 million.
Quoting Management: Dennis J. Martin, President and Chief Executive Officer, stated, “Our long-term trend of expanding margins continued in the first quarter as the Company delivered 6.1% operating income margin, led by the Environmental Solutions Group. This performance marked a significant improvement over the prior year period. We are pleased with the 12% reduction in interest expense during the first quarter versus the prior year period, and the increased interest savings we will experience throughout 2013 and beyond as a result of our successfully completed refinancing.”
Key Stats (on next page)…