02.11.2023 13:58:29
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Federal Signal Q3 Adj. Profit Rises, Organic Growth In Sales At 23%; Increases Outlook
(RTTNews) - Federal Signal Corp. (FSS) reported that its third quarter net income increased to $43.3 million from $31.8 million, prior year. EPS was $0.71, up 37%, from last year. Adjusted EPS was $0.71, up 34%, from last year. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.66, for the quarter. Analysts' estimates typically exclude special items.
Third quarter net sales were $446 million, up 29%, from last year. Organic growth was 23%, for the quarter. Orders were $450 million, up 18%. Analysts on average had estimated $437.48 million in revenue.
The company increased 2023 adjusted EPS outlook to a new range of $2.44 to $2.52, from the prior range of $2.30 to $2.46. The company also increased low end of 2023 net sales outlook range by $30 million, to a new range of $1.68 billion to $1.72 billion.
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Federal Signal Corp. | 94,15 | -1,79% |