Federal Signal Raises 2017 Adj. EPS Outlook - Quick Facts

(RTTNews) - Federal Signal Corp. (FSS) increased its full-year adjusted EPS outlook to a range of $0.79 to $0.82, from a range of $0.77 to $0.80. Jennifer Sherman, CEO, said: "Our third quarter performance was stronger than we anticipated, due in part to some earlier-than-expected deliveries. Our North American municipal markets continue to be steady overall, and sales into industrial markets have improved. Although we are still in early days, we are encouraged by TBEI's contributions to date."

The company reported adjusted net income from continuing operations for the third quarter of $14.4 million or $0.24 per share, compared to $10.5 million, or $0.17 per share, a year ago. Consolidated net sales for the third quarter were $248.7 million, up 33% from a year ago.