Brief: Federal Signal Reports 30% Net Sales Growth In Fourth Quarter

Federal Signal

01/03/2023 15:06

March 1 (Reuters) - Federal Signal Corp  FSS.N :
    * FEDERAL SIGNAL COMPLETES RECORD YEAR WITH STRONG FOURTH
QUARTER
RESULTS, INCLUDING 30% NET SALES GROWTH, 55% INCREASE IN
OPERATING INCOME AND 40% IMPROVEMENT IN BACKLOG; ISSUES OUTLOOK
FOR 2023
    * SEES FY ADJUSTED EARNINGS PER SHARE $2.15 TO $2.40
    * Q4 ADJUSTED EARNINGS PER SHARE $0.57
    * Q4 GAAP EARNINGS PER SHARE $0.57
    * ANTICIPATING FULL-YEAR NET SALES OF BETWEEN $1.58 BILLION
AND
$1.72 BILLION
    * FOR FULL-YEAR, WE CURRENTLY EXPECT TO REPORT ADJUSTED EPS
OF
BETWEEN $2.15 AND $2.40 PER SHARE
    * SEES IN FY, DOUBLE-DIGIT IMPROVEMENT IN PRE-TAX EARNINGS
AND
EBITDA MARGIN PERFORMANCE TOWARDS UPPER END OF TARGET RANGE
    * RECORD Q4 NET SALES OF $392 MILLION, UP $90 MILLION, OR
30%,
FROM LAST YEAR
    * Q4 EARNINGS PER SHARE VIEW $0.56, REVENUE VIEW $379.7
MILLION --
REFINITIV IBES DATA
    * FY2023 REVENUE VIEW $1.56 BILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nPn7Qz1l7a 
Further company coverage:  FSS.N 

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