Federal Signal climbs on Q1 beat, raises 2023 outlook

Federal Signal

02/05/2023 17:02

** Shares of public safety products and systems maker Federal Signal Corp  FSS.N  up 1.8% at
$52.8
    ** Co reports Q1 sales of $385.5 mln, beating analysts' estimates of $370.66 mln - Refinitiv
    ** Q1 adj. profit of 46 cents/shr also ahead of est of 40 cents/shr
    ** FSS raises 2023 adj EPS forecast to $2.21 to $2.43 from prior range of $2.15 to $2.40
    ** Also raises low end of 2023 net sales forecast by $40 mln, providing a new range of $1.62
bln to $1.72 bln
    ** Stock up 13.5% YTD

 (Reporting by Richard Rohan Francis in Bengaluru)
 ((RichardRohan.Francis@thomsonreuters.com;))