Federal Signal reports Q4 adjusted EPS 87c, consensus 87c

Reports Q4 revenue $472M, consensus $481.9M. “Our record-setting fourth quarter performance represented a strong finish to a year in which we delivered the highest net sales and adjusted EPS in our history,” commented Jennifer L. Sherman, President and CEO. “Our results included fourth quarter records across consolidated net sales, adjusted EPS, and adjusted EBITDA margin, thanks to outstanding contributions from both of our groups. Within our Environmental Solutions Group, increased sales volumes, contributions from recent acquisitions, and strong price realization contributed to a 6% year-over-year net sales increase and a 130 basis point improvement in adjusted EBITDA margin. Our Safety and Security Systems Group also delivered impressive results, with top-line growth and a 40 basis point improvement in adjusted EBITDA margin.”