Federal Signal Reports First Quarter Results Including Double-Digit Sales and Earnings Growth, Record Orders and Backlog; Raises Full-Year Outlook
Net income for the first quarter was $27.4 million, or $0.45 per diluted share, compared to $20.5 million, or $0.33 per diluted share, in the prior-year quarter.
- Net income for the first quarter was $27.4 million, or $0.45 per diluted share, compared to $20.5 million, or $0.33 per diluted share, in the prior-year quarter.
- In the Environmental Solutions Group, net sales for the first quarter were $319 million, up $45 million, or 16%, compared to the prior-year quarter.
- In the Safety and Security Systems Group, net sales were $67 million, up $11 million, or 19%, compared to the prior-year quarter.
- Consolidated operating income for the first quarter was $39.5 million, up $11.0 million, or 39%, compared to the prior-year quarter.