FSS - Federal Signal beats Q1 top and bottom line estimates; raises FY23 outlook
2023-05-02 08:14:00 ET
- Federal Signal press release ( NYSE: FSS ): Q1 Non-GAAP EPS of $0.46 beats by $0.06 .
- Revenue of $386M (+16.9% Y/Y) beats by $15.39M .
- Record quarterly orders of $475 million, up $22 million, or 5%, from last year.
- Record backlog of $968 million, up $216 million, or 29%, from last year.
- Outlook: Raises 2023 adjusted EPS outlook to a new range of $2.21 to $2.43, from the prior range of $2.15 to $2.40 vs. consensus of $2.29.
- Increases low end of 2023 net sales outlook range by $40 million; new range of $1.62 billion to $1.72 billion vs. consensus of $1.64B.
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Federal Signal beats Q1 top and bottom line estimates; raises FY23 outlook