--- title: Federal Signal Corporation Reports First Quarter Earnings and Maintains Outlook for 2016 description: • GAAP earnings per share of $0.17 for the quarter, compared to $0.22 last year • Adjusted earnings per share of $0.19 for the quarter, compared to $0.22 last year • Completed sale of Bronto during the quarter; receiving initial proceeds of $82 million • $77 million of cash balances at the end of the quarter; bank debt fully repaid • Returned $20.6 million to shareholders, the --- [![Federal Signal](https://www.federalsignal.com/hs-fs/hubfs/logo-Fedsig-name.png?width=800&height=151&name=logo-Fedsig-name.png "Federal Signal")](https://federalsignal.com) [[![](https://www.federalsignal.com/hubfs/logo-Fedsig.svg)](https://www.federalsignal.com/) ![](https://www.federalsignal.com/hubfs/fed-sig-wordmark-tag-1.svg) ](https://www.federalsignal.com/home) ** [![CONTACT US](https://no-cache.hubspot.com/cta/default/6860826/f04eedbf-5b92-40a4-9443-0282f7e58ce0.png)](https://cta-redirect.hubspot.com/cta/redirect/6860826/f04eedbf-5b92-40a4-9443-0282f7e58ce0) ** ** [![Federal Signal](https://www.federalsignal.com/hs-fs/hubfs/logo-Fedsig-name.png?width=800&height=151&name=logo-Fedsig-name.png "Federal Signal")](https://federalsignal.com) ** [![CONTACT US](https://no-cache.hubspot.com/cta/default/6860826/f04eedbf-5b92-40a4-9443-0282f7e58ce0.png)](https://cta-redirect.hubspot.com/cta/redirect/6860826/f04eedbf-5b92-40a4-9443-0282f7e58ce0) ** ** [![Federal Signal](https://www.federalsignal.com/hs-fs/hubfs/logo-Fedsig-name.png?width=800&height=151&name=logo-Fedsig-name.png "Federal Signal")](https://federalsignal.com) ** [![CONTACT US](https://no-cache.hubspot.com/cta/default/6860826/f04eedbf-5b92-40a4-9443-0282f7e58ce0.png)](https://cta-redirect.hubspot.com/cta/redirect/6860826/f04eedbf-5b92-40a4-9443-0282f7e58ce0) ** ** Search **Menu** ** ** #### **[HOME](https://www.federalsignal.com)** [![CONTACT US](https://no-cache.hubspot.com/cta/default/6860826/f04eedbf-5b92-40a4-9443-0282f7e58ce0.png)](https://cta-redirect.hubspot.com/cta/redirect/6860826/f04eedbf-5b92-40a4-9443-0282f7e58ce0) [**Federal Signal News](https://www.federalsignal.com/fs-news) ### Federal Signal Corporation Reports First Quarter Earnings and Maintains Outlook for 2016 by [Admin](https://www.federalsignal.com/fs-news/author/admin), on May 3, 2016 12:00:00 AM • GAAP earnings per share of $0.17 for the quarter, compared to $0.22 last year • Adjusted earnings per share of $0.19 for the quarter, compared to $0.22 last year • Completed sale of Bronto during the quarter; receiving initial proceeds of $82 million • $77 million of cash balances at the end of the quarter; bank debt fully repaid • Returned $20.6 million to shareholders, the most in any quarter in nearly 15 years [View](https://www.federalsignal.com/hubfs/fss_2016-05-03_q1_2016_earnings_release.pdf) complete release Topics:[Investor news](https://www.federalsignal.com/fs-news/topic/investor-news)[earnings release](https://www.federalsignal.com/fs-news/topic/earnings-release) ## Comments ## Safe Harbor ### “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995 Information on our website may contain unaudited financial info and various forward-looking statements as of the date hereof and we undertake no obligation to update these forward-looking statements regardless of new developments or otherwise. Statements included in information on our website that are not historical are forward-looking statements. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include but are not limited to: economic and political uncertainty, risks and adverse economic effects associated with geopolitical conflicts, legal and regulatory developments, foreign currency exchange rate changes, inflationary pressures, product and price competition, supply chain disruptions, availability and pricing of raw materials, interest rate changes, risks associated with acquisitions such as integration of operations and achieving anticipated revenue and cost benefits, work stoppages, increases in pension funding requirements, cybersecurity risks, increased legal expenses and litigation results and other risks and uncertainties described in filings with the Securities and Exchange Commission. **Contact**: Ian Hudson, Chief Financial Officer, +1-630-954-2000, [IHudson@federalsignal.com](mailto:IHudson@federalsignal.com) [![logo-FederalSignal](https://www.federalsignal.com/hubfs/logo-Fedsig.svg "logo-FederalSignal")](https://www.federalsignal.com/home) 1333 Butterfield Road Suite 500 Downers Grove, IL 60515 [Contact Us](https://6860826.hs-sites.com/contact-us) Copyright © 2026 Federal Signal Corporation. All Rights Reserved. [Safe Harbor](https://www.federalsignal.com/fs-news/federal-signal-corporation-reports-first-quarter-earnings-and-maintains-outlook-2016#popup) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Admin", "url" : "https://www.federalsignal.com/fs-news/author/admin" }, "dateModified" : "2022-09-02T23:18:32.923Z", "datePublished" : "2016-05-03T05:00:00.000Z", "headline" : "Federal Signal Corporation Reports First Quarter Earnings and Maintains Outlook for 2016", "mainEntityOfPage" : { "@id" : "https://www.federalsignal.com/fs-news/federal-signal-corporation-reports-first-quarter-earnings-and-maintains-outlook-2016", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.federalsignal.com/hubfs/MRL%20Equipment/logos/federal_signal_logo_red.png" }, "name" : "Federal Signal" } } ```