• GAAP EPS of $0.20 per share for the quarter and $0.64 for the year
• Adjusted EPS of $0.16 per share for the quarter and $0.69 for the year
• Cash returns to shareholders totaled $54.7 million for the year, up from $26.2 million last year
• 2017 EPS outlook of $0.70 to $0.78 per share, supported by recent uptick in U.S. industrial orders
Oak Brook, Illinois, February 28, 2017 — Federal Signal Corporation (NYSE:FSS), a leader in environmental and safety solutions, today reported results for the fourth quarter and year ended December 31, 2016.
Consolidated net sales for the fourth quarter were $176.1 million, down 6% versus the same quarter a year ago. Fourth quarter income from continuing operations was $12.1 million, equal to $0.20 per diluted share, compared to $17.4 million, or $0.27 per share, in the prior-year quarter. The Company also reported adjusted net income from continuing operations for the fourth quarter of $9.7 million, equal to $0.16 per diluted share, compared to $16.0 million, or $0.25 per share, in the same quarter a year ago.
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