Federal Signal Raises FY23 Adjusted EPS Outlook To $2.21 To $2.43 (Prior $2.15 To $2.40) Vs $2.29 Estimate; Sees Net Sales Of $1.62B To $1.72B (Prior $1.58B-$1.72B) Vs $1.64B Estimate

Author: Benzinga Newsdesk | May 02, 2023 08:10am

"Demand for our products and our aftermarket offerings remains at unprecedented levels, with both our orders and backlog this quarter again setting new Company records," noted Sherman. "With our first quarter performance, our record backlog and improving supply chain conditions, we are raising our full-year adjusted EPS* outlook to a new range of $2.21 to $2.43, from the prior range of $2.15 to $2.40. We are also increasing the low end of our full-year net sales outlook range by $40 million, establishing a new range of $1.62 billion to $1.72 billion."

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