DOWNERS GROVE, Ill. (AP) — DOWNERS GROVE, Ill. (AP) — Federal Signal Corp. (FSS) on Wednesday reported fourth-quarter net income of $60.8 million.
The Downers Grove, Illinois-based company said it had profit of 99 cents per share. Earnings, adjusted for one-time gains and costs, were $1.16 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The company that makes products ranging from street sweepers to toll booth technology for government, industrial and commercial customers posted revenue of $597.1 million in the period.
For the year, the company reported profit of $246.6 million, or $4.01 per share. Revenue was reported as $2.18 billion.
Federal Signal expects full-year earnings in the range of $4.50 to $4.80 per share, with revenue in the range of $2.55 billion to $2.65 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSS at https://www.zacks.com/ap/FSS
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