Federal Signal (NYSE:FSS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$474.2m (up 6.2% from 3Q 2023).

• Net income: US$53.9m (up 25% from 3Q 2023).

• Profit margin: 11% (up from 9.7% in 3Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$0.88 (up from US$0.71 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Federal Signal EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 5.2%.

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are down 4.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Federal Signal you should know about.

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