Federal Signal Q4 Profit Tops View - Quick Facts

(RTTNews) - Environmental and safety solutions provider Federal Signal Corp. (FSS) Wednesday said fourth-quarter net income soared to $27.1 million from last year's $4.8 million. Income from continuing operations surged to $26.7 million or $0.42 per share from $4.9 million or $0.08 per share in the prior year quarter.

Adjusted net income from continuing operations was $0.34 per share, while it totaled $0.09 per share last year.

On average, four analysts polled by Thomson Reuters expected earnings of $0.25 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated net sales edged up to $219.6 million from $217.7 million in the same quarter a year ago.

Looking ahead to 2014, the firm plans to grow its earnings per share to at least $0.79, with upside if markets maintain or strengthen. This represents an 18 percent improvement from normalized earnings per share of $0.67 in 2013. Analysts expect earnings of $0.79 per share.

FSS, which closed up 3.6 percent on Tuesday at $13.14, is gaining 8.4 percent in pre-market activity.