08.21.15
Federal Signal Corporation reported results for the second quarter ended June 30, 2015. Consolidated net sales for the second quarter were $230.8 million, down 2% versus the same quarter a year ago.
“We sustained our positive momentum through a strong second quarter,” said Dennis J. Martin, president and CEO. “Our businesses continued to use 80/20 and lean initiatives to drive bottom line results. Operating margin was up in all of our groups, most significantly in our Environmental Solutions Group, and, consolidated operating margin was a record 12.7% for the quarter, up from 10.2% last year. Overall, we improved our EPS by 7% compared to last year’s second quarter.”
Net sales were $230.8 million for the quarter, 2% lower than the second quarter of 2014. Consolidated second quarter operating income was $29.2 million, up 22% compared to the second quarter of 2014. Consolidated second quarter operating margin improved to 12.7%, compared to 10.2% last year.
“Our healthy cash flow and balance sheet support our dividend and share repurchases, and they position us to pursue growth opportunities,” said Martin. “We are maintaining our disciplined approach and have an appetite to add at least $250 million from acquisitions to our revenue run-rate within the next three years.”
“We sustained our positive momentum through a strong second quarter,” said Dennis J. Martin, president and CEO. “Our businesses continued to use 80/20 and lean initiatives to drive bottom line results. Operating margin was up in all of our groups, most significantly in our Environmental Solutions Group, and, consolidated operating margin was a record 12.7% for the quarter, up from 10.2% last year. Overall, we improved our EPS by 7% compared to last year’s second quarter.”
Net sales were $230.8 million for the quarter, 2% lower than the second quarter of 2014. Consolidated second quarter operating income was $29.2 million, up 22% compared to the second quarter of 2014. Consolidated second quarter operating margin improved to 12.7%, compared to 10.2% last year.
“Our healthy cash flow and balance sheet support our dividend and share repurchases, and they position us to pursue growth opportunities,” said Martin. “We are maintaining our disciplined approach and have an appetite to add at least $250 million from acquisitions to our revenue run-rate within the next three years.”