Federal Signal Boosts FY21 Adj. EPS Outlook - Quick Facts

While reporting financial results for the second quarter on Thursday, Federal Signal Corp. (FSS) raised its adjusted earnings guidance for the full year 2021.

For fiscal 2021, the company now projects adjusted earnings in a range of $1.78 to $1.90 per share, up from the prior forecast range of $1.73 to $1.85 per share.

On average, seven analysts polled by Thomson Reuters expect the company to report earnings of $1.82 per share for the year. Analysts' estimates typically exclude special items.

"The strength of our second quarter earnings, our record backlog and improving aftermarket demand in North America gives us increased confidence in the year," said Jennifer Sherman, President and CEO.

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