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Federal Signal Corporation
Federal Signal Corporation Announces Fourth Quarter Earnings of $0.10 Per Share from Continuing Operations
March 15th, 2009
Federal Signal Corporation (NYSE:FSS), a leader in advancing security and well-being, reported income from continuing operations of $4.9 million, or $0.10 per share, for the fourth quarter of 2008 on revenue of $254 million. For the same period of 2007, the Company earned $11.0 million from continuing operations, or $0.23 per share, on revenue of $255 million. The year-over-year fourth quarter income reduction resulted primarily from a $10.4 million pre-tax charge ($0.08 per share, after-tax) to recognize obligations associated with a joint venture in China and a $2.7 million pre-tax charge ($0.04 per share, after-tax) related to restructuring actions. Higher corporate costs, driven by...
Source: Pharma Investments, Ventures & Law Weekly (2009-03-15)
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